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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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Burgan Bank Celebrates 15 Employees’ Graduation from KIBS Certification Programs
May 4th, 2025 - 04:30 GMT

Burgan Bank Celebrates 15 Employees’ Graduation from KIBS Certification Programs

The Future is Here: Visa Announces New Era of Commerce Featuring AI
May 1st, 2025 - 09:57 GMT

The Future is Here: Visa Announces New Era of Commerce Featuring AI

KPMG publishes latest report comparing Kuwait’s leading listed banks’ financial performance; anticipates top trends for the banking sector
April 30th, 2025 - 08:54 GMT

KPMG publishes latest report comparing Kuwait’s leading listed banks’ financial performance; anticipates top trends for the banking sector

ADCB reports 20% YoY rise in profit before tax to AED 2.907 bn in Q1’25, with net profit after tax(1)  at AED 2.446 bn
April 30th, 2025 - 05:01 GMT

ADCB reports 20% YoY rise in profit before tax to AED 2.907 bn in Q1’25, with net profit after tax(1) at AED 2.446 bn

KIB emphasizes the importance of saving and investing as core elements of a secure banking experience
April 29th, 2025 - 11:31 GMT

KIB emphasizes the importance of saving and investing as core elements of a secure banking experience

FAB delivers record Q1’25 results with total income of AED 8.81 billion. 23% rise in net profit to AED 5.13 billion
April 29th, 2025 - 04:34 GMT

FAB delivers record Q1’25 results with total income of AED 8.81 billion. 23% rise in net profit to AED 5.13 billion

KPMG publishes latest report comparing Kuwait’s leading listed banks’ financial performance; anticipates top trends for the banking sector
April 28th, 2025 - 02:17 GMT

KPMG publishes latest report comparing Kuwait’s leading listed banks’ financial performance; anticipates top trends for the banking sector

KIB Invest Launches Islamic KD Money Market Fund
April 27th, 2025 - 07:56 GMT

KIB Invest Launches Islamic KD Money Market Fund

Arab Bank Group Profits Grow by 7 % to $ 271 Million for the First Quarter of 2025
April 27th, 2025 - 07:49 GMT

Arab Bank Group Profits Grow by 7 % to $ 271 Million for the First Quarter of 2025

Burgan Bank Renews its Participation in AUK’s Annual Career Fair
April 27th, 2025 - 07:11 GMT

Burgan Bank Renews its Participation in AUK’s Annual Career Fair

Boursa Kuwait concludes strategic IR workshops highlighting global trends
April 27th, 2025 - 06:51 GMT

Boursa Kuwait concludes strategic IR workshops highlighting global trends

NBB Announces Participation as a Platinum Sponsor in the Innovation Summit in Social Housing 2025 with the Introduction of the New Tas’heel+ Mortgage Financing Product
April 24th, 2025 - 06:58 GMT

NBB Announces Participation as a Platinum Sponsor in the Innovation Summit in Social Housing 2025 with the Introduction of the New Tas’heel+ Mortgage Financing Product

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