Swift starts blockchain-based ledger, to enable cross-border payments with tokenised deposits
The product, announced by the Swift in 2025, has been designed and...
Category Banking and Finance
Deutsche Bank to set up regional headquarter in Saudi as its eyes Middle East expansion
The new regional headquarters will oversee Deutsche Bank's regional management, strategic decision-making...
HSBC to pull back from riskier private credit lending as industry faces fresh crisis
HSBC, in May 2026, took a USD 400 million hit linked to...
Lasting regional peace key to GCC banks’ resilience, says Fitch
The June 17 Memorandum of Understanding (MoU), signed between Washington and Tehran,...
GBO
Magazine
ICP: Advancing Saudi Arabia’s industrial edgeSince its launch, the ICP has begun delivering tangible results across the industrial sector...
Consortium of Visa, Mastercard and Coinbase to launch new stablecoin
Open Standard brings together more than 140 businesses for the stablecoin network....
Julius Baer names Standard Chartered veteran Peter Burrill as its new CFO
Burrill joins from Standard Chartered, where he spent nine years in a...
Investment manager Franklin Templeton further expands its Middle East presence
Franklin Templeton, which serves clients in over 150 countries, has maintained a...
PIF, Mubadala lead the charge as GCC-based wealth funds supercharge profits further
Saudi Arabia's PIF consolidated net profit surging by 152% in 2025, reaching...
Central banks set to shrink dollar holdings in 2026, finds OMFIF survey
Policy uncertainty from the Donald Trump administration, along with heightened geopolitical risks,...
Santander to give early retirement to 3,000 Spanish employees, claims report
The ongoing discussions between Santander and workers' unions will set a framework...