Tag: Finance
SAMA provides $13 billion to banks for improving liquidity
Saudi Arabian Monetary Authority (SAMA) is advancing $13.29 billion into the banking sector to raise liquidity and improve the lending capability of financial institutions...
ADIB brings in interim CEO as former chief executive Mazin Manna...
UAE's biggest Islamic finance institution, Abu Dhabi Islamic Bank (ADIB), has promoted in its current Chief Operating Officer Mr. Sandeep Chouhan as its new...
Ajman Police integrates Ajman Pay to its operations
Ajman Police has confirmed its operational integration with Ajman Finance Department's smart digital payment platform "Ajman Pay" as a new breakthrough in digital governance....
UAE Central Bank delivers financial reporting guidelines to assess COVID-19 credit...
The Central Bank of the UAE announced guidelines to financial organizations on the use of International Financial Reporting Standard 9 (IFRS 9) to guarantee...
Commerzbank raising $3.31 billion to fuel new business opportunities
Where the majority of the financial institutions around the world struggle to maintain operations, Germany's Commerzbank is planning to raise up to $3.31 billion...
UBS creating fin-tech exclusive venture fund
Swiss investment banking giant, UBS Group is creating an exclusive venture capital fund for fintech projects. The venture fund will finance fintech projects in three...
UAE Exchange begins transaction refunds to customers
UAE based currency exchange and transfer firm UAE Exchange has begun issuing refunds to few customers whose transactions had been delayed for more than...
Abu Dhabi’s Commercial and Islamic banks report Q1 net income close...
According to the latest data revealed by Statistics Centre-Abu Dhabi, Region's Commercial and Islamic banks posted a total net income of around AED 9.6...
