Tuesday 31 March 2015
 
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BisB gives go-ahead for special purpose vehicle

The shareholders of Bahrain Islamic Bank (BisB) have approved the issuance of more than 9.3 million shares with a nominal value of 100 fils each which equals to BD939,673.5 ($2.4 million) to establish a special purpose vehicle (SPV).

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National Bank of Egypt in talks for dollar bond issue

National Bank of Egypt (NBE), the oldest commercial lender in the North African country, has invited banks to pitch for arranger roles on a potential dollar-denominated bond issue, two banking sources said on Thursday. A deal for

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CBQ shareholders approve up to $1bn capital raising

Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday. The annual shareholders' meeting of the Gulf Arab state's second-largest

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Emirates ID issues 179,000 cards via ‘Urgent Service’

The Emirates Identity Authority has issued more than 179,000 identity cards via its ‘Urgent Service’ last year. The cards were issued in 11 of the authority’s services centres spread across the country, said a st

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New Qatar research grant to focus on Arab family issues

Qatar National Research Fund (QNRF) has launched a new research grant focused on the Arab family and policy related issues, in collaboration with the Doha International Family Institute (DIFI), members of Qatar Foundation for Education, Science

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BBK eyes bond issue to refinance $500m debt

Bank of Bahrain and Kuwait (BBK) is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive has said. The offering by Bahrain's fourth-largest bank by assets

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Egypt to issue $950m 1-year Treasury bill

Egypt plans to issue a $950 million one-year Treasury bill open to both local banks and international financial institutions next week, the central bank said on Thursday. It said the auction deadline was January 12, and the dollar

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DME approves Mizuho Bank LCs from Singapore

Dubai Mercantile Exchange (DME) has approved Tokyo-headquartered Mizuho Bank to issue letters of credit (LCs) for trading on DME directly from Singapore. Mizuho Bank is the first Japanese banking entity to be authorised to issue D

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Himalayan implements new system to improve card issuing

Himalayan Bank, a leading private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to facilitate the issuance

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Dubai Parks and Resorts IPO oversubscribed

Dubai Parks and Resorts, a unit of Meraas Holding, said that the portion of its Dh2.53 billion ($689 million) initial share sale on offer to institutional investors had been many times oversubscribed. The entity, which is developi

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