Financial Services MENA Edition
Latest News
Barclays and Red Kite settle copper market dispute
Fund accused the bank of manipulating the copper market and causing it to lose money.
Abraaj founder's extradition case adjourned, another former exec arrested- court official
The official told Reuters that a former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, had also been arrested
Lebanon prepares $2.5bln-$3bln Eurobond issue for May 20: finance minister
There will be a new issue for which preparations have begun with local and international banks
China's EximBank provides more than $149bln for Belt and Road projects
China's massive lending on Belt and Road projects is facing criticism of "debt trap"
Trade Bank Iraq opens first international branch in Saudi Arabia - statement
The bank will start its operations soon
Egypt's Talaat Moustafa, GB Auto and EFG Hermes to partner in mortgage financing business
Trio combine to create a joint venture with initial paid-in capital of $8.7 mln
Commercial Bank of Dubai reports rise in profit, shares surge
The bank’s stock price ends Thursday’s trading session at UAE4dirhams per share
India's Jet Airways to temporarily suspend ops after banks reject funding request -sources
Banks rejected the debt-laden carrier's request for emergency funding
Emirates NBD reports higher Q1 net profit, beats analysts' estimate
Higher non-interest income and lower than expected opex and provisioning boosted the bank's first quarter earnings
Emerging-market forex revenues eclipse 'G10' for first time
Data compiled exclusively for Reuters by analytics firm Coalition show the 12 biggest investment banks made $8.4 billion in revenues from emerging-market forex last year
Insights
IPOs will remain endangered species in Europe
Bankers hunting Europe equity raisings have had a fallow start to the year. They should get used to it.
Hedge funds' oil positions start to look stretched: Kemp
Hedge fund managers continue to accumulate positions in crude and gasoline
Would a political Fed rescue the world?
President Donald Trump to put two strong partisans on the Federal Reserve board.
