Gulf Central Banks Align with U.S. Fed in Coordinated Rate Cuts
by Central banks across the Gulf Cooperation Council (GCC) have reduced key interest rates, mirroring the U.S. Federal Reserve’s decision to lower its benchmark rate by …
Tag: Banks
New Federal Rule Limits Overdraft Fees at Large Banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump …
Was ‘Outer Banks’ Canceled? Why Season 5 Is OBX’s Last – Hollywood Life
Image Credit: JACKSON LEE DAVIS/NETFLIX P4L apparently doesn’t mean forever. Outer Banks fans were heartbroken when Rudy Pankow‘s character, JJ, died at the end of …
GCC Banks Shift Interest Rates Following US Fed’s Path
Several central banks in the Gulf Cooperation Council (GCC) have moved in close alignment with the United States Federal Reserve, adjusting interest rates as a …
Collaboration Between Banks and FinTech Grows With Central Bank Digital Currencies in UAE
The adoption of Central Bank Digital Currencies (CBDCs) in the UAE is fostering closer collaboration between financial institutions and FinTech companies, marking a transformative shift …
Group of illegals used blowtorches, cell jammers and disguises to rob banks: feds
A group of illegal immigrants from South America was indicted by a federal grand jury for allegedly using construction crew disguises, blowtorches and cellphone jammers, …
First Abu Dhabi Bank’s Q3 Profits Surpass Expectations with $1.2 Billion Boost
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, has reported a remarkable performance for the third quarter of 2024. The …
Qatari Banks Re-enter Global Debt Markets for Funding
Qatar’s banking sector is poised for a resurgence in the global debt markets as local lenders embark on refinancing efforts and seek to diversify their …
China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
Hafeet Rail Attracts $1.5 Billion Financing from Banks
Hafeet Rail has successfully secured $1.5 billion in project financing from a consortium of banks, marking a significant milestone in the development of rail infrastructure …