Deutsche Bank AG and Signature Bank, two of Donald Trump’s favored lenders, are pulling away from the billionaire president in the wake of last week’s deadly riot at the U.S. Capitol.
UAE’s First Abu Dhabi Bank (FAB), Abu Dhabi’s biggest lender, has issued a $500m five-year sukuk, which is the lowest-ever yield on any five-year MENA bank USD issuance, issued at MS+90bps (all-in yield of 1.411 per cent) through FAB Sukuk Company Limited.
Al Salam Bank-Bahrain (Al Salam Bank), a leading regional Islamic bank and provider of a comprehensive range of innovative and unique Shari’a-compliant financial products and services, recently held its annual Town Hall event virtually in order to share the Bank’s key milestones and success stories ...
The Commercial International Bank - Egypt (CIB) intends to continue tapping the market, Enterprise reported. The listed bank is “very bullish” on the outlook for Egyptian securitized bonds, the news portal cited sources at CIB.
The Mastercard Economics Institute has released Economy 2021 - a global outlook report providing detailed analysis of the economic impact of COVID-19 including permanent changes in digital consumer spending habits, growth of online banking, fintech disruption and opportunities to boost financial inclusion.
Zain Group has announced that Tamam Financing Company, the fintech subsidiary of its operation in Saudi Arabia, has been officially licensed by the Saudi Central Bank to provide micro-financing services to consumers across the kingdom.
The shares of QLM were listed under the symbol “QLMI” in the insurance sector, where the share price was floated on the first trading day. QLM’s stock price closed at QAR 3.90, which represented a 24% jump over the IPO price of QAR 3.15
Middle East stocks closed higher on Sunday following Friday's rise in global equities and a jump in oil prices, with Egyptian shares outperforming after the International Monetary Fund forecast better economic growth for the country.
The capital hike processes were implemented by way of a rights issue, issuance of bonus share, or acquisitions, with the aim to expand the companies’ business size, raise growth rates, support capital base, or enhance resources.
After months of necessary WFH implementation, business executives as well as workers are assessing its long-term potential and shaping their opinions on it. Will it last, once the public health emergency is over?
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