It may seem ironic at first glance, but in the world of finance, the truly smart individuals are not those who deposit money into banks but rather those who borrow it strategically. This distinction becomes even clearer when we analyze the behavior of the rich compared to that of the middle...
The UAE’s biggest bank has returned to the debt markets for the fifth time in less than two months. First Abu Dhabi Bank on Monday hired advisers to market a euro-denominated deal, according to people familiar with the transaction. Since the start of the year, the bank...
Data expo opens in southwest China China central bank denies measures on dollar deposit The People's Bank of China (PBOC) has denied reports that commercial banks were asked to deposit all their U.S. dollars into the central bank. China's growth outlook positive despite uncertainties Many econo...
50 Public Bank (Malaysia) Malaysia 98,919 Source for asset figures: Fitch Solutions Related Content Award Winners World’s Best Private Banks 2025: Introduction Award Winners World’s Best Digital Banks 2024: Global And Regional Winners Award Winners ...
UAE 121,989 46 ICICI Bank India 119,033 47 National Commercial Bank Saudi Arabia 117,731 48 CTBC Bank Taiwan 114,956 49 Punjab National Bank India 111,096 50 Bank of Baroda India 107,170 * New to the list this year Source: Asset values from Fitch Ratings in most cases; where not ava...
Julius Baer put the spotlight back on risks at Switzerland’s banks with the departure of its chief executive and a big write-down of loans extended to property magnate René Benko. The private bank took a full loss allowance on the roughly $700 million it lent to Benko, the Austrian ...
Géant Continues Rapid Expansion with Launch of Géant Express in Oud Metha reaching 41 stores between aswaaq and Geant in the UAE GMG Everyday Goods’ retail division has launched its first ever Biggest May Fest promising unbeatable deals, exclusive offers, and everyday discounts...
Banks have started offering financing facilities to builders of the palaces, but an official cost has yet to be revealed, the report stated. he palaces will feature modern and traditional Moroccan-style architecture with Islamic designs and colourful ceramic tiles. The complex of palaces will inclu...
In fact, what is astounding is that the missing €1.9 billion was only discovered as an irregularity when EY finally did check the financial dealings of Wirecard in Singapore, Manila and Dubai. When EY asked two banks in the Philippines for the Wirecard account balance and...
The results suggest that banks may be starting to manage down their property loan books particularly in parts of Western Europe. Clearly, Ireland and the UAE stand out as markets where this process is expected to accelerate in the coming months. ...