banking

EFG Hermes' consumer financing unit seals deal with Amazon

May 13, 2022

EFG Hermes Holding, a leading investment bank franchise in frontier emerging markets, said one of its key subsidiaries valU Consumer Finance, has......

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Pound slumps after tepid BoE rate hike

May 6, 2022

LONDON: The pound tumbled after the Bank of England raised interest rates by just a quarter of a percentage point despite surging inflation, while......

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Pakistan names new central bank chief as talks on stalled IMF programme resume

May 5, 2022

Pakistan named a deputy governor of the central bank as its new chief on Wednesday as the country restarts talks with the International Monetary......

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Soaring interest rates weigh on big bank mortgage loan growth

April 19, 2022

WASHINGTON- With soaring interest rates scaring off would-be mortgage borrowers, the outlook for banks' home lending portfolios is gloomy, according......

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World Bank approves a $23.5 million grant to advance sustainability in the Palestinian energy sector

April 13, 2022

WASHINGTON, Tuesday, April 12, 2022 (WAFA) – The World Bank yesterday approved a $15 million grant for the multiphase Advancing Sustainability......

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Dollar index touches 100 for first time in nearly two years

April 9, 2022

LONDON- European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100......

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Mashreq and noon.com collaborate to launch VIP Savings Account

April 7, 2022

Mashreq, one of the leading financial institutions in the UAE, and noon.com, Middle East's leading digital e-commerce platform, have partnered......

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World Bank approves $8 million to reform and modernize Palestinian public financial management system

April 6, 2022

WASHINGTON, April 5, 2022 (WAFA) - The World Bank approved an $8 million grant to advance public financial management (PFM) reforms of the Palestinian......

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China's largest banks signal tough times ahead

March 30, 2022

SHANGHAI- Three of China's largest banks have said that the country's lenders face multiple headwinds this year that include the pandemic,......

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Mashreq Bank launches Neopay to consolidate and grow

March 29, 2022

Mashreq Bank, one of the leading financial institutions in the UAE, has launched Neopay, which will comprise Mashreq’s leading merchant acquiring......

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