Latest news and articles about financial sector from NEX English
Capital Bank has announced its membership in the Partnership for Carbon Accounting Financials (PCAF), aimed at enhancing carbon footprint measurement. This move reflects the bank's commitment to environmental sustainability and achieving sustainable development goals.
Dubai has announced a new partnership aimed at equipping Emiratis with the necessary skills to tackle challenges in the financial job market. This initiative is part of the emirate's efforts to enhance local skills and meet the growing market demands.
Maan bin Mohammed Al Khamsan, CEO of the Financial Academy, stated that the Saudi financial sector is undergoing a rapid transformation, with 70% of jobs expected to be reshaped in the next five years due to digitalization and artificial intelligence.
Several major Chinese banks have announced the restoration of employee bonuses or salary cuts due to a slow economic recovery and ongoing scrutiny from Beijing on the financial sector. Reports indicate that an increasing number of banks, including state-owned institutions, are disclosing amounts recovered from performance compensation.
Cathay Financial Holdings has announced a long-term strategic partnership with OpenAI to enhance its artificial intelligence capabilities. This collaboration marks a significant shift in how financial institutions utilize modern technology in their operations.
Gulf General Cooperative Insurance has announced its financial results for the third quarter of the year, showing a significant increase in revenues compared to the same period last year. These results reflect the company's improved financial performance and effective market strategy.
Citi Bank has announced new targets aimed at increasing net revenues and the value of assets trusted by clients, following a decline in its performance compared to its Wall Street peers. This strategic move comes as the bank reassesses its strategies in a competitive financial landscape.
VT Markets held the APAC 2026 summit in Bangkok, highlighting the company's rapid growth in the Asia-Pacific region. The event featured financial sector leaders and reaffirmed VT Markets' commitment to enhancing partnerships and expanding its services.
AICPA, CIMA, and PLM Financial Advisory have announced the launch of a new think tank aimed at enhancing Emirati employment in the financial sector. This initiative supports the UAE Financial Academy and focuses on developing citizens' skills in this field.
Members of the Indonesian Parliament's Finance Committee revealed a proposal to eliminate fees imposed by the Financial Services Authority (OJK) on the financial services sector. This proposal arises during discussions to amend the law governing the development and enhancement of the financial sector.
Fawzi Amr, Vice Chairman of the Indonesian Parliament's Finance Committee, proposed making the formation of a selection committee for the Financial Services Authority (OJK) and the Deposit Insurance Corporation (LPS) optional in the amendment of the P2SK Law. This proposal aims to ensure leadership stability in the market amid current circumstances.
The Indonesian Financial Services Authority reports that the financial sector remains stable until March 2026, despite rising global conflicts. This was announced during a press conference by the head of the authority, emphasizing the importance of risk assessment in the current climate.
Malaysian Prime Minister <strong>Anwar Ibrahim</strong> emphasized the need to continue economic reforms to strengthen the country's economic foundations during a scientific forum organized by the Ministry of Higher Education in collaboration with <strong>Bank Negara Malaysia</strong>.
The Egyptian Stock Exchange is working with the Education Quality Authority to develop accredited programs in the financial sector, aiming to enhance the necessary skills and competencies in the financial market.
The Qatar Central Bank has announced a three-month delay on loan installments to enhance the financial sector's resilience. This decision reflects the bank's commitment to maintaining financial stability amid geopolitical challenges.
Executives in the UAE financial sector assert that it can withstand the potential impacts of the Iranian war amidst rising regional tensions. This raises questions about the stability of financial markets in the UAE.
Al Ansari Financial Services announced a profit of <strong>401 million dirhams</strong> for the year 2025, reflecting the success of its expansion strategies in the market. This achievement highlights the company's strong performance amidst global economic challenges.
Société Générale has announced a new policy permitting its traders to work from home in case of disruptions at main offices. This decision reflects the bank's adaptation to the changing conditions in the work environment.
The Saudi financial sector has undergone a significant digital transformation, shifting from cash reliance to electronic transactions. However, it now faces new challenges in implementing modern systems and enhancing innovation.
The banking assets in the UAE have shown a positive performance, increasing by <strong>1.4%</strong> to reach <strong>5.41 trillion dirhams</strong> by the end of January 2026, according to the Central Bank report.
The Bank of England has imposed a fine of <strong>£2 million</strong> on fintech company Fintech, which includes prominent members such as <strong>Peter Mandelson</strong> and <strong>Harvey Schwartz</strong>, for utilizing forged documents. This decision is part of the central bank's efforts to enhance transparency and integrity in the financial sector.
China's top anti-graft agency has launched a new investigation into a senior official at the country's main financial regulator, marking the latest move in a campaign to root out corruption in the financial sector, which is worth $69 trillion.