Insurance broker TWFG (TWFG.O), opens new tab, backed by U.S. reinsurer RenaissanceRe (RNR.N), opens new tab, said on Wednesday it priced its initial public offering (IPO) above its indicated range, seeking to raise up to $187 million. TWFG priced its 11 million […]
Blackstone (BX.N), opens new tab said on Thursday its second-quarter distributable earnings rose 3% from a year earlier, as a jump in asset sales in its private equity and credit divisions more than offset a slump in its real estate arm. The […]
Indonesia’s central bank held its benchmark interest rate steady on Wednesday, as expected, saying the current level remained consistent to manage inflation through to 2025 and stabilise the rupiah, while eyeing room for easing in the fourth quarter. The seven-day […]
The bank said profit surged 41% from the year-earlier period to $3.08 billion, or $1.82 per share, helped by a rebound in Wall Street activity. Revenue rose 12% to $15.02 billion. Shares of the bank had declined earlier in the […]
South Africa’s key benchmark interest rate, the Johannesburg Interbank Average Rate (JIBAR), will expire in 2025 and be replaced by a new index, promising a significant improvement in the calculation of interest rates in the country. The South African Reserve […]
Mary Vilakazi is the new Group Chief Executive Officer of FirstRand – South Africa’s largest bank by market cap. Last year, FirstRand announced that then-CEO Alan Pullinger would step down as group CEO and be succeeded by Vilakazi, who was […]
MUMBAI, June 11 (Reuters) – The lobby group for Indian non-banking lenders on Tuesday asked for a review of a recent proposal from the central bank calling for an increase in the provisions that lenders have to set aside against […]
RIYADH, May 24 (Reuters) – Saudi Arabia’s $925 billion sovereign wealth fund is weighing a reorganization that could see managers assume some internal responsibilities from governor Yasir Al-Rumayyan, people familiar with the matter told Reuters. The Public Investment Fund (PIF) […]
May 22 (Reuters) – Biogen (BIIB.O), opens new tab said on Wednesday it had agreed to buy privately held Human Immunology Biosciences for up to $1.8 billion, bulking up on rare disease medicines as its older multiple sclerosis drugs face tepid demand […]
According to a report by the Digital Government Authority, the digital transformation market in Saudi Arabia is expected to reach a value of 80 billion Saudi Riyals ($21,3 billion) by 2030. This growth is attributed to several factors, including: 🔸️ Governmental […]
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