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Abu Dhabi leads Gulf markets higher, conglomerate IHC soars
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
Oct 18 (Reuters) - Most stock markets in the Gulf rose in early trade on Tuesday, tracking strength in Asian shares and oil prices, with the Abu Dhabi index outperforming the region led by a surge in International Holding Co (IHC) (IHC.AD). Register now for FREE unlimited access to Reuters.com RegisterInternational Holding will acquire Infinity's shares in Alpha Dhabi Holding, Multiply Group and Al Seer Marine in exchange for issuing capital increase share in the company. Saudi Arabia's benchmark index (.TASI) advanced 1.5%, with Al Rajhi Bank (1120.SE) rising 2% and the kingdom's largest lender Saudi National Bank (1180.SE) climbing 3.4%. read moreDubai's main share index (.DFMGI) was up 0.4%, led by a 1.2% rise in sharia-compliant lender Dubai Islamic Bank (DISB.DU). MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 1.55%, as the dramatic U-turn in British fiscal policy bolstered investor sentiment.
NEW DELHI, Oct 18 (Reuters) - The Indian government should focus on privatisation of state-run companies instead of chasing high divestment targets, a top finance ministry official said on Tuesday, pointing to market volatility and investors' shaky appetite for risk. "We should actually have moderate targets and more focus should be on privatising," Tuhin Kanta Pandey, secretary in the Department of Investment and Public Asset Management, told Reuters in an interview. High targets lead to a perception that the government will sell minority stakes in state-run companies, prompting a fall in share prices of such firms, Pandey said. Finance Minister Nirmala Sitharaman last year announced plans to privatise all state-run companies barring a few in strategic sectors such as defence and telecommunications. Earlier this month, India invited initial bids to sell a 60.72% stake in IDBI Bank.
Abu Dhabi outperforms Gulf markets, IHC at record peak
  + stars: | 2022-10-18 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
Oct 18 (Reuters) - Abu Dhabi's stock market outperformed the Gulf region on Tuesday, buoyed by a surge in conglomerate International Holding Co (IHC) (<IHC.AD>), while the Egyptian index extended gains for a third session. The Abu Dhabi index (<.FTFADGI>) leapt 3%, its biggest intraday gain since May 2021, bolstered by a 8.3% jump in IHC. IHC, Abu Dhabi's most valuable listed company, is also seeking shareholder approval to increase the share capital to 2.19 billion dirhams ($596.26 million) from 1.82 billion dirhams. The Qatari index (<.QSI>) added 0.7%, led by a 1.8% gain in the Gulf's biggest lender Qatar National Bank (<QNBK.QA>). Outside the Gulf, Egypt's blue-chip index (<.EGX30>) was up 0.2%, extending gains for a third session.
Oct 17 (Reuters) - Saudi Arabia's stock market ended higher on Monday amid rising oil prices, although most Gulf bourses were subdued on concerns about global financial conditions. Register now for FREE unlimited access to Reuters.com RegisterThe benchmark index (<.TASI>) in Saudi Arabia advanced 1.4%, buoyed by a 2.9% rise in Retal Urban Development Co (<4322.SE>) and a 2.1% increase in Al Rajhi Bank (<1120.SE>). The Abu Dhabi index (<.FTFADGI>) fell 0.4%, hit by a 1% fall in telecoms firm e& (<ETISALAT.AD>), formerly known as Emirates Telecommunications. Outside the Gulf, Egypt's blue-chip index (<.EGX30>) finished 0.9% higher, extending gains for a second session, as most of the stocks on the index were in positive territory. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Four of the big six US banks (JPMorgan, Morgan Stanley, Citigroup, and Wells Fargo) all report their Q3 earnings today. Our friends over at Markets Insider will have the immediate reaction to all the revenue numbers as they're posted. That's clearly the message at Equifax, which fired at least 24 workers for secretly having second jobs, Insider reported Thursday. "I'm not sure how Equifax can be trusted with data when it uses it to spy on its own employees," an Equifax employee told Insider. Read our full story on how Equifax used its own tool to figure out if employees were working second jobs.
