Fri 09-06-2023 21:32 PM ABU DHABI, 9th June, 2023 (WAM) — Credit financing provided by the UAE national banks to the trade and industry sectors grew 6.1% YoY, or AED42.5 bn in the first three months of 2023, according to recent data issued by the Central Bank of the UAE (CBUAE). The statistics showed that...
© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2023. REUTERS/Staff By Shreyashi Sanyal (Reuters) -European shares dipped on Thursday as rate-sensitive technology shares slipped on expectations of further interest rate hikes by major central banks, although gains in banks helped limit...
Enterprises and marketplaces that need to take and make payments across multiple geographies and products have typically relied on mix-and-match bags of third party services patched together by teams of engineers with some of their own code. But at best, these Dr Frankenstein creations can be buggy and still missing functionality — and at worst,...
© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo (Reuters) – U.S. regulators are preparing to force large banks to shore up their financial footing, the Wall Street Journal reported on Monday, to help boost the resilience of the system after a...
© Reuters The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include withdrawals and is more than twice as big as the second-highest amount registered in February 2022. Monthly amount of staked...
Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised $70 million in a Series D round led by Insight Partners. The Banc Funds Company and Mendon Venture Partners participated also, as did Nymbus clients ConnectOne Bank and PeoplesBank. According to...
2/2 © Reuters. FILE PHOTO: A man walks past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar, Euro and other foreign currencies outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato 2/2 By Hari Kishan BENGALURU (Reuters) – Global stock indices will end this year higher than where...
Wed 24-05-2023 20:27 PM ABU DHABI, 24th May, 2023 (WAM) — The assets of UAE-based Sharia-compliant banks grew to AED607.8 billion by the end of February 2023, a YoY growth of 6.5 percent from AED 593.1 billion , statistics by the Central Bank of the UAE have shown. On a monthly basis, the assets increased...
Share Tweet Share Whatsapp Email Bahrain cemented new rankings on the Logistics Performance Index 2023 published by World Bank as the ‘Most Improving Country in the GCC’, ranking 2nd in the Arab World, with the United Arab Emirates (UAE) ranking 1st. Owing to the milestone projects and initiatives delivered within the logistics sector across the...
Tue 23-05-2023 10:52 AM ABU DHABI, 23rd May, 2023 (WAM) — S&P Global Ratings (S&P) has affirmed the ‘AA-‘ credit rating for Emirates Development Bank (EDB), demonstrating the Bank’s strong creditworthiness. The rating comes with a ‘Stable’ outlook, indicating confidence in EDB’s ability to maintain its financial stability. The affirmation of EDB’s credit rating at...