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Finance Banking Economy Featured

UAE insurance firm Salama to raise up to $48mln in Mandatory Convertible Sukuk following capital reduction

Shareholders approve capital reduction to offset accumulated losses and cancel treasury shares. The Islamic Arab Insurance Company (Salama), listed on the Dubai Financial Market (DFM), is undergoing a capital restructuring that will see the Takaful provider raise up to 175 million UAE dirhams ($48 million) through a Mandatory Convertible Sukuk issuance following a capital reduction. […]

Global Banking Featured Finance

Global bank stocks slide as US credit risks spark reality check

Global financial stocks slid on Friday as a rout in U.S. regional banking shares heightened concerns about credit quality and mounting risks in the sector. The banking sector’s exposure in two recent U.S. auto bankruptcies has rekindled concerns about lending standards more than two years after Silicon Valley Bank’s failure, when high interest rates drove paper losses on […]

Finance Banking Featured News World

Egypt: EGX shows positive performance on Thursday

Retail investors represented 74.27% of total trading, while institutions made up 25.72%. The Egyptian Exchange (EGX) ended Thursday’s trading session with a mixed performance. The EGX30 index grew by 0.06% to 37,677.19 points. Likewise, the EGX35-LV also went up by 1.10% to 4,201.59 points. Both the EGX70 index and the EGX100 concluded the trading session […]

Climate Environment Featured World

Integrating pollution registers for corporate climate-risk assessment

Corporate climate risk disclosures are costly and often a mere box-ticking exercise. In November 2024, the Omnibus Environmental, Social and Governance Regulation was announced in Europe to consolidate and simplify the phasing-in of corporate sustainability reporting requirements while maintaining strong ESG commitments. This column discusses how leveraging pollution registers can provide an actionable picture of […]

Finance Banking Featured News World

The economic impact of European capital market integration

Economic growth in Europe continues to lag behind that of the US, largely due to smaller productivity gains. This column uses a general equilibrium model to show that a more integrated capital market in Europe could strengthen investment by reducing the cost of capital (price effect) and encouraging the entry of investors more inclined to […]

Economy Energy Featured Finance World

Oil holds steady as investors assess attacks on Russian energy facilities

Oil also received some support from solid refinery demand in China last month and a decline in US crude inventories.  Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries, while U.S. President Donald Trump said he was prepared to impose sanctions on Russia if NATO […]

Economy Banking Featured Finance World

Dollar firm as geopolitics heat up; investors await US inflation data

The data did not offer much insight into job creation since March, leaving U.S. rate expectations unchanged for now.  The dollar held steady on Wednesday ahead of U.S. inflation data this week that could help shape the outlook for Federal Reserve policy, while a fraught geopolitical backdrop underpinned the likes of the Swiss franc. Employment […]