Most Gulf markets in red ahead of U.S. inflation data
  + stars: | 2022-10-13 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
Oct 13 (Reuters) - Most stock markets in the Gulf ended lower on Thursday, ahead of U.S. inflation data which is likely to shape the size of the Federal Reserve's next interest rate hike. read moreThe Saudi market could continue seeing negative performances while oil markets continue to show downside risk, said Farah Mourad, senior market analyst of XTB MENA. In Abu Dhabi, the index (<.FTFADGI>) eased 0.4%, with the UAE's biggest lender First Abu Dhabi Bank (<FAB.AD>) falling 1.3%. Outside the Gulf, Egypt's blue-chip index (<.EGX30>) retreated 0.5%, ending two sessions of losses, helped by a 0.8% increase in top lender Commercial International Bank Egypt (<COMI.CA>). Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Register now for FREE unlimited access to Reuters.com RegisterHe said that PIF's issuance of the first-ever 100-year green bonds showed investor confidence in its credit strength and Saudi Arabia's long-term commitment to energy transition. PIF sold $500 million of the 100-year bonds - the first bonds of that tenor from a debut issuer or a sovereign wealth fund, and the first 100-year issue in the region. Alaoui said the fund was expected to continue issuing green bonds, including green sukuk, or Islamic bonds, and to tap the onshore U.S. market in the coming years. Egypt, due to host the COP27 climate conference next month, became the region's first issuer of sovereign green bonds in 2020. First Abu Dhabi Bank (FAB.AD), which taps the market regularly and is one of the region's most active green issuer, followed up PIF's transaction a day later with a sale of $700 million worth of green bonds.
CAIRO, Oct 10 (Reuters) - Egyptian banks have tightened limits on foreign currency withdrawals from local currency accounts as they seek to conserve scarce dollars. Though no industry-wide rules have been announced, in recent days a number of banks have sent notifications instructing clients with Egyptian pound accounts of new monthly limits on how much foreign currency they can withdraw before travelling or when using debit and credit cards abroad. Because of domestic dollar scarcity, some customers had been depositing money in local currency in order to withdraw it in foreign currency at official rates abroad, said the source. The central bank has been letting the currency depreciate gradually after a sharp devaluation in March. Egypt is negotiating new financing from the International Monetary Fund, which has called for a more flexible exchange rate policy.
Gulf bourses track global shares, oil prices lower
  + stars: | 2022-10-10 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
Oct 10 (Reuters) - Stock markets in the Gulf fell on Monday, tracking global shares and oil prices lower, with the Saudi index extending losses for a third session. Global shares dropped after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds. Register now for FREE unlimited access to Reuters.com RegisterThe negative performance came after a volatile week during which investors continued to contemplate global economic conditions, said Wael Makarem, senior market strategist at Exness. In Abu Dhabi the index (<.FTFADGI>) dropped 0.8%, with the country's biggest lender First Abu Dhabi Bank (<FAB.AD>) losing 1.2%. The listing is the latest in a string of IPOs in the Gulf that have defied wider market trends.
Register now for FREE unlimited access to Reuters.com RegisterDUBAI, Sept 27 (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan (JPM.N) to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday. Sources told Reuters earlier this month that PIF would issue the long-planned green bonds this month or in October. Register now for FREE unlimited access to Reuters.com RegisterA debut issuance in tranches of five, 10 and potentially a longer-dated tenor will follow, subject to market conditions. "PIF is acting as the key vehicle to achieve KSA (the Kingdom of Saudi Arabia) green aspirations," the presentation said, referring to an ambitious economic reform agenda to wean the economy off oil. read more($1 = 3.7620 riyals)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yousef Saba; Editing by Louise Heavens and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Register now for FREE unlimited access to Reuters.com RegisterBahraini traders are pictured in Bahrain Bourse in Manama, Bahrain, November 5, 2020. REUTERS/Hamad I MohammedSept 21 (Reuters) - Most stock markets in the Gulf fell on Wednesday as investors braced for a hefty interest rate hike from the U.S. Federal Reserve, while escalating tension between Russia and Ukraine added to concerns. Saudi Arabia's benchmark index (.TASI) dropped 0.4%, hit by 0.6% falls in both Al Rajhi Bank (1120.SE) and oil giant Saudi Aramco (2222.SE). Outside the Gulf, Egypt's blue-chip index (.EGX30) fell 0.6%, snapping two sessions of gains. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Gulf bourses slide on elevated interest rate worries
  + stars: | 2022-09-19 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterBahraini traders are pictured in Bahrain Bourse in Manama, Bahrain, November 5, 2020. Dubai's main share index (.DFMGI) lost 0.4%, while the Abu Dhabi index (.FTFADGI) retreated 1%. In Qatar, the benchmark index (.QSI) slid 1.7% as most of the stocks on the index were in the negative territory including Qatar Islamic Bank (QISB.QA), which declined 4%. Outside the Gulf, Egypt's blue-chip index (.EGX30) rebounded 0.9% as investors traded into weakness after four consecutive days of decline tuned its stocks more attractive to buy in. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.
