AI, Quad camera, Pop-Up image sensor powered techno gizmos or Smartphones revs up our present and future. In this digital world, smartphones are the most utilised gadgets. From all customers to Millennials, a smartphone is a must without which our lives would just be sombre. Our day to day activities, then be it the entertainment, shopping or even our official schedulers, programmes, events etc are nowadays planned through a smartphone. Thus, it has become an integral part in our lives.
In a bid to finance the local exporters as well as foreign importers, Saudi Arabia is in search to set up an EXIM (Export-Import) credit bank as proposed in December 2017. This is to support the global sales and services of their products. The total net worth of the EXIM (Export-Import) Bank will be worth 30 billion Riyals (Dh29Bn)
According to a survey reported by Emirates NBD Bank for the first quarter of 2019, ‘the Gold and Cash have made it amongst the most favorable lists of short term ‘Preferred Asset’ Investments for the financial year 2019-2020. UAE’s biggest financial institution and topmost money lender has also stated that in the long-term investments ‘Trade and Emerging Market Equities’ have been most favorable and hence topping the lists so far.
The world economy has already left behind its higher growth rates, while inflation will foreseeably rise. In the opinion of Julius Baer, this will further erode the support provided by the big central banks. "Therefore, investors will have to adapt their positioning and adopt a more active stance," he warns.
MENA (Middle Eastern and North American) region, especially emerging economies like Jordan, Egypt, Morocco, Syrian and Libyan economies, etc. by pooling in International monetary aid in the form of billions of dollars in 2019 to bail out these countries from debts and accelerate their economic reforms to a new high.
Net benefit up 23% in the final quarter of 2018 to Dh748m Despite the fact that ADIB will keep up a practical methodology, it will reinvest later on the development of the bank.
Abu Dhabi Islamic Bank (ADIB) has extended its system of ADIB Express branches, following a substantial gathering from clients, opening two new areas in the UAE.
BNP Paribas strengthens its position as a leading European bank in the Nordic region with senior appointments across its banking business
Société Générale Corporate & Investment Banking (SG CIB) reinforces its global market offering with the opening in Paris of the liquidation capacity of OTC derivatives and products (Over The Counter). The bank will also strengthen the sales teams of intermediation services (prime services) in continental Europe.
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has celebrated its momentous 20th anniversary with a new promise to customers. The bank has pledged to continue enhancing customers' banking experience, reiterating its commitment to delivering the latest technology, products and services through a US$100 million digital transformation strategy.
Deutsche Bank has launched a fund that applies a scientific approach to analysis and hedging, and an investment strategy, exclusively for German bank customers.
Drawing on all Group business lines that can contribute to the equity financing of company activities and thereby support their growth, she is tasked with defining ways to strengthen the bank's position with these companies, which show strong development potential.
The National Commercial Bank announced that its net income for the nine months of 2018 reached SAR 8,020 million compared to SAR 7,245 million for the same period of the previous year, an increase of 10.7%. NCB’s net income for the third quarter reached to SAR 2,454 million compared to SAR 2,126 million for the same period of the previous year, an increase of 15.4%.
Although Blockchain technology is still naive, but its cryptographic decentralized secure ledger system has found many positives especially in the core banking and financial sectors. Financial Analysts and few banks like UK’s Santander Bank, UBS Bank, Unicredit, National Bank of Abu Dhabi have already implemented use of this technology for strengthening their business as well to maximize business profits and have a surplus International currency.
The Banco Santander and Actinver Financial Group, supported by the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (BIVA), announced a partnership to leverage public equity offerings median Mexican company, for amounts between 400 to 2,000 million pesos, seeking that the offers be 100% in Mexico.
The EBRD is becoming a shareholder in Bank BGŻ BNP Paribas S.A. with an investment of PLN 430 million corresponding to a stake of about 4.5 per cent.
Newly developed permissioned blockchain platform used for the issuance of a Schuldscheindarlehen.
R3 is a consortium of the world’s largest banks, financial institutions, national financial regulatory authorities, trade associations and lenders, united in a single infrastructure based on distributed ledger technology (blockchain).
Scotia Global Asset Management today announced it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI).
Global growth remains strong, but the downside risk associated with trade tensions between the U.S. and China cloud prospects for an otherwise robust economy. These findings were reported in the most recent Global Outlook report, published today by Scotiabank Economics.
The heads of the leading multilateral development banks (MDBs) meeting at the 2018 Global Infrastructure Forum (GI Forum) today reaffirmed their commitment to work together to deliver inclusive, resilient, and sustainable technology-driven infrastructure.
