Money market rates in the UAE hit their highest levels in roughly two years on Tuesday as low oil prices slashed state oil revenues, leaving banks with less money to lend.
The economies of the rich Gulf Arab oil exporters have so
Global regulators reached a draft agreement Friday on a rule on stopping banks being "too big to fail", by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.
Growth in financial transactions messaging system Swift's traffic volumes in the Middle East and Africa has accelerated by double-digit percentages this year as banks expand rapidly and non-financial institutions join the industry cooperativ
Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and restrain competition in the roughly $16 trillion market for credit default swaps, a lawyer for the investors said on Fri
Gulf state-owned firms are increasingly turning to banks to finance infrastructure projects, according to Societe Generale, as governments hit by lower oil prices seek commercial routes to see through extensive development plans.
The first comprehensive global code of conduct to regulate the scandal-hit foreign exchange market will come into force in May 2017, central bank officials said on Wednesday.
Three years of revelations over the conduct of major ba
Bahrain’s banks have strong liquidity and capital buffers that would enable them to tide over global headwinds due to continuing low oil price and low growth expectations, experts from ratings agency Moody’s Investors Service said
Dubai's Deyaar Development will fund 30 per cent of its $817 million Midtown project through bank loans, the real estate firm's chief executive said on Monday.
Midtown will target mid-income residents as Deyaar tries to fi
Thousands of Britons failed to receive their wages on Friday (August 28) when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.
The glitch affected payme