Mashreq takes lead by introducing the first of its kind service in the UAE as it launched ground breaking instant banking ‘Mashreq GO’ on Tuesday.
Mashreq takes lead by introducing the first of its kind service in the UAE as it launched ground breaking instant banking ‘Mashreq GO’ on Tuesday.
The UAE ranked among the top three in the Middle East for financial literacy, according to a new report from MasterCard.
DUBAI - The Arab Monetary Fund said on Tuesday it was arranging a $127 million credit facility for Morocco to help the North African nation deal with rising food prices, which could threaten its political stability.
LONDON - A Bank of England scheme to give banks cheap funding will boost the supply of credit to the recession-hit economy because a large number of lenders have signed up, central banker Paul Fisher said.
LONDON - Libor, the interest rate at the centre of an international rate-rigging investigation, must not be scrapped hastily and any shift to alternatives should be made gradually to avoid market disruption, a global derivatives industry body said on Thursday.
Dubai plans to issue a bond to refinance part of Dh6.5 billion ($1.8 billion) of sovereign debt maturing in April 2013, its finance chief was quoted as saying by a newspaper on Monday.
Alizz Islamic Bank, Oman’s first Islamic bank, which was founded by Abu Dhabi’s Aabar Investments and other regional partners, will be launching its initial public offering, or IPO, on September 22.
NICOSIA, Cyprus — Europe faces weeks of tough negotiations to agree on a new region-wide banking supervisor after divisions emerged over the new body’s powers at a meeting of the region’s finance ministers on Saturday.
NICOSIA — Swedish Finance Minister Anders Borg on Saturday dismissed as “completely unacceptable” European Union moves to place banks across the bloc under the supervision of the European Central Bank.
FRANKFURT - Banks will get some relief from a new rule forcing them to hold cash buffers, although global regulators were unable to agree this week how that might be achieved, two people familiar with the talks said on Friday,