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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Financial markets are volatile, and research attributes this to highly variable and often irrational investor beliefs. This column uses a large-scale survey of Chinese retail investors to study the role of investor memory in financial decision-making. Combining free recall of market episodes and probed recall of personal returns, it finds that sharp crashes and dramatic […]
Oil prices steadied on Monday, after falling more than 4% last week, as investors looked towards talks this week between the U.S. and Russia over the war in Ukraine. Brent crude futures slipped 14 cents, or 0.21%, at $66.45 a barrel by 11:15 a.m. EDT (1515 GMT). U.S. West Texas Intermediate crude futures fell 12 cents, […]
Investors weigh impact from Trump threats over Russian oil. Oil prices were little changed on Friday and heading for a weekly gain as investors weighed the impact of further tariffs and sanctions by U.S. President Donald Trump. Brent crude futures were down 35 cents, or 0.49%, at $71.35 a barrel by 1039 GMT. U.S. West […]
