by Jibran Munaf | October 5, 2024 | Banking
The Commercial Bank of Dubai (CBD) has successfully issued a $500 million five-year senior unsecured bond with a fixed coupon rate of 4.864%. Key Details of the Bond Set to settle on October 10, 2024, the bond will mature on October 10, 2029, and will be listed on the...
by Jibran Munaf | October 5, 2024 | Banking
The family credit in the UAE’s banking sector reached an impressive $115 billion in 2023, as per data released by the Arab Monetary Fund. This marks significant growth in personal lending across the country. UAE Among Leaders in Family Credit Growth In...
by Jibran Munaf | October 3, 2024 | Central Banks, Currencies
The Central Bank of Egypt (CBE) announced the issuance of treasury bills (T-bills) worth EGP 50 billion through two auctions held on Thursday, 3 October 2024. This move comes just ahead of the national holiday commemorating the 6th of October War Victory anniversary....
by Priyanka Sharma | September 24, 2024 | Banking, Banking Regulations, Central Banks, Currency Markets Analysis, Economy, politics, Trending Now
In a bid to revive its flagging economy, China’s central bank has unveiled a major package of measures including plans to lower borrowing costs and allow banks to increase their lending. People’s Bank of China (PBOC) Governor Pan Gongsheng announced the...
by Jibran Munaf | September 23, 2024 | Banking
Arcapita Group Holdings, a global alternative investment firm, and Dgpays, a leading financial infrastructure technology provider in the EMEA region, have jointly acquired a majority stake in NEOPAY, one of the UAE’s fastest-growing digital payment solutions...
by Jennifer George | September 23, 2024 | Banking, Central Banks, Stocks & Bonds
The Central Bank of Egypt has decided to offer a stake in United Bank’s (UB) shares on the Egyptian Stock Exchange and is currently working on obtaining the required approvals related to the offering, including the approvals of the Financial Regulatory Authority and...
