Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced on Thursday that it has been named the safest bank for 2022 by New York based trade publication Global Finance Magazine, marking the first time the bank has achieved this accolade. Adib was recognised at the awards ceremony held in conjunction with the 2022 ...

Reality has undone Trussonomics in a few short weeks. Incoming Chancellor of the Exchequer Jeremy Hunt has wasted no time putting his predecessor Kwasi Kwarteng’s tax cuts to the sword. While it’s never a good look for your economic policies to be dictated by swings in the financial markets, a full 180-degree switch was required to draw a line under ...

  Adjustable-rate mortgages, or ARMs, have a bad reputation with homebuyers who have long viewed them as a dangerous financial trap. But with rates on fixed-rate mortgages more than doubling in the past year, some borrowers are taking a second look. The idea of paying less now in exchange for the risk of paying more later seems reasonable if you ...