Trade corridors link Gulf liquidity with fast-growing economies. The Islamic finance industry now holds approximately $6t in assets across nearly 100 jurisdictions, emerging as a major driver of international capital flows, trade finance, and digital infrastructure amid shifts in global...
Net interest income eased 2% YoY in a lower interest rate environment. UOB Group’s net profit rose 10% year-on-year (YoY) to $1.5b in the second quarter of the year (Q2). The bank said net interest income eased 2% from the previous...
Total income rose 18% to $4.17b during the quarter. Oversea-Chinese Banking Corporation Limited’s (OCBC) net profit grew 22% to $2.22b in the second quarter of 2026, up from $1.82b a year earlier. Total income increased 18% to $4.17b. However, net interest...
UAE leads Middle East for investments in the precious metal in the second quarter, World Gold Council says. Central banks bought a record 289 tonnes of gold in the second quarter, a 74 per cent annual increase, as geopolitical uncertainty...
Commercial lenders may need tighter internal models to contain interest rate exposure. Chinese banks could face greater volatility in lending yields as they increasingly price loans using interbank rates, requiring stronger asset and liability management to manage interest rate risks. Banks...
The earnings beat the S$2.88 billion consensus forecast in a Bloomberg survey of analysts as the bank declares a S$0.81 dividend per share DBS’ net profit for its second quarter rose as higher non-interest income – including a surge in...
Indonesia’s economy expanded faster than expected in the second quarter, with robust household spending and investment providing a cushion from a challenging global backdrop. The rupiah gained. Gross domestic product (GDP) rose 5.29% from a year earlier, Indonesia’s statistics agency...
Spanish steelmaker Hydnum Steel has secured a EUR 150 million investment commitment from Spain's state-owned development finance institution, COFIDES, to support the construction of what is planned to be the Iberian Peninsula's first clean steel plant. The facility, to be...
It reported a pre-tax profit of VND13.2t (US$505m). The Ho Chi Minh City Development Joint Stock Commercial Bank reported a pre-tax profit of VND13.2t (US$505m) in the first-half of 2026, reflecting a 31% year-on-year growth. Amongst its subsidiaries, HD SAISON posted...
In Uzbekistan, the volume of investment in fixed capital from all sources of financing totaled USD 28,4 billion (338.9 trillion soums) in January–June 2026, the National Statistics Committee reported. Compared to the same period last year, the indicator grew...
