Financial Services MENA Edition
Latest News
Lebanese bonds rally as parliament session called, Trump assures of support
Several Lebanese issues made their biggest daily gains since early-November
Charles Schwab in talks to buy smaller rival TD Ameritrade - CNBC
Shares of TD Ameritrade, which has a market capitalization of $22.41 billion, rose more than 20%
Lebanon parliament speaker calls for session next Wednesday -NNA
Berri's call comes after more than a month of nationwide protests against the country's ruling elite
UK watchdog sets deadline on Libor interest rate swaps
Britain's Financial Conduct Authority said on Thursday that it wants banks to stop offering Libor-based interest rate swap contracts from the first quarter of next year.
European banks face large capital shortfall with Basel III rules -study
The study also warned about the impact on the real economy, saying the new rules would translate into higher borrowing costs for households and businesses.
Alibaba, Saudi Aramco share sale bonanza fails to deliver banks fee windfall
Saudi Aramco fees also pared to $90 mln as deal size drops
Fawry’s profit soars 48% in 9 months
Fawry for Banking Technology and Electronic Payments showed a 48% year-on-year profit hike during the first nine months of 2019.
Bahrain Development Bank plays crucial role to help entrepreneurs
Summit introduced 29 of the best startups from Bahrain and Mena
21 businesses join JEDCO programme for coaching SMEs in exports
Agreements with 21 small- and medium-sized enterprises (SMEs) that joined its ‘Enhancing Industrial SMEs to Export II’ programme
Mohandes Insurance’s Q1 2019/2020 indicators show 43.5% year-on-year profit decline
The insurance activity surplus increased
Insights
Global economy dodges recession by narrowest of margins: Kemp
World trade volumes were down almost 1.5% in the three months from June to August
Oil price rally squeezes bears, but bulls keep powder dry: Kemp
Hedge fund managers continued to scale back short positions in crude last week
Chinese buyout shop grabs for last UK pizza crust
PizzaExpress has gross debt of $858mln, of which $600mln has a superior claim over the company’s assets
