US President Donald Trump assured Arab and Muslim leaders during a meeting on Tuesday that he would not permit Israeli Prime Minister Benjamin Netanyahu to annex the West Bank, as per sources familiar with the discussion, reports Politico. Ahead of his meeting with representatives from eight Arab and Muslim countries at United Nations headquarters, Trump […]
Central Bank of India shares edged higher on Tuesday after the lender announced a strategic partnership with C2FO Factoring Solutions to boost Trade Receivables Discounting System (TReDS) services for MSMEs across the country. The stock was trading at ₹38.04 on the BSE, up 0.48% from its previous close of ₹37.86. During the day, it touched […]
Commercial banks in the GCC reached $3.5 trillion in assets, supported by a 9.6% increase in total deposits/ Image: WAM Commercial banks in Gulf Cooperation Council (GCC) countries closed 2024 with notable gains across all financial indicators. Backed by robust deposits, rising loan volumes, and sustained capital adequacy, the sector’s total assets reached $3.5 trillion. […]
JPMorgan Chase, America’s biggest bank, kept Jeffrey Epstein as a prized client for more than a decade even after he was a convicted sex offender, processing over a billion dollars in transactions and repeatedly ignoring internal alarms about suspicious activity. Executives debated, compliance officers warned, yet the bank continued to provide him with loans, accounts […]
Mumbai, September 9 (Udaipur Kiran) — Shares of Infosys surged over 4 percent on Tuesday after its subsidiary Infosys Finacle, part of EdgeVerve Systems, announced the deployment of its Finacle Digital Banking Solution Suite for PT Bank CTBC Indonesia, a subsidiary of Taiwan’s CTBC Group. The suite has been deployed on a cloud-hosted model as […]
New York, 3 September (Udaipur Kiran): Gold prices surged to historic highs on Tuesday, crossing $3,500 per troy ounce, as investors bet on a Federal Reserve interest rate cut and continued robust buying from foreign central banks. Gold futures climbed to an intraday high of $3,578, while spot gold traded above $3,516—both setting new records. […]
Sharjah Islamic Bank launched Ruwaad 2025 to train Emiratis through leadership courses, job rotations, mentorship, and technical skill-building/Image: WAM Sharjah Islamic Bank (SIB) has officially kicked off the new cycle of its flagship talent development initiative, Ruwaad 2025. The programme is tailored to nurture and prepare high-potential Emiratis for leadership roles in the banking and […]
TEL AVIV: Israeli far-right finance minister Bezalel Smotrich announced work would start on a long-delayed settlement that would divide the West Bank and cut it off from East Jerusalem, a move his office said would “bury” the idea of a Palestinian state.The Palestinian govt, allies and campaign groups condemned the scheme. The construction on a […]
RAKBANK’s mobile app now lets customers trade major cryptocurrencies using UAE dirhams/Image: Instagram TL;DR: RAKBANK is the first traditional UAE bank to enable retail crypto trading via its mobile app. The service is delivered in collaboration with Bitpanda Broker MENA DMCC, a licensed VARA-regulated platform. Customers can buy, sell and swap Bitcoin, Ethereum, Solana, and […]
A suspected fire triggered by a power bank in carry-on luggage forced emergency response aboard a Virgin Australia flight from Sydney to Hobart on Monday, prompting the airline to review its lithium battery policies.The incident occurred during descent on Flight VA1528, when smoke and flames were seen emanating from an overhead locker. Battery fire on […]
