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Keywords: Financial services
Emirates NBD has signed a definitive agreement to acquire the retail banking business of HSBC Egypt, strengthening its position in one of the Middle East and North Africa region's largest banking markets. The transaction will be carried out through Emirates NBD Egypt, the Dubai-based banking group's......
Visa is reportedly preparing to eliminate around 2,600 positions as part of a broader restructuring plan aimed at improving operational efficiency and redirecting investment toward areas with stronger growth potential, according to an internal memo cited by Bloomberg. The planned workforce reduction......
The Dubai International Financial Centre (DIFC) has surpassed 10,000 active companies for the first time in its history, highlighting the continued expansion of Dubai's financial and business ecosystem. The milestone was reached during the first half of 2025, with the number of registered companies......
X has taken another significant step toward becoming an all-in-one digital platform by introducing a financial offering that combines interest-bearing accounts with peer-to-peer payment capabilities. The latest move reflects Elon Musk's long-term ambition to transform the social media network into......
HSBC Holdings is expanding its investment in artificial intelligence as the banking group prepares to establish a new global AI hub in Singapore and recruit more than 100 specialists to support its technology ambitions. The initiative reflects the growing role of artificial intelligence in the financial......
Sanlam Emerging Markets has increased its ownership of Sanlam Maroc to 88.63% following a capital increase linked to the merger by absorption of Allianz Maroc. The transaction marks another step in the group's strategy to consolidate its position in Morocco's insurance market after integrating......
South Korea's financial authorities have announced tighter regulations on leveraged exchange-traded funds (ETFs) linked to individual companies, responding to concerns that the rapidly growing investment products have amplified volatility in the country's equity market. The new measures target......
The United Kingdom and Switzerland have signed a new trade agreement aimed at strengthening cooperation in services, digital commerce and professional mobility, marking one of the most significant bilateral economic accords between the two countries since Brexit. Announced in Bern on Monday, the agreement......
Wall Street's biggest banks are rapidly expanding their use of artificial intelligence-powered digital assistants as they seek to improve efficiency, streamline operations and gain a competitive advantage in an increasingly technology-driven financial sector. From wealth management and customer......