bank

Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on Thursday, in a “conservative” step that could prevent widescale use of the cryptocurrency by major lenders. The…
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Saving accounts in UAE national banks attracted 9.77 billion dirhams ($2.7 billion) in the first four months of 2021, data from the country’s central bank showed. The new liquidity brings the cumulative balance of saving accounts in the…
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A Sudanese bank on Monday launched an investment fund offering what it said was the country’s first green sukuk — or bonds compliant with Islamic banking principles — aimed at financing renewable energy for commercial use. The 4.75…
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The Saudi Arabian Monetary Authority (SAMA) said it will allow mothers to open bank accounts on behalf of their children, so long as they are minors. SAMA said in a circular on its website it is keen to contribute to empowering maternal…
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Egypt President Abdel Fattah El-Sisi has launched a fundraising account in all Egyptian banks to help support the reconstruction of Gaza following days of conflict with Israel. The Long Live Egypt Fund, affiliated with the Egyptian…
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Telda, a Cairo-based digital banking application, has raised $5 million during its pre-seed funding round organized by US firm Sequoia Capital. It was the first investment for the American venture capital firm in the Middle East and…
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A transgender woman in Alabama confessed to robbing a bank in the state, to get money to cover the costs of plastic surgery she underwent in Mexico. The charges against Iconic Vaci, a transgender woman, go back two years after she robbed…
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Abu Dhabi National Oil Co. and chemical producer OCI have hired banks for a potential listing of their fertilizer joint venture, in what could be one of the largest offerings in the UAE in recent years, Bloomberg reported. Morgan…
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The African Development Bank Group (AFDB) has approved a plan to liquidate Sudan’s $413 million arrears, SPA reported. “This represents a milestone in the country’s re-engagement with international and global financial institutions,” the…
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First Abu Dhabi Bank has gained legal and regulatory approval to complete the acquisition of a 100 percent stake in Bank Audi Egypt, a subsidiary of the Lebanese Bank Audi Group, the bank announced on Thursday. In a statement, the bank…
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