Islamic Development Bank launches $2 bn coronavirus response package
The package will help member states to cope with the impact of...
Banks
Dubai Islamic Bank approves increase in foreign ownership limit
The bank's shareholders have approved foreign ownership limit of shares to 40...
Kuwait’s new draft law to set up Shariah board for banking supervision
All 36 MPs have voted unanimously in favour of the draft law...
RBS head considering eliminating thousands of jobs at Natwest
The bank currently has 65,000 staff across the globe, out of which...
BIS says more central banks may seek to launch their own digital currencies
According to the BIS study, around 20 percent of the 66 central...
Aramco faces heat from banks on incentives after thin IPO deal
Aramco plans to sell 450 million shares, increasing the size of its...
KfW Bank to back 10,000 African SMEs with $33 mn credit facility
The German bank will support the African Guarantee Fund aimed at improving...
Ex-CEO of HSBC Greater China to lead OCBC’s wholesale banking unit
Helen Wong, with 35 years of experience, to head OCBC’s banking unit...