financial sector

Omani Banks Receive Fitch Ratings Upgrade; A Positive Turn for the Banking Sector

Fitch Ratings has recently upgraded five major Omani banks' long-term issuer default ratings (IDRs). Bank Muscat, BankDhofar, NBO, Ahlibank, and…

2 years ago

Jordanian Dinar Shows Resilience; Exchange Rate Trends in 2022

The Jordanian Dinar showcased its resilience in 2022, with a notable rise in its exchange rate against major global currencies.…

2 years ago

Wirecard Scandal Unravels, EY Faces Scrutiny for Gullibility in Audit

The Wirecard scandal is a cautionary tale for the financial world, shedding light on the potential consequences of lax oversight…

2 years ago

SEBI Aims to Streamline Grievance Redressal for Investors in India’s Financial Markets

SEBI, the guardian of India's financial markets, is taking bold steps to empower investors and ensure their grievances are swiftly…

2 years ago

The Monetary Authority of Singapore (MAS) Strengthens Insurance Deposit Coverage

Singapore has taken a significant step to fortify its banking system and safeguard small depositors with increased deposit insurance coverage.…

2 years ago

Singapore’s Central Bank Penalize Major Financial Institutions for Anti-Money Laundering Breaches

Singapore's central bank, the Monetary Authority of Singapore (MAS), has imposed fines totaling S$3.8 million on leading financial institutions Citibank,…

2 years ago

Gulf Bank Employees Recognized and Empowered in KFAS Innovation Challenge Program

Gulf Bank's recent recognition of its employees' participation in the KFAS Innovation Challenge Program reflects the organization's unwavering commitment to…

2 years ago

US FED Hikes Interest Rate for Tenth Time in a Row

The US Federal Reserve (US FED) has hiked interest rates for the tenth time in a row, bringing the key…

3 years ago

Euro zone banks not facing up to reality of downturn, ECB says

Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors…

3 years ago

Singapore announces 2022 budget proposals

Following are some excerpts taken from Singapore's 2022 budget proposals announced by Finance Minister Lawrence Wong to parliament on Friday.

4 years ago