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RAKBANK posts record Q1 profit of Dh1 billion on strong lending, one-off gains

Dubai: The National Bank of Ras Al Khaimah (RAKBANK) reported a record quarterly profit after tax of Dh1 billion for the first quarter of 2026, marking a 43% increase year-on-year, driven by strong balance sheet growth and a one-off gain from a business divestment.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The earnings were supported by a gain of Dh473 million from the sale of its merchant acquiring business, alongside what the bank described as an indust...

'A win-win for both nations!' Three-day India-US trade talks to begin this week

India and the US are resuming trade negotiations in Washington DC from April 20-22 to discuss the first phase of their bilateral trade agreement. The talks are being held under a revised framework following recent shifts in the US tariff regime, which have reduced India's previous trade advantages and necessitate recalibration of the agreement.

Carney: Canada’s economic ties with US now a weakness

Canadian Prime Minister Mark Carney on Sunday said the country’s economic ties to the U.S. have become a “weakness,” pointing to global uncertainty caused by President Trump’s trade and tariff policies. “The world is more dangerous and divided. The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during…

BNP Paribas’ Bigos: Growth Drivers vs. Volatility

Ecaterina Bigos, CIO for Core Investments Asia ex-Japan at BNP Paribas Asset Management, discussed the current market environment characterized by volatility and geopolitical uncertainty, they largely assume oil prices will stabilize between $80 and $90 by mid-summer, emphasized the 'structural advantage' seen in sectors benefiting from long-term growth drivers, particularly technology supported by AI-related capital expenditure, which has experienced notable rerating and is expected to sustain...

1074% रिटर्न दे चुका है अडानी का ये शेयर, अब आया बड़ा टारगेट!

Pakistan fears major power shortfall

PakistanPakistan fears major power shortfallBy Web Desk-Apr 20, 2026ISLAMABAD: The Power Division of Pakistan has warned of a potential surge in electricity shortages as rising temperatures drive up demand across the country. In a formal letter to the Petroleum Division of Pakistan, officials from the Power Division have requested the urgent supply of 400 MMCFD per day of liquefied natural gas (LNG) to boost power generation. The move comes as authorities scramble to manage increased electricity...

United merger with American Airlines would hurt consumers, senators say

MoneyWatch United Airlines merger with American Airlines would hurt consumers, senators say .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham April 20, 2026 / 10:17 AM EDT / CBS News Add CBS News on Go...

Treasury Yields Rise Amid Inflation Concerns: Deepali Bhargava

Deepali Bhargava, Head of Research and Chief APAC Economist at ING, highlights recent upward movement in U.S. Treasury yields across two, ten, and thirty-year maturities, driven by concerns over higher inflation and slower economic growth. Despite geopolitical tensions, the Treasury market appears skeptical of optimistic peace narratives. (Source: Bloomberg)

EQB Inc. Looks to Sell C$200M Limited Recourse Capital Notes

Canada’s EQB Inc., a bank holding company, is preparing to sell around C$200 million ($146 million) of additional tier one securities as soon as Monday, according to people with knowledge of the matter.

How money is talking as Fitzpatrick turns up volume

How money is talking as Fitzpatrick turns up volumeTo play this video you need to enable JavaScript in your browser.This video can not be playedMedia caption, Fitzpatrick beats Scheffler in play-off to win Heritage titlePublished11 minutes ago2 CommentsGolf but louder has been LIV's tagline as it has tried to become a big noise in the sport, but the decibel level was appreciably higher when Matt Fitzpatrick brought down Scottie Scheffler on the PGA Tour last Sunday.While a disco thrum gave...

