The UAE’s real GDP posted a significant growth of 3.8% during the first nine months of 2024 compared to the same period in 2023, reaching AED1.322 trillion ($359 billion), according to data released by Ministry of Economy. This growth was...
Global dividends grew to a record $1.75 trillion in 2024, according to the Janus Henderson Global Dividend Index, up 6.6% on an underlying basis. Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar. The result...
Saudi Arabia’s real GDP grew by 4.4% y-o-y in Q4 2024, the highest growth rate in two years, driven by a 4.6% rise in non-oil GDP, while oil GDP also increased by 3.4%, according to estimates by GASAT. Saudi Arabia...
Customers invested over S$42m in sustainable funds. DBS' sustainable financing commitments as of end-2024 saw US$66.75b (S$89b), up 27.1% up 27.1% from a year ago, its latest sustainability report showed. It also facilitated US$28.5b (S$38b) in sustainable bond issuances. The bank expanded...
Higher defence demands will pressure government balance sheets, dent confidence, Moody’s warns. The U.S. move away from its traditional allies in Europe raises geopolitical risks to sovereign credit ratings, and may weigh on economic growth, Moody’s Ratings said in a...
US custodian bank State Street Corporation is buying the overseas custody business of Japanese banking and financial conglomerate Mizuho Financial Group for an undisclosed sum. Mizuho Group had more than US$600 billion of overseas assets as of end-2024, comprising $580...
MUFG Bank, Ltd. (MUFG), Japan’s leading financial institution, has successfully executed its first fully digital trade finance transaction from its GIFT City Branch for a subsidiary of Tata International Limited, the global trading arm of the Tata Group. This...
Abu Dhabi sovereign wealth fund ADQ and Australia’s Plenary Group have formed a co-investment platform that will focus on opportunities in public infrastructure across the Middle East and central Asia. The move comes almost a year after ADQ paid A$1...
They’ve proposed a second interim dividend of 20 sen per share. CIMB saw its net profit rise 10.7% YoY to $1.71b (MYR7.73b) in 2024, according to a press release. Earnings per share is 72.3 sen for the period. The group has also...
Full-year dividend is 61 sen per share. Maybank reported a net profit of MYR10.09b (US$2.27b) for FY2024, a 7.9% year-on-year (YoY) increase, thanks to strong operating income and improvement in net impairment provisions. Profit before tax rose 9.3% YoY to MYR13.7b...
