Featured Egypt issues senior unsecured notes with JP Morgan as stabilisation coordinator Aya Anwar Jan 28, 2025 0 JP Morgan Securities PLC announced on Tuesday its role as the Stabilisation Coordinator for Egypt’s latest bond…
Featured Citigroup warns against overconfidence in aggressive ECB rate cuts for 2025 Aya El Sayed Dec 9, 2024 0 Citigroup Inc. has cautioned traders against expecting swift and aggressive rate cuts from the European Central…
Banks Goldman Sachs slashes China’s ’24 economic growth Nada Ali Sep 16, 2024 0 Global investment banks Goldman Sachs and Citigroup have revised their full-year projections for China's economic…
Stocks Asian markets struggle amid economic uncertainty Nada Ali Sep 3, 2024 0 Asian stock markets struggled to maintain stability on Tuesday as investors awaited key economic data.
Banks HSBC acquires China’s Citigroup’s consumer wealth portfolio Nada Ali Jun 11, 2024 0 HSBC boosts its presence in mainland China by acquiring Citigroup's consumer wealth portfolio, adding over 300…
Energy Aramco launches $10b offering Aya Anwar May 30, 2024 0 Saudi Arabia is set to launch a secondary offering of Aramco shares, aiming to raise over $10 billion, potentially…
Featured Bank of Israel likely to hold rates steady Aya Anwar May 27, 2024 0 Amidst rising inflation fueled by record government spending and ongoing conflict, Israel's central bank is likely…
Featured Morgan Stanley terminates jobs in Asia Aya Anwar Apr 17, 2024 0 Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources…
Featured BofA profits decline in Q1 ’24 Aya Anwar Apr 16, 2024 0 Bank of America (BofA) witnessed a decline in its profits on Tuesday, attributed to reduced earnings from customer…
Commodities Gold closer to record high as geopolitical tensions escalate Nada Ali Apr 16, 2024 0 Gold prices edged higher on Tuesday, hovering near last week's record high, as escalating tensions between Iran and…
Banks Citigroup predicts BoE to reduce interest rates in June Nada Ali Mar 13, 2024 0 Citigroup predicts the Bank of England (BoE) will reduce interest rates this year, with the first cut likely in…
International News Goldman plans to expand credit portfolio to $300b Nada Ali Mar 12, 2024 0 Goldman Sachs Asset Management, a unit of Goldman Sachs Group, plans to grow its private credit portfolio to $300…
International News Citigroup predicts U.S. Fed to soar interest rate in Nov Mennatullah Hamzawy Sep 17, 2023 0 Citigroup expects the U.S. Federal Reserve (the central bank of the United States) to raise its key interest rate…
Banks Climate protestors accuse U.S. banks of being climate criminals Yassmine Elbehnaihy Apr 30, 2023 0 Climate protestors have called out US banks for investing in fossil fuel, by spray painting graffiti on Citigroup…
Banks Bank of America’s earnings increase, exceeding expectations Yassmine Elbehnaihy Apr 18, 2023 0 Bank of America (BofA) has reported on Tuesday a 15 percent increase in its first quarter profits, exceeding…
Money JPMorgan, other U.S. banks flooded with clients post SVB crash Sama Mousa Mar 14, 2023 0 A huge number of customers have applied to shift accounts to large U.S. banks such as JPMorgan Chase &Co. and…
Banks Citigroup raises CEO’s 2022 pay to $24.5mln Yassmine Elbehnaihy Feb 23, 2023 0 Leading bank Citigroup increases first female CEO of a major Wall Street bank, Jane Fraser’s compensation by nine…
Financial Institutions Egypt seeks proposals to arrange dollar bond issues – sources Yomna Yasser Dec 18, 2017 0 Egypt has asked banks for proposals to arrange U.S. dollar-denominated Eurobonds, banking sources told Reuters on…
World Citigroup, Twitter shares may fall as holdings of billionaire Saudi prince detained over… Yomna Yasser Nov 6, 2017 0 Shares of Citigroup and Twitter could be unlikely casualties of a stunning power struggle unfolding in Saudi Arabia…
Banks Britain could lose 40,000 investment banking jobs in Brexit exodus: report warns Yomna Yasser Aug 1, 2017 0 The U.K. could lose up to half of its investment banking jobs in the coming few years if the government continues…
