The nation's largest bank by assets earned a profit of $8.3 billion in its first quarter, down from a profit of $14.3 billion, in the same period a year earlier.
DeFi aims to revolutionise banking by allowing anyone with internet access to lend and borrow without going through a middleman. Is it the future of finance?
The country continues to ease restrictions as the rate of new Covid-19 cases in Pakistan leapt from around 2,000-3,000 a day in late May to as high as 6,800 a day in mid-June and deaths are nearing 150 a day.
President Erdogan says Islamic tools offer a "key" to get out of global economic woes triggered by coronavirus pandemic, while vowing to make Istanbul centre of Islamic economy.
Ukraine will receive an immediate disbursement of about $2.1 billion from the 18-month Stand-By Arrangement, the IMF said in a statement.
Protests erupted in Suweida over deteriorating living standards, as Assad struggles to keep the economy afloat.
Experts say such threats are not new to the country and its banking regulator knows how to deal with such unethical financial conduct.
Hezbollah has launched its own battle against the coronavirus, one that works alongside the Lebanese government’s response.
Islamic finance – an amalgamation of Sharia law and modern banking – has become a $2 trillion business over the past two decades, covering everything from bonds to buying cars.
The pandemic provides a chance for the US to reassess its financial warfare against Iran and generate some goodwill.
The Federal Reserve took emergency action to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds.
US President Donald Trump’s Europe travel ban announced sent all three major US stock indexes into a tailspin, slamming the book on the longest-running US bull market on record.
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