Banking

softbank Group Corp.’s first-quarter profit rose 19 percent as proceeds from selling part of its stake in Alibaba Group Holding Ltd. helped offset losses...

London: Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to...

Muscat: Bank Sohar said that the bank’s board has decided to appoint Sasi Kumar, who is presently working as general manager, in the position of acting...

Muscat: Bank Dhofar and Bank Sohar have reached a swap ratio of one share of BankDhofar in exchange of 1.29 shares of Bank Sohar for merging both financial...

Doha: Borrowers and investors across the Gulf region are adjusting to a new landscape following the region’s biggest-ever bond sale. Qatar sold $9 billion...

Muscat: Headwinds from significant fiscal consolidation coupled with the repercussions of a tighter monetary policy and liquidity squeeze are two of the...

Mumbai: ICICI Bank, India’s second-largest lender by assets, reported the biggest drop in quarterly profit in at least 15 years after setting aside...

Singapore: Singapore charged a former wealth manager at Swiss-based private bank BSI with cheating and obstructing justice on Thursday in a case related to...

Tokyo: Having adopted a negative interest rate on some excess reserves to penalise financial institutions for leaving money idle, the Bank of Japan (BOJ)...

Muscat: Growth of Islamic banking in Oman is an incredible phenomenon says an official of the alizz islamic bank. “Islamic banking has been introduced in...