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Banking and Finance

Banking and Finance latest

Bitget Protection Fund Averaged $735M in September, 145% Above Initial Allocation
October 24th, 2025 - 05:54 GMT

Bitget Protection Fund Averaged $735M in September, 145% Above Initial Allocation

Bitget, the world's largest Universal Exchange (UEX) today released its September 2025 Protection Fund Valuation Report, registering an average monthly valuation of $735,503,167, a level roughly 145% higher than the fund’s original $300 million allocation at launch in 2022. The fund peaked at $761,442,500 on September 18 and recorded a monthly low of $708,266,000 on September 24, reflecting steady strength through market fluctuations. Established in 2022 with a stated floor of $300 million, the Protection Fund is designed to provide a transparent, readily verifiable buffer for user assets during abnormal ...
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Latest KPMG study reveals dip in AI trust amid rising adoption
May 21st, 2025 - 05:58 GMT

Latest KPMG study reveals dip in AI trust amid rising adoption

Mashreq Unveils Next-Generation API Marketplace to Accelerate Digital Innovation
May 20th, 2025 - 10:08 GMT

Mashreq Unveils Next-Generation API Marketplace to Accelerate Digital Innovation

Islamic Development Bank Institute Releases 2024 Annual Report during the Islamic Development Bank (IsDB) Group Annual Meetings
May 20th, 2025 - 09:59 GMT

Islamic Development Bank Institute Releases 2024 Annual Report during the Islamic Development Bank (IsDB) Group Annual Meetings

Emirates NBD Partners with Majid Al Futtaim to Introduce the New SHARE Credit Card with Exclusive Rewards and Savings
May 19th, 2025 - 08:33 GMT

Emirates NBD Partners with Majid Al Futtaim to Introduce the New SHARE Credit Card with Exclusive Rewards and Savings

FAB first in MENA to adopt Oracle-Mastercard virtual card solution for B2B finance payments
May 19th, 2025 - 05:59 GMT

FAB first in MENA to adopt Oracle-Mastercard virtual card solution for B2B finance payments

Burgan Bank Reiterates Commitment to Women Empowerment at Kuwait Women’s Day Forum
May 18th, 2025 - 12:58 GMT

Burgan Bank Reiterates Commitment to Women Empowerment at Kuwait Women’s Day Forum

ADIB Accelerates Clean Energy Investment to advance net zero goals
May 18th, 2025 - 12:25 GMT

ADIB Accelerates Clean Energy Investment to advance net zero goals

NBB reports record attributable quarterly profit at bhd 28.1 million
May 14th, 2025 - 06:21 GMT

NBB reports record attributable quarterly profit at bhd 28.1 million

Gulf international bank reports 2025 first quarter results
May 14th, 2025 - 06:05 GMT

Gulf international bank reports 2025 first quarter results

bank ABC islamic reports strong q1 2025 net profit of $ 14.4 million
May 14th, 2025 - 04:24 GMT

bank ABC islamic reports strong q1 2025 net profit of $ 14.4 million

ila Bank partners with Mastercard to launch innovative solutions and expand into new markets
May 13th, 2025 - 08:13 GMT

ila Bank partners with Mastercard to launch innovative solutions and expand into new markets

Boursa Kuwait and Kuwait Clearing Company promote Kuwaiti capital market developments to London’s leading asset managers
May 13th, 2025 - 06:51 GMT

Boursa Kuwait and Kuwait Clearing Company promote Kuwaiti capital market developments to London’s leading asset managers

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