Saudi Arabia is preparing to tap global debt markets with a two-part Islamic bond (sukuk) issuance. Guidance suggests pricing for the dual tranches at approximately 95 basis points and 105 basis points over U.S. Treasuries, aimed at drawing international investment. Source: AGBI
Saudi Arabia Readies Dual-Tranche Sukuk Sale to Global Markets Read More »
In a bid to broaden financial inclusion, Egypt’s central bank has authorized banks to establish small service units in non-traditional locations—such as malls, cooperatives, and clubs—along with mobile branches on buses and trains. This strategic move aims to bring banking services closer to underserved areas, particularly for MSMEs and remote communities, aligning with Egypt’s Vision
Egypt Permits Banks to Set Up Mini-Branches and Mobile Units Read More »
Rothschild & Co has acquired the United Arab Emirates subsidiary of Liechtensteinische Landesbank (LLB), taking on around 20 employees and their clients. This move is expected to add up to CHF 1 billion (roughly $1.24 billion) in assets under management to Rothschild’s regional wealth business. The firm has expanded its footprint with offices in Dubai
Rothschild Acquires UAE Arm of LLB to Expand Wealth Management Read More »
Most Gulf stock markets ended higher on September 2, buoyed by rising oil prices and investor optimism ahead of upcoming U.S. employment data. Dubai led the gains with a 0.7% rise, benefiting from strength in Emaar Properties, while Abu Dhabi climbed 0.2%. Saudi Arabia’s index remained stable after a prolonged slump, and Qatar also saw modest
Gulf Markets Rose on Optimism Ahead of U.S. Jobs Report Read More »