Sigma Capital to raise issued capital to EGP 100m in 2016
Sigma Capital will launch two initial public offerings (IPOs) by mid 2016, Chairman Ahmed Marwan told Daily News Egypt Monday.…
Trading, Broking & Stock Exchanges
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Turkish bank operations in Russia to be excluded from Moscow sanctions
Turkish banks will be excluded from Russian sanctions, industry sources told Reuters on Monday, escaping a crackdown by Moscow that…
Arab Bank plc Financial Strength Rating affirmed by Capital Intelligence
Capital Intelligence (CI) has affirmed Arab Bank plc’s (AB) Financial Strength Rating (FSR) at ‘BBB+’. The FSR continues to be…
Saudi's Olayan cuts stake in Credit Suisse by 25%
Saudi Arabia's Olayan Group's stake in bank Credit Suisse has fallen by more than 25 percent since the end of…
Qatar's Barwa Bank lists $2 billion sukuk programme on Irish exchange
Qatar's Barwa Bank has listed a $2 billion Islamic bonds programme on the Irish Stock Exchange, taking the lender a…
Mideast funds a bit more positive on stocks, bearish on bonds
Middle East fund managers have become slightly more positive on regional equities after valuations fell, and more bearish on bonds…
SICO announces changes to its regional fund portfolio
Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today the…
Bahrain's Al Baraka Islamic eyes Kuwait sukuk
Al Baraka Islamic is focusing on the housing sector in Bahrain, the CEO said. Al Baraka Islamic Bank-Bahrain is…
Asset quality not a big challenge for UAE banking sector
The banking sector in the UAE is navigating through a tougher environment, after enjoying four consecutive years of favourable operating…
UAE’s KBBO Group hires banks for Centurion London listing
UAE’s investment company KBBO Group has hired Goldman Sachs and Morgan Stanley among others for an expected $1 billion-plus (Dh3.67…
Saudi Hollandi Capital taps up Miles Software for asset management automation
Saudi Hollandi Capital (SHC), the investment banking arm of Saudi Hollandi Bank has selected MoneyWare® suite for automating its Asset…
Defining digital differences amid financial disruption
PayPal, TransferWise, Zopa, Fidor – nimble digital brands are radically disrupting financial services. Whilst traditional banks are investing…