Tawasul
Mubasher TV
Contact Us Advertising   العربية

Banking and Finance

The new issue has reflected the positive response from investors
18 September 05:15 PM Warba Bank issues $500m sukuk; oversubscribed 6.3 times
Mubasher: Warba Bank announced the issue of $500 million unsecured sukuk for a specific period of five years. This issue is the first of its kind to be issued from a Kuwaiti financial entity, and it will be listed on Nasdaq Dubai and the Irish …
Al Salam Bank is dualy listed on Bahrain Bourse & DFM
18 September 04:46 PM Al Salam Bank continues buying treasury shares
Mubasher: Al Salam Bank announced that it has purchased 120,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) during Tuesday’s session 17 September, according to a bourse disclosure on Wednesday. The bank’s total …
The plant will produce 90m kWh annually
18 September 04:42 PM Germay’s KfW provides EUR 50m loan for PV plant in Egypt
Cairo – Mubasher: Egyptian Ministry of Electricity and Renewable Energy is planning to launch a 50 megawatts photovoltaic (PV) power plant in Zaafarana. The project will be funded by a EUR 50 million soft loan from Germany’s KfW bank, according to …
The bank plans to launch “Meeza” cards soon
18 September 03:48 PM EALB develops its infrastructure with EGP 1.4bn
By: Islam Fadl Cairo – Mubasher: Egyptian Arab Land Bank (EALB) works on developing its entire infrastructure in the current period, the bank’s chairman Amr Kamal said. The lender is injecting more than EGP 1.4 billion for the development of its …
Boubyan Bank's profits jumped to KWD 28.87 million in H1-19
18 September 03:01 PM Moody’s affirms Boubyan Bank’s rating at 'A3'; Outlook 'Stable'
Mubasher: Moody’s Investors Service has reviewed the status of Boubyan Bank and issued a recent report affirming the ratings previously assigned, with a 'Stable' outlook. Moody’s affirmed Boubyan’s long-term deposits rating at ‘A3’, according to a …
Government sector deposits levelled up by 4.5%
18 September 02:31 PM Kuwait’s total bank deposits rise 1.2% YoY in July
Mubasher: Total deposits at Kuwait-based banks grew by 1.2% year-on-year to KWD 43.6 billion in July, declining by 0.9% month-on-month. Kuwait’s bank credit increased by 4.2% to reach KWD 37.8 billion in July, Kuwait Finance House (KFH) reported …
Aman for Microfinance secured loans of EGP 250 million in H2-18
18 September 01:08 PM Raya Holding’s unit obtains EGP 650m loans from 8 banks
By: Islam Fadl Cairo – Mubasher: Aman for Microfinance, a subsidiary of Raya Holding for Financial Investment, has obtained loans of EGP 650 million during the first eight months of 2019, the company’s managing director Ahmed El Khatib said. Such …
The credit facilities aim to fund MEPCO’s capital
17 September 05:02 PM MEPCO renews, amends banking facilities with Al Rajhi Bank
Riyadh – Mubasher: Middle East Paper Co. (MEPCO) announced the renewal and amendment of a credit facilities deal with Al Rajhi Bank pursuant to the provisions of Islamic Shariah, according to a disclosure to the Saudi Stock Exchange (Tadawul) on …
Emirates NBD is committed to making banking easy - Sarkar
17 September 04:35 PM Emirates NBD offers dynamic currency conversion to UAE visitors
Dubai – Mubasher: Emirates NBD has recently offered dynamic currency conversion of cash withdrawals by using Visa cards at any Emirates NBD ATM for all UAE travellers countrywide, according to a press release. Emirates NBD’s new edge came …
Moody’s placed NBK's (CRA) at ‘Aa2/Prime-1’
17 September 03:24 PM Moody’s affirms Kuwait’s NBK long-term deposits at ‘Aa3’
Mubasher: Moody’s Investors Service has updated the long-term deposits of the National Bank of Kuwait (NBK) at ‘Aa3’, according to a recent disclosure to Boursa Kuwait on Tuesday. Moody’s also placed the Counterparty Risk Assessment (CRA) at …
The state-run bank’s issued capital exceeds EGP 2 billion
17 September 02:46 PM Banque du Caire eyes EGP 1bn capital raise before end 2019
By: Islam Fadl Cairo – Mubasher: Banque du Caire plans to raise its issued capital by EGP 1 billion before the end of 2019, the bank’s chairman Tarek Fayed said. Accordingly, the lender’s capital base will be increased to EGP 11 billion, Fayed …
Investor meetings will be held as of 17 September 2019
17 September 11:54 AM Samba mulls offering $5m Euro medium term notes
Riyadh – Mubasher: Samba Financial Group announced its intention to issue notes under its $5 million Euro Medium Term Note Programme, which was established on 15 July 2019. The new offering will be facilitated through a special purpose vehicle …
Al Salam Bank is dually listed on the DFM and Bahrain Bourse (BHB)
17 September 10:45 AM Bahrain’s Al Salam Bank raises treasury shares by 2.18%