If you're looking for a jumbo loan, here are four mortgage lenders you should consider. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.
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Citi Bank; InsiderThe Citi® Double Cash Card is one of the most popular cash-back credit cards. Starting March 28, 2022, it will no longer earn cash back; instead, it will earn Citi ThankYou points. Starting March 28, 2022, the Citi® Double Cash Card will no longer earn cash back directly. Read more: Citi Double Cash card reviewWith the Citi® Double Cash Card, your points will be worth 1 cent each when you redeem for cash back, so there's no change in your effective earning rate. Here's what to know about the upcoming changes to the Citi® Double Cash Card.
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Persons: Avant, you've, OneMain Financial's, Prosper, There's, it's, Prosper Prosper, It's Organizations: AutoPay, autopay, OneMain, North, Citi, OneMain Financial, Citi Bank Citi, CNBC, CNBC Select's, Facebook, Twitter Locations: U.S, Alabama, California, Georgia, North Dakota, Ohio, Virginia, Carolina, Maine, Mississippi, West Virginia, Maine , Mississippi, North Carolina, autopay
Cifrele spun totul, iar o bună parte a oamenilor beneficiază în continuu de noi servicii și tehnologii ce le ușurează modul de viață. Digitalizarea produselor și serviciilor bancare oferă dezvoltare, siguranță în operațiunile online și mult timp economisit. Totodată, doar în primele patru luni ale anului, Victoriabank a înregistrat peste 1.1 milioane de tranzacții prin VB24, ceea ce demonstrează o schimbare a comportamentului consumatorului și o redirecționare evidentă spre segmentul digital. Utilizatorii de carduri își pot gestiona conturile de la distanță, prin: VB24 Web, VB24 Mobile, iar persoanele juridice prin VB24 Business. Victoriabank este inclusă în Registrul global al furnizorilor de servicii Visa în ceea ce privește securitatea plăților digitale.
Persons: Bogdan Pleșuvescu ., Victoriabank, Donica Organizations: Mobile, Banca Transilvania, BERD, Business, Victoriabank Locations: ghișeu, Moldova, România, Victoriabank, Mobile
Un desen de Banksy decupat din zidul pe care a fost realizat va fi expus la un muzeu britanicO lucrare a artistului stradal Banksy urmează să fie expusă în premieră la un muzeu britanic după ce a fost decupată din zidul lateral al unei clădiri, relatează vineri BBC, notează AGERPRES. Opera a fost cumpărată de John Brandler, proprietarul unei galerii, și decupată din zid pentru a fi „păstrată în condiții de siguranță”, spre dezamăgirea locuitorilor din zonă. Apariția desenului a stârnit interesul locuitorilor, care s-au așezat la coadă pe stradă pentru a-l admira, însă acesta a fost decupat din zid după ce Brandler a cumpărat opera în schimbul unei „sume din șase cifre”. Potrivit lui Dan Clarke, „din punct de vedere al muzeului”, decuparea lucrării este lăudabilă, în special pentru că a fost „destul de vandalizată”. El a precizat că Brandler a cheltuit mii de lire sterline pentru a proteja opera de artă.
