Fitch Ratings affirmed the UAE’s Long-Term Issuer Default Ratings at ‘AA-’ with a stable outlook, citing the country’s low consolidated government debt, strong external asset position and high per-capita income despite heightened regional geopolitical risks. In its latest report,...
Africa’s trade finance gap has widened to more than US$74bn, underlining the pressure facing exporters, importers and banks across the continent. The African Development Bank warned that the shortfall has grown as international banks reduce correspondent relationships and domestic lenders...
The UAE’s economy expanded by 6.2 percent year on year in 2025 to reach 1.9 trillion dirhams ($517 billion), driven by strong gains in the country’s non-oil sector. According to official data from the Federal Competitiveness and Statistics Center, the...
The bank reported profit growth, raised its quarterly dividend on Wednesday. The chief executive of the Bank of Nova Scotia says he’s optimistic the Canadian economy will turn a corner despite macroeconomic challenges, as the bank reported profit growth and...
According to World Bank estimates, this is three times the amount raised in 2016 (less than $30 billion). The World Bank documents 87 active policies worldwide and notes that coverage could approach one-third of global emissions if more emerging...
The bank attributed the increase to supportive market movements and SFr 3bn in net new money. Julius Baer has reported assets under management of SFr 528bn ($672.5bn) in the first four months of 2026, representing a 1% rise from the...
Bank raises quarterly dividend to $1.76 per share. Royal Bank of Canada says it’s maintaining a cautious outlook on credit despite analysts praising its performance last quarter, which saw the bank cut funds set aside for bad loans. It comes as...
Wealth management and insurance business earned $837M, up from $707M. TD Bank Group says it has made progress on implementing measures meant to combat money laundering risks as it expects to spend upwards of $500 million this year on those...
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms. Citi Investor Services has enabled financial information exchange (FIX) API connectivity for its Asia Pacific ETF clients on ACES (Advanced Citi ETF System), the...
The credit rating agency Moody’s has reaffirmed Saudi Arabia’s credit rating at “Aa3” with a “stable” outlook. The agency mentioned that the affirmation at Aa3 reflects Saudi Arabia’s large and wealthy economy, supported by its vast hydrocarbon endowment, and highly...