Mubasher: Al Salam Bank announced a new purchase of 175,000 treasury shares on the Dubai Financial Market (DFM) during the Monday’s session, 16 September. The bank’s total holding of treasury shares soared from 48.276 million to 48.451 million or …
The deal stimulates seamless, easier, and safer online support systems
16 September 05:26 PM RAKBank boosts SMEs growth via deal with Mastercard
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBank) has concluded an agreement with Mastercard to boost e-commerce growth for UAE’s Small and Medium Enterprises (SMEs). The new deal will stimulate seamless, easier, and safer online …
The bank's profit after taxes reached EGP 4.1 billion in FY17/18
16 September 04:38 PM Banque Misr contributes EGP 10bn to syndicated loans in FY18/19
By: Islam Fadl Cairo – Mubasher: Banque Misr contributed to eight syndicated loans worth EGP 20.45 billion during fiscal year 2018/2019, the bank’s vice chairman Akef El-Maghraby said.   The Egyptian lender injected EGP 10.05 billion to these …
Filipino transfers in Bahrain and Kuwait hiked
16 September 04:30 PM Filipino labour in GCC registers $3.4bn remittance in 7M
By: Eman Ghali Mubasher: The international money transfer of Filipino labour in GCC countries fell by 8.36% year-on-year during the first seven months of 2019, with 96.6% of such remittances landing in Asia. The international transfers of the …
The issue has a three-month maturity period
16 September 04:01 PM Kuwait C.bank issues KWD 290m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq valued at KWD 290 million ($957.10 million). The issue has a three-month maturity period with a 3% yield, the CBK said in a statement on Monday. The CBK’s latest …
Banks allocate at least 20% of their credit portfolio to SMEs
16 September 01:58 PM Banks inject EGP 146bn funding to SMEs under CBE initiative
By: Islam Fadl Cairo – Mubasher: Small- and medium-sized enterprises (SMEs) have secured a total banking funding of EGP 146 billion under the Central Bank of Egypt’s (CBE) initiative, chairman of Banque Misr, Mohamed El-Etreby, said. The CBE has …
State-run banks are the largest holders of the government's debt instruments
16 September 10:38 AM CBE issues EGP 2.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) valued at EGP 2.5 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds stands at EGP 1.25 billion and will be offered through …
The bank's assets grew to EGP 98.59 billion in August
15 September 05:50 PM Faisal Islamic Bank’s business volume rises to EGP 100bn in August
Cairo – Mubasher: The financial indicators of Faisal Islamic Bank of Egypt showed a 14.2% year-on-year increase in its business volume, recording EGP 100.25 billion in August from EGP 87.79 billion. Assets held by the Islamic lender amounted to …
This loan is a revolving facility that will be renewed every year
15 September 05:24 PM MEPCO renews, amends loan deal with Kuwait’s NBK
Riyadh – Mubasher: Middle East Paper Co. (MEPCO) has renewed its banking facility agreement, which is Shariah-compliant, with the Kuwaiti lender the National Bank of Kuwait (NBK). The Saudi company clarified that the credit facility now stands at …
Aqar will use the said facilities in funding its projects
15 September 04:22 PM Aqar Real Estate seals AED 50m agreement with foreign bank
Mubasher: Aqar Real Estate Investments has concluded a facilities agreement worth AED 50 million or KWD 4.1 million ($13.5 million) with a bank outside Kuwait. The company will use the said facilities in funding its projects and supporting …
The exchange ratio is about 2.326 shares of AUB Bahrain for a share of KFH
15 September 02:29 PM AUB Bahrain approves exchange ratio of merger with KFH
Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) accepted the conclusions contained in the due-diligence review and valuation reports, and approved the share exchange ratio with Kuwait Finance House (KFH) by approximately 2.326 shares of AUB …
Egypt’s real GDP growth recorded 5.5% at the end of March
15 September 01:47 PM Egypt regains int’l confidence on economic reforms – CBE governor
By: Islam Fadl Cairo – Mubasher: Egypt has succeeded in implementing its economic reform programme primarily thanks to the concerted efforts between the Central Bank of Egypt (CBE) and the government, the central bank’s governor Tarek Amer said. …
KFH shares have increased by 27% to 707 fils
15 September 01:40 PM KFH offers to buy AUB Bahrain for $8.8bn – Bloomberg
Mubasher: Kuwait Finance House (KFH) has offered to buy Ahli United Bank – Bahrain (AUB Bahrain) in an all-share deal that is valued at about $8.8 billion, Bloomberg reported. The Kuwaiti lender plans to issue 1 share for every 2.325581 shares of …