Persons: John Brandler, Dan Clarke, Clarke, Banksy, Port Talbot Organizations: BBC, AGERPRES, Museum Locations: britanic, Nottingham, Bury St Edmunds, britanic Suffolk, Moyse’s, West Suffolk, Port, Banksy, Pest
Объявлен срочный сбор средств на лечение маленькой Александры Петровой из города Вулканешты, Молдова. Как рассказывает мама девочки Елена Петрова, дочка росла здоровой и не было никаких подозрений на болезнь. Сашеньке тогда было 1 год и 1 месяц», — сказала мама Елена корреспондентке nokta.md. Мы умоляем-помогите нашему ребенку остаться в живых!», — говорит мама Елена. Остаток к сбору — 716 тысяч 892 лея/ (41 595 долларов)Реквизиты для помощи указаны ниже:MOLDINCON BANK IBAN : MD27ML0000002259A6294941 ( MDL, USD, EUR) ( Елена Петрова, мама) PETROVA ELENA Агро Банк 4356 9600 6508 0399(ДОЛЛАРОВАЯ $) ( Елена Петрова, мама) PETROVA ELENA Агро Банк 4356 9600 6404 9114(ЕВРО €) ( Елена Петрова, мама) PETROVA ELENA Агро Банк 4356 9600 6407 2793(МОЛДАВСКИЙ ЛЕЙ) ( Елена Петрова, мама) PETROVA ELENA Агро Банк MDL-22593870621 ( Елена Петрова, мама) PETROVA ELENA Агро Банк USD-22594134619 ( Елена Петрова, мама) PETROVA ELENA Агро Банк EUR-2259413411 ( Елена Петрова, мама) PETROVA ELENA Сбербанк России 4817 7601 8945 7652 ( Оксана Викторовна Круглова,волонтер) OXANA KRYGLOVA карта привязана к номеру 8 906 663-61-81 Pay Pal : ksana.2020@bk.ru ( оформлен на волонтера Круглова Оксана Викторовна) Турция: Garanti Banka TR92 0006 2000 0050 0006 6250 13 (OLGA CRETU (волонтер)журналист Надежда Млечковаnokta
Persons: Medipol Hastanesi, Medipol, … —, PETROVA ELENA, PETROVA ELENA MDL, OXANA, ksana, OLGA CRETU, nokta, Александра Петрова, Сашенька, Елена Петрова, Елена, Сашеньке, Саша, РАК Сначала, капельницыСаша, плохоОна, Саше, Оксана Викторовна Круглова, Круглов, Оксана Викторовна, Надежда Млечкова Organizations: Центр матери и ребенка, Агро Банк (ДОЛЛАРОВАЯ $, Агро Банк (ЕВРО ), Агро Банк (МОЛДАВСКИЙ ЛЕЙ), Агро Банк, Сбербанк России ( Locations: Garanti Banka, Вулканешты, Молдова, Стамбул, Кагул, Кишинев, Турция
Jurnalism economic pentru studenții internaționali la una dintre cele mai prestigioase universități din China. Programul GBJ, un parteneriat dintre Centrul Internațional pentru Jurnaliști, Universitatea Tsinghua și Bloomberg News a fost desemnat ca unul dintre cele mai prestigioase programe de jurnalism economic în limba engleză de pe continentul asiatic. GBJ a instruit peste 200 de absolvenți internaționali din peste 65 de țări;# laboratorul Bloomberg are cel mai mare număr de terminale Bloomberg donate oricărei universități din lume. Astfel, noul Tsinghua Future Media Lab este un centru multimedia de ultimă generație, disponibil pentru studenții GBJ. Acești solicitanți trebuie să aibă un pașaport valabil și o diplomă de licență.
Persons: GBJ, Alții Organizations: Global, Journalism, Universitatea Tsinghua, News, Global Business, South China Morning Post, Xinhua News, New Media, Ogilvy Locations: China, Beijing, asiatic, Chinei, New, Tsinghua, CNBC, South China, Ogilvy China, Bank, America
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