Banking

Stocks To Watch: Adani Green Energy, J&K Bank, Vodafone Idea, L&T, Shoppers Stop, IRFC, Allcargo Gati, Premier Energies

the financial - 17 January, 2025

Stocks to watch today, January 15: GIFT Nifty was trading up 40 points or 0.17% at 23,304 indicating a higher start for domestic indices....

Upcoming Q3 results: These are the 3 BIG earnings to watch today

the financial - 17 January, 2025

Infosys, Reliance Industries and Axis Bank will be declaring their Q3 results. The street is watching out for these numbers not just to assess...

Aditya Birla Fashion to raise Rs 4,300 crore via pref issue, QIP

the financial - 17 January, 2025

ABFRL's shares closed trade on Wednesday at Rs 265.60 apiece, down 1.76% versus the previous day's close.Aditya Birla Fashion and Retail (ABFRL) on Wednesday...

Banking

Capital Infra Trust’s IPO enters day 3 with modest success

the financial - 9 January, 2025

The IPO of Capital Infra Trust’s infrastructure investment trust (InvIT) enters day 3 with moderate interest by substring 0.78 times or 78 per cent. Capital Infra...

Banking

Private equity investments hit a two-year high at $15 billion in 2024: LSEG Deals Intelligence

the financial - 9 January, 2025

Experts attributed this to India’s expanding middle-class population, robust start-up ecosystem and a strong IPO market Private equity investments in India hit a two-year high...

Banking

Debt mutual funds may get tax relief on capital gains

the financial - 6 January, 2025

The MF industry has also urged the finance ministry to align the capital gains tax rates of debt MF schemes with that of listed...

Banking

Canara Bank: What should investors do

the financial - 31 December, 2024

Given the track record of the management in achieving the guided figures and comfort in valuation, long-term investors can accumulate the stock in dips. The...

Banking

UAE APP scam losses surge 43% to $8.3mn in 2023, report reveals

the financial - 13 December, 2024

APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters Authorized push payment (APP) scam losses are on the...

Banking

Alif Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sunex Group

the financial - 8 December, 2024

The stake acquisition marks Aliph’s entry into the lifestyle sector Alif Capital, the first female-founded private equity fund in the Middle East, announced the acquisition...

Banking

Moody’s upgrades rankings for 11 Saudi banks

the financial - 3 December, 2024

RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...

Banking

Saudi corporate lending fuels bank loans growth to near-2 year high of 12.46%

the financial - 3 December, 2024

RIYADH: Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official...

Banking

UAE banks record highest return on equity in the GCC

the financial - 25 November, 2024

UAE-listed banks once again topped the GCC with the highest return on equity(RoE) at the end of the third quarter of 2024 at 16.8...

Banking

Dubai: Traditional banking ‘no longer valid’ as customers now want seamless transactions, says expert

the financial - 15 November, 2024

It is not the era of competition but cooperation among banks, fintech and other industry players, a senior industry executive said on Wednesday. Speaking at...

Banking

Saudi Central Bank lowers benchmark rate by 25 bps following US Fed decision

the financial - 11 November, 2024

RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark by 25 basis points to 5.25 percent. This...

Banking

Saudi bank loans reach highest growth rate in 19 months, surpassing $761bn

the financial - 11 November, 2024

RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 12.16 percent — the highest in 19...

Banking

UAE Central Bank reduces interest rates following US Fed cut

the financial - 8 November, 2024

The Central Bank of the UAE on Thursday decided to cut the base rate applicable to the overnight deposit facility (ODF) by 25 basis...

Banking

National Bank of Fujairah posts a strong 39.3% net profit before tax growth to Dh715 million in the first nine months of 2024

the financial - 3 November, 2024

National Bank of Fujairah (NBF) on Tuesday announced a year-on-year growth of 39.3 per cent to close the nine-month period at a net profit...

Banking

Abu Dhabi Islamic Bank net profit after tax rises 24%

the financial - 2 November, 2024

Abu Dhabi Islamic Bank on Wednesday reported a growth in net profit after tax of 24 per cent for the first nine months of...

Banking

CBI’s net profit before tax of Dh278.5 million, up 90% for Q3

the financial - 25 October, 2024

Commercial Bank International PJSC (CBI), a leading UAE bank, on Thursday announced a net operating income of Dh278.5 million for Q3 2024, an increase...

Banking

Ajman Bank nine-month profit before tax spikes 458%

the financial - 24 October, 2024

Ajman Bank on Monday announced that it recorded its highest-ever profit before tax of Dh313 million for the first nine months of 2024, a...

Banking

Saudi’s ProMexEx secures $20mln loan from Riyad Bank

the financial - 14 October, 2024

Saudi Arabian medical devices company ProMedEx has obtained a one-year Islamic credit facility of SAR 74.5 million ($20 million) from Riyad Bank. The facility will...

Banking

Dubai banks lead Middle East and Africa lenders in Q3 market cap growth

the financial - 4 October, 2024

Led by Emirates NBD, most banks in the Middle East and Africa (MEA) posted increases in their market capitalisation in the third quarter, according...

Banking