Bank

Protesters vandalized the facades of several banks and set tires alight in a suburb about 8 km east of Beirut on Thursday, frustrated at being denied access to their money. The attacks targeted branches of Bank Audi, Bank of Beirut and…

Despite anticipating a deceleration in economic growth, Moody’s Investor Service has maintained a stable outlook for the UAE’s banking sector. In its most recent projection, the bond credit rating subsidiary of Moody’s Corp. predicted a…

The UAE’s banking sector recorded a 35 percent growth in net profits to 18.3 billion dirhams ($4.98 billion) during the first quarter of 2023, reported global professional services firm Alvarez & Marsal. This boost in profitability…

The aggregate profit of banks operating in Saudi Arabia increased by 3.4 percent year on year in April to reach SR5.78 billion ($1.55 billion), according to the latest figures released by the Saudi Central Bank, also known as SAMA. The…

French prosecutors said they have put a Lebanese banker under formal investigation, the latest move in a cross-border probe looking into whether Lebanon’s central bank governor Riad Salameh, embezzled vast sums of public funds. The…

China's financial institutions are currently under investigation as part of an anti-corruption campaign, according to the country's Central Commission for Discipline Inspection. The CCDI has investigated over a dozen senior executives this…