The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to develop guiding principles for capital markets and insurance, seeking to encourage regulatory consistency across new and established markets, its secretary general said.
The Bahrain Bourse has approved the amendments on the listing requirements of the listed shareholding companies effective within six months.
Upon the approval of the Central Bank of Bahrain (CBB), the bou
Standard Chartered has held talks with bankers on raising at least $4 billion as UK reglators tighten scrunity on lenders with exposure to emerging markets in a second round of stress tests, Bloomberg reported on Thursday.
Bahrain Islamic Bank (BisB) shareholders has approved reduction in the bank’s issued and paid-up capital to write off accumulated losses. The extraordinary general meeting at the bank’s headquarters in Al Salam Tower, Diplomatic Ar
Italian oil contractor Saipem said on Wednesday it will ask investors for up to 3.5 billion euros ($3.86 billion) of fresh capital to help it weather the oil service recession and plot a path to recovery as main investor Eni takes a step back.
Shareholders of Kuwait's Jazeera Airways have approved a board recommendation to reduce the company’s capital from KD42 million ($138.8 million) to KD20 million ($66 million), following its exit from the aircraft leasing business.
Renaissance Capital, a leading emerging and frontier markets investment bank, has appointed Mohamed Zeinelabedin as its vice president, Mena research analyst covering consumer and retail sectors for its growing Middle East and North Africa (Me
Abu Dhabi Islamic Bank has no current plans to raise more capital after a rights issue last month, its chief executive said on Monday, adding that the lender would eschew expansion to focus on existing markets.
The largest Islamic
National Bank of Kuwait (NBK) has received central bank approval to issue capital-boosting bonds worth up to KD125 million ($413.6 million), the Gulf Arab state's largest commercial lender said in a bourse filing on Sunday.