Hong Kong central bank keeps key rate unchanged, tracks Fed decision
HONG KONG, May 2 (Reuters) – The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window […]
Russian court cancels seizure of some JPMorgan funds in VTB dispute
MOSCOW, May 2 (Reuters) – A Russian court has cancelled the seizure of part of JPMorgan’s (JPM.N), opens new tab funds in Russia in […]
BlackRock signs agreement with PIF to accelerate growth of capital markets in Saudi Arabia by launching a Riyadh-based multi-asset investment management platform
BlackRock Saudi Arabia and the Public Investment Fund (PIF) today announced the signing of a memorandum of understanding (MoU) by which BlackRock […]
Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue. Here’s what […]
Fitch affirms AA rating for Emirates Development Bank
Fitch has affirmed the credit rating of Emirates Development Bank after the lender’s contribution to the UAE’s economy rose by 80 percent […]
HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire
HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief Executive Officer […]
Goldman Sachs in talks to transfer GM credit card partnership to Barclays, WSJ reports
April 29 (Reuters) – Goldman Sachs (GS.N), opens new tab is in talks to transfer its General Motors (GM.N), opens new tab credit card program to […]
Foreign investment in UK finance sector halves in 2023, says City of London
LONDON, April 30 (Reuters) – Foreign investment in Britain’s financial and professional services halved to one billion pounds ($1.25 billion) in 2023, […]
US regulators seize troubled lender Republic First, sell it to Fulton Bank
April 26 (Reuters) – U.S. regulators have seized Republic First Bancorp (FRBK.PK), opens new tab and agreed to sell it to Fulton Bank, underscoring […]
Saudi and UAE remittances to Pakistan hit $125m in Ramadan
Saudi Arabia topped the list of countries with the highest remittance to Pakistan in March, local media reported. Remittances from the kingdom […]
Oman and UAE sign deals worth $35bn
The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). […]
Crypto miners see ‘enormous potential’ in the Gulf
With cryptocurrencies edging up again after last weekend’s “halving” – in which the rewards Bitcoin miners get for solving problems is cut […]