by finance_admin | December 2, 2024 | Banking
The European Central Bank (ECB) is expected to cut interest rates during its meeting on December 12, as inflation in the eurozone nears containment, according to Martins Kazaks, a member of the ECB’s Governing Council. Speaking to Latvia’s TV3 on Monday, Kazaks...
by finance_admin | December 1, 2024 | Banking
ADNOC Gas has unveiled its financial results for the first quarter of 2024, showcasing significant improvements in key financial metrics. The company’s adjusted net income surged by 21 percent year-on-year (Y-o-Y) to AED4.36 billion ($1.187 billion), while its...
by finance_admin | December 1, 2024 | Banking, Currencies, Economy, Finance, News
Investors await central bank decisions from the UK, Switzerland, and Norway amidst steady currency movements The British pound held broadly steady on Thursday as markets awaited a rate decision from the Bank of England (BoE) later in the day. The dollar was similarly...
by finance_admin | December 1, 2024 | Breaking, Fintech, Mergers & Acquisitions, News
Abu Dhabi Islamic Bank (ADIB) partners with DIFC Innovation Hub to accelerate FinTech adoption Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has announced a strategic collaboration with the DIFC Innovation Hub, the premier financial...
by finance_admin | November 25, 2024 | Banking, Economy
Michael Bolliger, CIO Global Emerging Markets, UBS Global Wealth Management, confirmed that the UAE’s non-oil economy is expected to grow by 4.7% in 2024, indicating that the UAE’s diversification and fiscal surpluses show a great ability to adapt to any...
by finance_admin | November 25, 2024 | Banking Regulations, Central Banks, News
The US Federal Reserve is expected to implement a 100-basis-point (bps) reduction in interest rates in 2025, according to Swiss bank UBS. The anticipated cuts are seen as a factor contributing to the continuation of the “Roaring 20s,” characterized by robust economic...
