Banks (Finance)
The UAE Ministry of Industry and Advanced Technology (MoIAT) has secured over AED 40 billion in bank partnerships to drive industrial innovation, with five Memoranda of Understanding (MoUs) signed between the ministry and leading national banks. These partnerships aim to stimulate investments in industry and advanced technology, offer tailored financing
Banks (Finance)
Boubyan Bank has concluded the sixth level of its Wealth and Portfolio Management Academy for private banking employees in collaboration with Euromoney, focusing on advanced topics in investment and wealth management. The program, led by a certified consultant and trainer from EuroMoni, covered topics such as technical and fundamental analysis,
Banks (Finance)
Q2 Holdings, a digital transformation solutions provider for financial services, has introduced Direct ERP, a new solution designed to enable financial institutions to connect banking operations directly with enterprise resource planning (ERP) systems. This integration is expected to ease the reconciliation process, increase transparency, and reduce manual involvement, ultimately leading
Banks (Finance)
The Enforcement Directorate (ED) has revealed that former chairman and MD of UCO Bank, Subodh Kumar Goel, was involved in providing large credit facilities to a Chhattisgarh-based company, leading to the siphoning off of Rs 6210.7 crore from the bank. The principal promoter of the company, Sanjay Sureka, has
Banks (Finance)
The Hong Kong Monetary Authority has issued a warning to the public regarding a fraudulent website and internet banking login screen reported by Fubon Bank (Hong Kong) Limited. The fake website and login screen may have been used to obtain sensitive personal information from customers. The HKMA is advising the
Banks (Finance)
The Enforcement Directorate (ED) arrested Subodh Goel, the retired chairman and managing director of UCO Bank, for allegedly taking bribes worth over Rs 6,200 crore to sanction loans. Goel, who was appointed under the UPA government, was produced before a special court in Kolkata and remanded to ED custody
Banks (Finance)
The Reserve Bank of Australia has announced a 0.25% cut in the official interest rate, from 4.1% to 3.85%, citing increasing uncertainty in the global economy and lower than expected inflation. This decision marks the second interest rate cut this year, aiming to support economic growth and
Banks (Finance)
Amanda Dana, Director of Tourism for Orange County and Executive Director of the Orange County Film Office, was recognized for her outstanding contributions to the business community at the "Women Guiding Women" (WGW) initiative event on May 8, 2025. Dana, who has been a key figure in Orange
Banks (Finance)
The Reserve Bank of Australia's monetary policy board has made the decision to decrease the cash rate for the second time this year, taking it below 4 per cent for the first time in two years. This move, announced at the May meeting, has provided some relief to
Banks (Finance)
The UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed five Memoranda of Understanding (MoUs) with major national banks, including First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and WIO Bank, to provide competitive financing solutions exceeding AED40 billion to support
Banks (Finance)
The Qatar Islamic Bank (QIBK) saw a small but notable increase in its share value during the recent trading session on May 20, 2025. This development occurred within the Banks and Financial Services sector of the Qatar Stock Exchange. The bank's share value rose by approximately 0.99%
Banks (Finance)
The Enforcement Directorate (ED) has arrested Subodh Kumar Goel, former Chairman and Managing Director of UCO Bank, in connection with a loan fraud involving Rs 6,210.72 crore sanctioned to Concast Steel and Power Ltd. (CSPL). Goel was arrested from his Delhi residence and produced before the PMLA court
