Amid strong demand, Russia to expand its Islamic banking programme
Russia's Islamic banking pilot initiative relies on leasing, instalment sales, profit-sharing arrangements and asset-backed financing...
Category : Featured
China witnesses growth loss due to Iran war disruptions
China's factory output grew 4.1% from a year earlier (slowest growth since July 2023), compared with a 5.7% rise in March...
AD Ports Group, Borouge to explore alternative export hub in UAE
The agreement paves the way for AD Ports Group and Borouge to collaborate on the establishment of an alternative export hub on the UAE’s East Coast...
UniCredit vs Commerzbank: German lender rejects fresh takeover bid
Commerzbank executives, along with Germany's government and bank employees, have long criticised UniCredit's tie-up attempt as hostile...
Egypt raises USD 1 billion in dollar-denominated social bond sale
The eight-year bonds received subscription orders exceeding USD 3.9 billion, reducing the annual yield to 7.6% from 8% due to strong demand...
Eyeing full-service bank status, Revolut launches crypto card
Revolut's crypto card, apart from supporting 200-plus cryptocurrencies, will be integrated with Apple Pay and Google Pay for contactless payments...
BlackRock, State Street join Wall Street’s tokenisation race
State Street's tokenised cash-management product will allow stablecoin holders to sweep their assets into an on-chain, yield-bearing asset...
Poaching game: Citigroup, Wells Fargo go all guns blazing
Jonathan Alpert, previously global co-head of insurance coverage at Bank of America, has joined Citigroup as its global head of insurance...
Standard Chartered promotes Manus Costello as permanent CFO
Costello, apart from being the Standard Chartered's permanent CFO, will also join the company's board as an executive director...
FCC approves Verizon- US Cellular 2024 spectrum purchase deal
Post-FCC approval, the acquired spectrum assets from US Cellular will enhance Verizon Wireless’ network coverage, capacity and performance...