Dubai’s family offices control more than US$1 trillion in assets. Pacific Investment Management Co (Pimco) opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East. The Newport Beach, California-based firm, which manages around...
Siguler Guff & Company has reported a record quarter of deal activity across its ‘tactical credit’ investment strategy at the end of last year. The strategy focuses on private credit across specialty finance and corporate lending, with the flexibility to...
Zeta has raised USD 50 million in a strategic investment round, bringing its valuation to USD 2 billion. This marks a significant increase from its pre-money valuation of USD 1.15 billion in 2021, when it secured USD 250 million from...
Dutch cooperative bank Rabobank on Tuesday reported a record net profit of 5.16 billion euros for 2024, up 18% from 4.38 billion euros in 2023, helped by higher interest rates in the U.S. and Europe, higher fees and commissions...
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four...
Banca Generali exceeded analyst expectations on Monday with a 32% jump in 2024 net profit to 431.2 million euros. The private bank controlled by Italy's top insurer Generali, opens new tab proposed a dividend of 2.80 euros per share, with...
DBS Bank Limited hit a record performance in 2024, with net profit rising 11% year-on-year (YoY) to S$11.4b (approximately US$8.4b), its latest financial results showed. For Q4, net profit grew 10% YoY to S$2.62b (US$1.93b). For 2025, incumbent CEO Piyush Gupta...
The Spanish banking group’s total income rose by 10% to €16bn during the quarter. Banco Santander has reported an increase of 11% in its profit to €3.26bn for the fourth quarter of 2024 (Q4 2024), compared to the profit in...
Dubai’s economy continued its strong upward growth trajectory, with Gross Domestic Product (GDP) in the first nine months of 2024 rising 3.1% from the same period in 2023 to reach AED339.4 billion ($92.3 billion). The surge highlights significant strides...
Croatia's economic performance in December suggests an annual GDP growth rate of 3.7% last year, the Institute of Economics Zagreb (EIZ), a local think-tank, said. The EIZ estimate is based on the EIZ Coincident Economic Index (CEIZ), which decreased by...