Cars no longer hit by 'luxury vehicle tax' include Audi, BMW, Skoda as new threshold takes effect

Cars no longer hit by 'luxury vehicle tax' include Audi, BMW, Skoda as new threshold takes effectAt least 475,836 drivers will benefit from the UK EV tax exemption 2026, saving £425 a year on the expensive car supplement, according to new researchCommentsMoneySteven Smith Content Editor15:05, 20 Apr 2026Updated 15:09, 20 Apr 2026View 3 ImagesMG IM6(Image: MG IM6/Newspress)A shake-up in car tax regulations coming into effect in April 2026 means that owners of certain higher-priced vehic...

What are today's mortgage interest rates: April 20, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 20, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He wri...

Democrats urged to link clean energy to affordability as Iran war hikes up prices

Climate leaders say Democrats need to extol clean energy as a way to cut costs for Americans as war roils oil marketsDemocrats should get louder in championing clean energy’s affordability and resilience from global shocks, according to some of the party’s leading voices on the climate.As the Iran war roils economies by raising the cost of oil and gas, countries are aiming to accelerate their shift to cleaner energy. But in the US, Donald Trump has sought to kill off any alternative to fossil fu...

‘Hormuz moment’ could herald decline of US dominance: Citic Securities analysts

With global attention fixed on the US and Iranian shipping blockades in the Strait of Hormuz and how many vessels have traversed the critically important waterway, a leading Chinese investment bank has been calculating the long-term gains and losses and how they could rewrite the global economic order. The United States was on the horns of a dilemma over the strait that might herald an acceleration of Washington’s strategic retreat and its increasingly transactional relationships with other...

Supreme Court takes up religious liberty case over Colorado's preschool program

Politics Supreme Court takes up religious liberty case over Colorado's universal preschool program By Melissa Quinn Melissa Quinn Senior Reporter, Politics Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. Read Full Bio Melissa Quinn April 20, 2026 / 9:59 AM EDT / CBS News Add CBS News on Google Washington — The Supreme Court on Monday said it will consider an appeal from Catholic preschools in Colorado...

Morocco’s Al Barid Bank Denies Data Breach, Says Customer Accounts Remain Secure

Casablanca – Al Barid Bank reassured customers on Sunday after reports of a possible data leak began circulating online, saying its systems remain secure and no sensitive information has been compromised. In a statement, the bank said initial technical investigations found that the data referenced in the alleged leak “does not carry a sensitive nature” and cannot be used to access customer accounts or bank cards. It added that all accounts and payment cards remain fully safe. The response came a...

The Hidden Geoeconomics of Morocco–EU ties: Strategic Necessity, Silent Friction

The latest wars in the world have one thing in common; they powerfully illustrate not only the importance of AI and new military technologies like drones but also the importance of geoeconomic power and its levers, whether it is to strengthen military power or to compensate for strategic weaknesses in the face of a more powerful or resilient adversary. Bogged down in southern Ukraine and having failed to achieve its declared objectives of regime change in Kiev, Russia would have instrumentalized...

Major progress in Punjab shrimp farming projects under Blue Economy Initiative

PakistanMajor progress in Punjab shrimp farming projects under Blue Economy InitiativeBy Web Desk-Apr 20, 2026LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has reaffirmed her commitment to transforming barren lands across the province into productive economic zones under the Blue Economy Programme, with significant progress reported on shrimp farming and aquaculture projects, ARY News reported. According to official details, major infrastructure development is underway at shrimp farming site...

Colombia Kicks Off Third Global Bond Buyback Ahead of Elections

Colombia is buying back some of its outstanding global bonds, its third such operation in the past year, as part of a broader strategy to reduce borrowing costs weeks ahead of a tight presidential race.

Greens ‘have welcomed’ people expelled by Labour for antisemitism, Steve Reed claims

Housing secretary also targets Reform as May elections loom, saying Farage more interested in Trump than own constituencyThe Greens have welcomed activists kicked out of Labour for antisemitic views and people should be “very careful” who they vote for next month, one of Keir Starmer’s most senior ministers has said in a notable stepping-up of attacks on Zack Polanski’s party.In a double-pronged attack on the two parties expected to make big gains in the elections on 7 May, Steve Reed also accus...