Banking

Addis Ababa: Lenders are lining up to establish a presence in Ethiopia, one of Africa’s fastest-growing and most under-banked economies. Now they need the...

Dubai: Annual growth in Saudi Arabian bank lending slowed in January to its lowest level in nearly seven years, official data showed on Tuesday, a sign of...

London/Dubai: Citigroup Inc. is in advanced discussions for a banking license in Saudi Arabia, returning after a more than 10-year absence from the Kingdom,...

Beijing: China plans to target broad money supply growth of around 12 per cent in 2017, slightly lower than last year's goal, policy sources said,...

Muscat: Oman’s insurance companies have posted a 1.9 per cent growth in gross direct premium income at OMR454.64 million in 2016, from OMR446.18 million...

Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has signed a financing agreement with the Drug Manufacturing Company (DMC) for...

New York: Citigroup Inc. said U.S. authorities including the Securities and Exchange Commission are investigating the bank’s hiring of employees with ties...

Stockholm: Sweden’s government is putting forward a new proposal for a financial industry tax and will require banks to contribute more to a crisis fund...

Dubai: Bank Muscat, Oman’s largest bank by assets, is raising $500 million through a syndicated loan, banking sources familiar with the situation...

Muscat: Nama Holding, the Sultanate’s state-owned holding company in the electricity sector, has awarded the second phase of the advisory and mandated...