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UAEs EDB Issues $750 Million Bond, Under New Debt Law

Banking - Published date: .

Emirates Development Bank (EDB) has issued its debut $750 million five-year bond, becoming the first federal entity to ... Read more

EFG-Hermes Weighs South East Asian Expansion

Banking - Published date: .

(Bloomberg) --EFG-Hermes Holding is considering an expansion into South East Asia as Egypt’s biggest investment bank ... Read more

Sheikh Hamdan Bin Mohammed Approves Dubai Silk Road Strategy

Banking - Published date: .

The Crown Prince of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has approved the Dubai Silk Road stra... Read more

National Bank Oman Cancels Merger Talks With Bank Dhofar

Banking - Published date: .

The National Bank of Oman (NBO) and Bank Dhofar have mutually agreed to cancel discussions for a proposed merger after ... Read more

Iran Plans To Merge Five Banks With State-owned Bank Sepah

Banking - Published date: .

(Bloomberg) --Iran will merge five lenders into state-run Bank Sepah. In a statement, the central bank stated that Bank... Read more

DGCX Launches Aluminium And Zinc Futures

Banking - Published date: .

The Dubai Gold and Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) have announced plans t... Read more

B+ Ratings Affirmed For Egypt

Banking - Published date: .

Capital Intelligence Ratings (CI Ratings) has affirmed B+ long-term foreign currency (LT FC) and long-term local curren... Read more

Turkish Lira To Sink 40 Per Cent By Third Quarter Of 2019, TD Securities

Banking - Published date: .

(Bloomberg) --TD Securities is defying market consensus to predict another crisis in Turkey’s lira. This is in contra... Read more

Saudi Market Cross-listing Regulations Expected In Q2 2019

Banking - Published date: .

Regulations to allow companies from other Gulf countries to list on the Saudi Stock Exchange are expected to be finalis... Read more

Uber In Advanced Talks To Acquire UAE-based Careem

Banking - Published date: .

(Bloomberg) --Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, a deal that w... Read more

Tadawul Expects Around $20 Billion In Passive Fund Inflows In 2019

Banking - Published date: .

The Chief Executive of Tadawul said that the Kingdom’s stock exchange expects passive fund inflows of $15 to $20 bill... Read more

Kuwait Mulls $10 Billion Investment Fund With China

Banking - Published date: .

(Bloomberg) --Kuwait is planning to create a $10 billion fund with China to invest in the two countries. The investment... Read more

Turkey Seeks Funding To Bolster State-owned Banks

Banking - Published date: .

(Bloomberg) --Turkey is working on a plan to bolster the capital levels of state-owned banks to keep fueling cheap cred... Read more

ADIA And Kotak To Launch $500 Million Special Situations Fund In India

Banking - Published date: .

A subsidiary of ADIA has partnered with Kotak Investment Advisors to launch the Kotak Special Situations Fund, which wi... Read more

SAMA Governor Does Not See More Bank Mergers

Banking - Published date: .

The Governor of Saudi Arabia Monetary Authority (SAMA) said that he does not see more bank mergers for the time being b... Read more