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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