Tag: Banks

Combined capital, reserves of UAE banks surpass Dh500b

The combined capital and reserves of banks operating in the UAE surpassed the Dh500 billion mark at the end of February 2024, according to...

Goldman Sachs removes bankers’ bonus limit

The investment bank Goldman Sachs has become the first to remove its cap on bankers' bonuses following changes to UK laws introduced last year. The...

4 UAE banks help raise Dh4.25-billion syndicated loan for Africa

Four UAE banks helped Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, raise a $1.16-billion (Dh4.25-billion) syndicated loan. In addition to UAE...

Dubai: Will customers pay more after 20% new tax on foreign banks?

Analysts hold differing opinions when assessing the impact of the recent announcement of a 20 per cent tax on foreign banks' income in Dubai. Some argue...

UAE: More than Dh113 million in fines imposed on banks, exchange houses in 2023

The Central Bank of the UAE (CBUAE) carried out 181 field examinations of licensed financial institutions in 2023. It plans to further expand its...

Iraq bans 8 local banks from US dollar transactions

Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...