Featured HSBC pledges support for Egypt’s ambitious economic growth plans Yomna Yasser Jan 22, 2025 0 HSBC is positioning itself to play a key role in supporting Egypt’s economic initiatives, offering expertise in…
Featured Saudi Global Ports eyes $1b IPO in Riyadh Aya Anwar Dec 19, 2024 0 Saudi Arabia's Public Investment Fund (PIF)-backed Saudi Global Ports Co. is planning an initial public offering…
Money HSBC considers merging commercial, investment banking to reduce costs Yomna Yasser Sep 9, 2024 0 HSBC is exploring the possibility of combining its Commercial and Investment banking divisions to streamline…
Banks H. Kong holds rates steady amid US Fed decision Nada Ali Jun 13, 2024 0 The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged at 5.75 per cent on Thursday, mirroring the…
News Goldman Sachs expects Egypt’s c. bank to cut rates Aya Anwar May 23, 2024 0 The Central Bank of Egypt (CBE) is poised to reevaluate interest rates, marking its first review since implementing…
Featured Abu Dhabi raises $5b from eurobond market after 3-yr hiatus Aya Anwar Apr 24, 2024 0 Abu Dhabi has entered the Eurobond market for the first time since 2021, raising a substantial $5 billion in what…
Featured Abu Dhabi to re-enter eurobond market after 3-yr absence Aya Anwar Apr 23, 2024 0 Abu Dhabi is entering the eurobond market for the first time in roughly three years, a move prompted by diminishing…
Money S. Arabia’s sukuk generate $2bln Aya Anwar Feb 28, 2024 0 Saudi Arabia's sovereign wealth fund secured $2 billion through the issuance of Sukuk, marking its second venture…
Featured Dubai to divest stake in parking business Aya Anwar Feb 27, 2024 0 Dubai’s government selling a 25 per cent ownership share in the city's public parking business through an initial…
Money Saudi deal flow to increase as wealth fund seeks cash Aya Anwar Feb 19, 2024 0 As the Saudi Arabian sovereign wealth fund seeks to raise capital for its ambitious projects, deal activity is…
MENA News S. Arabia’s MMC plans to sell 30% stake in IPO Nada Ali Feb 7, 2024 0 Saudi Arabia's Modern Mills for Food Products Co. (MMC) intends to sell a 30 per cent stake in an initial public…
Banks S. Arabia borrows $12bln in bonds Aya El Sayed Jan 9, 2024 0 Saudi Arabia has raised $12 billion from foreign debt, marking its biggest borrowing since 2017, during a…
Tech/AI Mastercard launches plan to recycle credit cards Sama Mousa Jun 21, 2023 0 Payments company Mastercard launched an international plan on Wednesday to recycle credit and debit cards to save…
Banks HSBC to pay $35 million to resolve yen Libor litigation in U.S. Noha Gad Jun 18, 2016 0 HSBC Holdings Plc (HSBA.L) will pay $35 million to end private U.S. antitrust litigation claiming that it harmed…
Banks Why Foreign Inflation Matters to Janet Yellen Noha Gad Dec 15, 2015 0 Janet Yellen may be about to discover that if all politics is local, all monetary policy is global. As her Federal…
World Banks Lift FTSE 100 to Second Day of Gains Yomna Yasser Jun 26, 2013 0 U.K.’s FTSE 100 index rose for a second straight day on Wednesday, with investors taking a cue from an upbeat…
Banks Saudis Save $1 Bln A Week As Egypt Counts Wheat, HSBC Says Administrator Apr 9, 2013 0 Oil-rich Gulf Arab countries, led by Qatar and Saudi Arabia, are widening the wealth gap with the region’s energy…
Egypt News JP Morgan Group Delegation To Visit Egypt Today To Discuss Sukuks Yomna Yasser Feb 13, 2013 0 Dr. Ahmed El Naggar, Adviser to Egypt’s Minister of Finance and responsible for Sukuk draft file, announced that US…
Banks HSBC In Talks To Sell $9 Bln Ping An Insurance Stake Administrator Nov 19, 2012 0 HSBC Holdings Plc (HSBA) is in talks to sell its $9 billion stake in Ping An Insurance (Group) Co. (2318), China’s…
Banks Hsbc Probe Brings Promises Regulator, Bank Will Clean Up Act Amwal Al Ghad English Jul 18, 2012 0 HSBC Holdings Plc (HSBA) executives apologized for opening their U.S. affiliate to a river of Mexican drug lords’…
Banks Foreign Banks Plan To Expand China Workforce By 56%, Pwc Says Amwal Al Ghad English Jul 17, 2012 0 HSBC Holdings Plc (HSBA) and Citigroup Inc. (C) are among foreign banks in China that plan to boost their combined…
World Banks Lifts Europe Shares Ahead of ECB Decision Yomna Yasser Jun 6, 2012 0 Banks lifted European stock markets on Wednesday, as investors awaited an interest rate decision from the European…
World Europe Shares Sharply Lower Amid Spain Downgrade Yomna Yasser May 30, 2012 0 European stock markets were sharply lower on Wednesday, as Spanish shares tumbled and bond yields surged after the…
World Europe Shares Regain Traction, Go Higher Yomna Yasser May 24, 2012 0 European markets traded volatile on Thursday, but stocks moved off earlier lows to trade rise, shaking off a clutch…
World Europe Shares Down Ahead of EU Summit Yomna Yasser May 23, 2012 0 European stock markets tumbled in early action on Wednesday, in the wake of comments late the prior session from…
Banks HSBC Turkey Targets 20% Loan Growth Administrator May 19, 2012 0 HSBC Holdings Plc (HSBA)’s Turkish unit will expand loans 20% this year, compared with a growth of 15% to 20%…
World Europe Shares Choppy On Europe, China Concerns Yomna Yasser May 18, 2012 0 European stock markets were volatile on Friday, with banks up on speculation of a short-selling ban, while miners…
Banks HSBC Doubles Target For Revenue To US$2 Bln Administrator May 17, 2012 0 HSBC Holdings Plc (HSBA), Europe’s largest bank, doubled its target for generating additional revenue from greater…
World Europe Shares Lower On Greek Concerns Yomna Yasser May 16, 2012 0 European stock markets dropped early Wednesday as investors again shed bank and resource stocks on the political…
World Europe Stocks Mostly Higher Amid Choppy Session Yomna Yasser May 9, 2012 0 European stock markets struggled for direction in a choppy session on Wednesday, with major banks pushing to move…
Banks HSBC Islamic Business Grows By 200% In 2011 Administrator Apr 23, 2012 0 HSBC Holdings Plc’s (HSBA) Islamic risk management business posted double-digit growth last year on rising demand…
Banks HSBC To Merge Oman Unit With OIB Administrator Apr 19, 2012 0 HSBC Holdings PLC said it will combine its Omani division with local lender Oman International Bank in a deal that…
Banks HSBC Holds Talks To Sell Some Korean Units Administrator Apr 10, 2012 0 HSBC Holdings Plc (HSBA.L), Europe's biggest bank, said it was in talks over the possible sale of its Korean retail…