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Banking & Finance


What’s the claims fuss all about? Is there an issue?

By Maroun Mourad

August 20, 2014 12:18
Chris Thomas portrait 2

‘Crowd investing here to stay’

Chris Thomas, founder of crowd-investing platform Eureeca.com, says the industry is on page four of a thousand-page novel.

June 26, 2013 12:20
VP Avaya

Opinion: Banking on mobile for the future

Banks know they cannot afford to be on the back foot when it comes to mobile, yet the speed of consumer adoption is far faster than most businesses can contemplate

July 27, 2012 11:00

Fitch rates Islamic development bank’s $800 million sukuk issuance at ‘AAA’

The TCIP benefits from a guarantee provided by the IDB ; therefore, its rating is in line with IDB's Long-Term Issuer Default Rating (IDR) of 'AAA' with a Stable Outlook.

June 26, 2012 5:47

Egypt bars brokerages from trading foreign stocks

Egypt's markets watchdog has told local financial institutions they can no longer trade foreign securities, saying it exposes investors to risks that Egyptian authorities are unable to monitor.

June 5, 2012 11:25

Saudi Almarai in $4.2 billion, 5-year investment plan

Saudi Arabian dairy and food producer Almarai Co's board has approved a 15.7-billion riyal ($4.2 billion), five-year investment plan that will draw on finance from bank loans and Islamic bonds, it said on Tuesday.

May 29, 2012 6:12
Central Bank of Egypt

Egypt Central Bank lowers reserve requirement on deposits

The new ratio is effective starting on June 26, the bank said on its website. On March 20, it announced it was reducing the ratio to 12 percent from 14 percent.

May 27, 2012 5:19

New rules to boost Kuwait capital markets

Kuwait’s new loan-to-deposit ratio rules for banks are aimed at encouraging capital market development, improving asset-liability matching and boosting credit…

May 22, 2012 9:18
UAE loans

UAE to settle citizens’ defaulted loans, up to $1.4 million

The United Arab Emirates will settle up to 5 million dirhams ($1.36 million) of defaulted loans for each indebted Emirati,…

May 21, 2012 8:52

Banque Saudi Fransi launches $750 million Sukuk

Launch spread at 185 bps over midswaps; Pricing tightened 15 bps from initial guidance; Sukuk to price Tuesday; first under new $2 billion programme

May 17, 2012 11:11