Saturday 5 September 2015
 
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capital

New plans for Manama on Bahrain council’s agenda

Introducing new projects and cracking down on municipal violations will be at the top of the agenda in the capital as Bahrain’s councils return for the new legislative term. The Capital Trustees Board is looking into new schemes includin

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NCB plans $533m capital-boosting sukuk

National Commercial Bank (NCB), Saudi Arabia's largest lender, is selling SR2 billion ($533 million) of capital-boosting sukuk, two banking sources with knowledge of the matter said on Sunday. The offer, which enhances the ban

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Egypt, Saudi top Mena for IPO activity in H1

Egypt and Saudi Arabia witnessed the highest number of IPOs with five and three respectively during the first half (H1) of 2015 in the Mena region, which logged a total of 11 IPOs, raising capital of over $2.4 billion, a report said.

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GIB Capital wins three key awards

GIB Capital, the Saudi-based investment banking arm of Gulf International Bank (GIB), has won three key awards by EMEA Finance magazine for its role in key transactions last year.   It won the 'Be

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Greece loosens capital restrictions on businesses

Greece started loosening restrictions on foreign transfers by businesses on Friday, unblocking imports held up after the country introduced capital controls last month. Businesses have been hit by limits on transferring money abro

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ADIB’s rights issue subscription to begin on August 23

Abu Dhabi Islamic Bank’s (ADIB) Dh504 million ($137.2 million) rights offer is set to begin on August 23 and will go on till September 10. This follows ADIB’s recent approval of its capital raising plan by way of a rig

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SMEs champion equal employment opportunities in UAE

Women are just as likely as men to find employment in small and medium-sized businesses in the UAE, according to the latest research by business intelligence company MEED. About 50 per cent of the more than 50 top SMEs in the emir

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Beco invests in medical insurance technology startup

Beco Capital, a regional venture capital firm focused on technology investments in the Gulf Cooperation Council (GCC) countries, has invested in Bayzat, a UAE-based medical insurance technology startup. Bayzat assists patients and

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Beco invests in medical insurance technology startup

Beco Capital, a regional venture capital firm focused on technology investments in the Gulf Cooperation Council (GCC) countries, has invested in Bayzat, a UAE-based medical insurance technology startup. Bayzat assists patients and

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NCB raises $267m in capital-boosting sukuk

Saudi Arabia's National Commercial Bank (NCB) became the latest lender in the kingdom to announce the sale of a capital-boosting Islamic bond, raising SR1 billion ($267 million) through a sukuk which will enhance its core capital.

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