Banking

Muscat: Bahrain Development Bank (BDB) announced the successful closure of its $100 million Al Waha Fund of Funds, making it the first active venture...

Beijing: China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) to...

Muscat: Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to...

Portugal: A developing trade war between the world's biggest economies is weighing on business confidence and could force central banks to downgrade...

Muscat: A review of the activities of conventional banks indicates an annual growth in total outstanding credit disbursements of 6 per cent at the end of...

Muscat: Reaffirming its position of developing local talent in the banking sector, Alizz Islamic Bank’s human resources division has announced the...

Dubai: The Jeddah-based Islamic Development Bank (IsDB) will move hundreds of its staff outside Saudi Arabia and play a lead role in designing investment...

London: Britain has sold some of its holding in Royal Bank of Scotland, the bank which it rescued in the 2008 financial crisis, but has taken a loss of more...

Muscat: Delivering on an extensive digitisation agenda, Bank Sohar has put in place the Finacle Digital Core Banking and Analytics solutions, extending its...

Sydney: Commonwealth Bank of Australia (CBA) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges...