Tuesday , 16 December 2025

Recent Posts

Samsung’s Galaxy S9, S9+ launches in UAE

Dubai / Emirates Business Samsung Gulf Electronics Co. introduced to the UAE the Samsung Galaxy S9 and S9+, the smartphones that reimagine the way people communicate, share and experience the world. The launch event took place at The Sofitel Dubai The Palm Resort & Spa. Made for an age in which consumers increasingly communicate and express themselves more with images, …

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ECB turns spotlight on riskiest assets at European banks

Bloomberg European Central Bank President Mario Draghi turned a spotlight on banks’ riskiest assets when he said they need to reduce their holdings of hard-to-value investments. A decade after the financial crisis, lenders in the region are still sitting on billions of dollars of illiquid holdings that could include the kind of mortgage-backed bonds and bespoke derivatives that sank lenders …

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Fintech poses ‘do or die’ threat for second-largest Thai bank

Bloomberg Siam Commercial Bank Pcl, Thailand’s second-largest lender, is going digital and slashing branches and headcount in a bid to survive competition from emerging financial players. “Even though we are a large bank, we think of it as do or die,” Chief Strategy Officer Arak Sutivong said in an interview, referring to a $1 billion technology investment program and its …

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