Key factors to enable growth for small to mid-sized companies are to make time consuming business administration and financial planning processes more efficient and simplified. Swedbank and Asteria have therefore joined forces to build up the next generation of digital banking services to support the corporate customers within this segment.
Mobile money adoption in low-income countries is being boosted by technology, with the number of mobile money accounts growing more than twice the number of bank accounts per 1,000 adults on average, a new study reveals.
Increasing and improving the cooperation between multinational development banks (MDBs) has been recognised as a major step towards achieving the Sustainable Development Goals(SDGs), which were adopted by world leaders in September 2015 at an historic United Nations (UN) summit.
Supporting the development of small businesses in Kosovo, the EBRD is lending €2 million to Kreditimi Rural i Kosoves (KrK), the third largest microfinance institution in the country.
Shinhan Bank, one of the largest banks in the Republic of Korea, has joined the EBRD’s Trade Facilitation Programme (TFP), a framework to promote trade with countries across the three continents where the EBRD invests.
Openbank, the Santander Group's 100% digital bank, presents its new developments and features resulting from its vision today of the bank of the future. These new developments, presented at the Openbank Media Day 2018, are now available to all customers and include the launch of the first
IFC, a member of the World Bank Group, provides a $100 million loan to the Arab African International Bank (AAIB), to help the bank scale up its lending operations to small and medium enterprises and build its sustainable energy finance portfolio in response to increased energy bills for many companies and SMEs part of the financial inclusion.
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, will open the subscription for shareholders and rights holders who want to subscribe to ADIB new shares on Tuesday September 25th until 9th of October, both days inclusive. ADIB received approval from its shareholders on August 19th to raise AED 1 billion through a rights issue to support the bank's continued growth and its objectives in achieving its 2020 vision, while meeting regulatory requirements.
Businesses in Latvia, Estonia and Lithuania will benefit from better access to finance under an unfunded risk-sharing facility of up to €35 million provided by the EBRD to Citadele Bank, the country’s fourth largest lender in terms of loans.
Emirates NBD, a leading bank in the region, announced today that it will soon launch customised banking services via WhatsApp in the UAE.
Going by the recent economic indicators, Egypt’s economy is gradually turning a corner in the first half of 2017. Egypt, which took a few hard decisions and is now concentrating on non-oil SME-intensive sectors, saw its purchasing managers’ index (PMI) improving month-on-month for three consecutive months, due to more gradual contractions in output and new orders, although it has to be said in all fairness that operating conditions remain difficult.
In an effort to convert to smart services to save customers’ time and effort, the Ministry of Finance launches “E-Guarantee” in collaboration with Arab Bank for Investment & Foreign Trade (Al Masraf).
The European Bank for Reconstruction and Development (EBRD) is supporting the Lebanese private sector by providing a financial package of US$ 100 million to Société Générale de Banque au Liban (SGBL), a leading bank in Lebanon, for on-lending to small and medium-sized enterprises (SMEs) and to support export and import activity.
A telecom company in Kosovo, already one of the bigger players in a sector with many small participants, will be supported by the EBRD through a €12 million loan financing to support its expansion plans.
Banco Santander has achieved the best result in its history and is ranked as the third best bank in the world and first in Europe in the Dow Jones Sustainability Index (DJSI), benchmark in the international arena that measures the sustainable behavior of companies in the economic, environmental and social dimensions.
The EBRD has invested €100 million in a new seven-year €550 million bond issue by the Bulgarian Energy Holding (BEH), the state-owned entity which controls the country’s energy assets, including the public suppliers of electricity and gas.
Strengthening its support for the private sector in Uzbekistan, the EBRD is providing a synthetic local currency loan of up to US$ 5 million to DAVR Bank. This is the first EBRD loan to the bank aimed at expanding access to finance for local micro, small and medium-sized enterprises (MSMEs).
Private equity firm J.C. Flowers & Co and the EBRD have completed the acquisition of the Romanian subsidiary of the Greek Piraeus Bank, in a move to strengthen Romania’s banking sector.
This Saturday, June 16, we celebrate “the significant financial contribution migrant workers make to the wellbeing of their families back home and to the sustainable development of their countries of origin.”
Much has been said about the unique phenomenon of global synchronized growth, the unanimity of a lax monetary policy, and the objective of having common fiscal policies by geographical regions.
Financial planning, ways of operating self-business, securing strategic ties with countries worldwide.