CEO Andrea Orcel says UniCredit is free to launch a fresh takeover offer — if the bank chooses to do so © Jose Sarmento Matos ...

Scammers know that US-based systems, such as the RTP network and FedNow, can move money in seconds, leaving banks far less ...

JPMorgan and private capital firm Partners Group have cancelled investor events in the United Arab Emirates as the ongoing ...

Shares in Close Brothers dropped more than 12 per cent on Monday after short seller Viceroy Research said the bank had misrepresented the compensation it may have to pay for mis-sold car loans under ...

Explosions rattled buildings in Dubai and a large cloud of smoke hung over a central area of the financial hub on Friday, AFP correspondents report. Sirens could be heard coming from the direction of ...

International and local banks across the Gulf region have closed branches and told staff to work from home after debris from an Iranian drone hit a building on the outskirts of the Dubai International ...

The meeting, established by HM Treasury and the PBoC as a follow-up to the UK-China Economic and Financial Dialogue, covered macroeconomic developments, financial supervision, regulatory co-operation, ...

The temporary lifting of sanctions against Russian oil by the US could create a two-tier system where the EU, UK and US are not aligned on sanctions, sowing confusion for banks and increasing the risk ...

Some 20 companies are said to have been earmarked for listing on the local stock exchange, with the remaining 40 to be transferred to the Sovereign Fund of Egypt in preparation for privatisation. The ...

After a five-year wait Revolut has secured a full UK banking licence, which industry experts believe will upend the market and pile pressure on the country’s big four banks. The award is the moment ...

Citigroup has experienced the largest fall among banks in a global ranking of gender equality covering 3,500 companies. Its ...

The US-Israeli war with Iran has entered its 16th day and it is clear Dubai is becoming a serious casualty of the conflict. On Friday we reported that the hub was struck by debris from an intercepted ...