USA S&P 500 ends at record, topping June high, on bets for a strong earnings season Yomna Yasser Jul 15, 2017 0 U.S. stocks surged to record levels on Friday as earnings season kicked off. The S&P climbed 0.6 percent to…
Financial Institutions Egypt heralds marketing triple-tranche US dollar bond deal Yomna Yasser Jan 24, 2017 0 Egypt has started marketing a triple-tranche US dollar benchmark bond deal, according to a lead. Initial price…
Banks Abu Dhabi Islamic Bank-Egypt CEO Nevine Loutfy has died Yomna Yasser Nov 22, 2016 0 Nevine Loutfy, the chief executive and acting chairman of Abu Dhabi Islamic Bank-Egypt (ADIB), has died, the bank…
Tech news Citigroup plans tie-up with Singapore ride-hailing app Grab Noha Gad Aug 23, 2016 0 Citigroup is working on a partnership with Grab, the Singapore-based ride-hailing app that has become one of…
Financial Institutions Specialty insurer Ironshore plans IPO Yomna Yasser Jul 23, 2016 0 Specialty commercial and casualty insurance company Ironshore Inc. plans an initial public offering, according to a…
Banks Saudi Arabia Said to tap JPMorgan, Citi, HSBC on Dollar bond aya salah Jun 27, 2016 0 Saudi Arabia appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc. to arrange its first…
Banks Citi puts Asia payment processing business up for sale Noha Gad Apr 28, 2016 0 Citigroup (C.N) has puts its Asia payment processing business on the block as part of a ongoing global plan to exit…
Banks Citigroup executives avoid U.S. charges over mortgage bonds – document Noha Gad Mar 5, 2016 0 U.S. authorities have decided not to pursue criminal charges against any Citigroup Inc (C.N) executives or…
Banks Fed to take up ‘too big to fail’ emergency lending curb Noha Gad Nov 30, 2015 0 The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change…
Banks Citi dials down risky block trading amid market turmoil Noha Gad Oct 13, 2015 0 Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough…
Banks Citi finalises Egypt retail business deal with CIB late October Yomna Yasser Oct 3, 2015 0 Citigroup announced Saturday it will transfer all its consumer banking business transactions in Egypt to the…
Financial Institutions Iraq starts roadshow Thursday for international bond Yomna Yasser Sep 9, 2015 0 Iraq's government will start an investor roadshow Thursday for its first international bond issue in nine years,…
Banks CIB receives regulatory approval to acquire Citibank’s Egypt businesses Yomna Yasser Aug 25, 2015 0 Commercial International Bank (CIB), biggest commercial bank in Egypt,announced Tuesday that it has received the…
Financial Institutions Citigroup ups Centamin to ‘buy’, points to stabilisation in Egypt aya salah Aug 13, 2015 0 Citigroup upgraded Centamin to 'buy' from 'neutral' and set a new price target of 76p, pointing to a stabilisation…
Banks Bank Parents or Main Units seen Pleading Guilty over FX: Sources Noha Gad May 12, 2015 0 The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries,…
Industry & Trade Shell signs $15.3 billion Bridge Loan Noha Gad May 2, 2015 0 Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of…
Banks CIB: Management approves to bid for Citigroup’s Egypt Retail Portfolio Yomna Yasser Apr 20, 2015 0 Egypt's Commercial International Bank (CIB) announced Monday its management would submit a binding offer to acquire…
Banks Citigroup eying Sale of Retail FX Arm: Source Yomna Yasser Apr 14, 2015 0 Citigroup Inc is seeking a buyer for its retail forex brokerage CitiFX Pro as part of efforts to streamline the…
Banks Citigroup to stop Argentina bond payments amid turmoil Amwal Al Ghad English Mar 18, 2015 0 Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S.…
Banks Abu Dhabi Islamic Bank shortlisted to buy Citi’s Egypt Operations Yomna Yasser Mar 16, 2015 0 Abu Dhabi Islamic Bank said Sunday it has been shortlisted as a buyer for Citigroup’s Egypt retail business in what…