June 18th, 2018 | 0 commentsSecurities & Commodities Authority (SCA) has started discussions with one of domestic institutions to offer and issue sukuk at a value of AED 10 and AED 20 during the coming period. These sukuk will contribute to attract more investments, in addition to financing projects, SCA’s CEO Obaid Al Zaabi said. The sukuk which will be issued...
June 14th, 2018 | 0 commentsKuwait International Bank (KIB) has signed a joint murabaha agreement with international and local banks for a total value of $250 million. This finance will last for three years and will endorse KIB’s liquidity in the long and medium term and improve the financial position of the deposits. The payment will be in one installment by the en...
June 14th, 2018 | 0 commentsMubadala Investment Company on Wednesday unveiled plans to create a $400 million fund to invest in major high-growth European technology companies. The new fund will be managed by Mubadala Ventures, the capital arm of Mubadala, and SoftBank Group will participate as a strategic investor through its unit SIMI US Holdings. “We believe the U...
June 14th, 2018 | 0 commentsThe Central Bank of Bahrain (CBB) has decided today and effective immediately to raise its key policy interest rate. The CBB’s key policy interest rate on the one-week deposit facility is raised from 2.00% to 2.25%. The CBB has also decided to increase the overnight deposit rate from 1.75% to 2.00% and adjust both the one-month deposit ra...
June 14th, 2018 | 0 commentsThe extraordinary general meeting (EGM) of Pioneers Holding Company for Financial Investment has agreed to raise the company’s issued and paid-up capital to EGP 4.68 billion from EGP 3.6 billion. The EGM has approved a capital increase of EGP 1.08 billion to be distributed over 216.1 million shares at a nominal value of EGP 5 per share, t...
June 13th, 2018 | 0 commentsThe European Bank for Reconstruction and Development (EBRD) has provided the Banque de Tunisie (BT) a $ 20 million trade finance line, the equivalent of 51.3 million dinars (MD) under the EBRD's Trade Facilitation Programme (TFP). According to a statement released on Monday, the trade finance line will allow to issue guarantees in favour...
June 13th, 2018 | 0 commentsThe Tripoli Central Bank of Libya (CBL) announced that a three-tracked framework for the reform of the Libyan economy has been agreed. In a statement released Saturday, the CBL stated that the framework was agreed at an expanded meeting held on Friday evening attended by Tripoli CBL Governor Saddek El-Kaber, Fathi al-Majbri, member of the...
June 13th, 2018 | 0 commentsBahrain-based Investcorp, a leading global provider and manager of alternative investments, said it has won awards in four categories at the EMEA Finance Achievement Awards ceremony held in London, UK. The recognition highlights the firm’s continued ability to deliver strong returns across a growing product portfolio to its global investo...
June 13th, 2018 | 0 commentsQINVEST, Qatar's leading private investment group, on Tuesday announced that the group has successfully completed his sixth exit of a real estate mezzanine murabaha transaction in the US. “Our strong governance and risk framework, coupled with our ability to generate compelling cash returns, makes QINVEST the preferred investment partner...
June 13th, 2018 | 0 commentsBurgan Bank announced that the Capital Markets Authority (CMA) has granted its approval for the bank to raise its issued and paid-up capital to reach the limit of the authorised capital. Burgan Bank will increase the capital to KWD 250 million from KWD 225.94 million by issuing 240.58 million shares, according to a bourse statement on Tue...
