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Banking & Finance

China, 21 other countries initiate new Asian bank
The new lender would fund the construction of roads, railways, power plants and telecommunications networks in Asia that global finance officials say are needed to keep the region’s economies humming along.
ICICI Bank launches Easy NRI Account
The Easy NRI Account holder or mandate holder for this account is issued a passbook that can be updated by simply visiting any of ICICI Bank’s over 3,600 branches in India.
UAE banks on track to post strong growth
Expansion is mainly driven by robust economic prospects and recovering corporate asset quality
Opportunities for growth in the Islamic finance market
Financially the Middle East region is burgeoning and is challenging traditional financial centres as the major focus for Islamic finance.
IMF begins consultations on Islamic finance
Islamic finance, with its core markets in the Middle East and southeast Asia, is under growing regulatory scrutiny as it takes a greater share of the banking sector in some Muslim-majority countries and makes inroads in Western markets.
National Bank of Fujairah’s new equipment finance unit
NBF’s equipment finance team will provide tailored solutions to companies and vendors in various industries ranging from transportation and logistics to healthcare and manufacturing.
QNB’s profit jumps 12.6% to QR8b in first 9 months
The group’s prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 20.9 per cent, which is considered one of the best ratios among financial institutions in the region.
Emirates NBD unit launches 8 new funds
The newly launched funds are open to investors within and outside the UAE, in line with the company’s global growth strategy and its delivery of investment products to regional and international distribution channels.
Bank of Japan steady on policy
However, central bank gives not-so-good forecast on factories
Islamic lenders need to boost business practices
New research undertaken by SunGard, one of the world’s leading software and technology services companies, has identified key requirements to support the growth of the Islamic banking industry.
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