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Malaysia's Maxis Broadband plans Sukuk issuance
(CPI Financial - 30/06/2016)

Maxis Broadband has unveiled plans for unrated Islamic medium term notes with a nominal value of up to MYR 10 billion. In a statement to Bursa Malaysia on 29 June Maxis announced that a lodgement has been made on 29 June 2016 with the Securities

Top Sukuk arranger seeks South Asia partners as momentum shifts
(Bloomberg - 30/06/2016)

The world's biggest Islamic bond arranger plans to venture into South Asia as it seeks to capture more business beyond its traditional base in Malaysia. CIMB Islamic Bank is exploring opportunities in retail and corporate Shariah-compliant services in

Services extended to unbanked world
(The Gulf Today - 30/06/2016)

MasterCard, a company in the global payments industry is extending its benefits and security of electronic payments to the unbanked across the world. The company plans to achieve this through broad-based collaboration with public and private sector

Markets extend rally as Brexit nerves settle
(The Gulf Today - 30/06/2016)

European and Asian stock markets built on a recovery from the aftermath of last week’s Brexit vote on Wednesday as investors wagered central banks would ultimately ride to the rescue with more stimulus. UK and European banks, a centre of concern since

Stocks fight back after Brexit beating
(The Gulf Today - 29/06/2016)

World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped

IMF to release $501 million to Pakistan
(The Gulf Today - 29/06/2016)

The executive board of the International Monetary Fund (IMF) has completed the eleventh review of Pakistan’s economic performance, enabling the immediate disbursement of $501 million to the country. A statement issued by the IMF headquarters in

China central bank says debt, financial risks under control
(Arab News - 28/06/2016)

China’s debt and financial risks were under control, the central bank said on Monday, adding that it would continue to implement prudent monetary policy and proactive fiscal policy. In its 2016 financial stability report, the People’s Bank of China said

London’s global financial hub wary of more isolated future
(Arab News - 27/06/2016)

In the streets of the City of London, the heart of Britain’s global financial hub, it’s difficult to find someone who voted to leave the European Union. The financial industry has for decades grown — and grown rich — from being the gateway to the EU for

Investors hide in top-rated German debt as Brexit rocks Eurozone
(Gulfnews - 26/06/2016)

Investors ran for the safety of top-rated German debt and ditched bonds in riskier southern Europe on Friday as Britain’s vote to leave the European Union gave Eurozone markets their biggest shock since their 2012 crisis. German bond yields — an

British brace for economic repercussions of EU exit decision
(Gulfnews - 26/06/2016)

The British were warned for weeks that a vote to leave the European Union (EU) would result in economic pain. Now they’ll find out. UK financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and

World stocks firm on eve of UK referendum
(The Gulf Today - 23/06/2016)

Stocks and sterling rose while safe-haven assets gold and bonds slipped on Wednesday, as investors grew more optimistic Britain would vote to remain in the European Union in its referendum on Thursday. Riskier markets also drew support from Federal

IMF warns US over high poverty and inequality
(Arab News - 23/06/2016)

The International Monetary Fund has warned the US over poverty and rising inequality in the country, saying both could hold back its economic potential. The IMF cut its outlook for US economic growth this year to 2.2 percent, compared to 2.4 percent

China to continue prudent monetary policy
(The Gulf Today - 22/06/2016)

China plans opening measures that may allow foreign firms to list shares in the nation and will continue its “prudent” monetary policy this year, the People’s Bank of China said in its 2015 annual report released on Tuesday, echoing recent descriptions

Philippine consumer confidence second highest in the world
(Saudi Gazette - 22/06/2016)

Confidence among Filipino consumers continue to be the highest in Southeast Asia and second in the world, edging up two points to a score of 119 in the first quarter of 2016, according to the latest Nielsen Global Survey of Consumer Confidence and

Stocks, sterling surge on weak Brexit momentum
(The Gulf Today - 21/06/2016)

Global stock indexes jumped on Monday and sterling rebounded broadly after polls showed support for Britain staying in the EU strengthened before Thursday’s referendum. At the start of what could be a frenetic weak for global markets, safe-haven assets

’BRICS bank’ to issue bonds in members’ local currencies
(Arab News - 21/06/2016)

The New Development Bank (NDB), an infrastructure-focused lender established by the BRICS emerging economies, plans to issue debt in the local currencies of its five member countries, the bank’s president said. Known as the BRICS bank, the NDB is seen by

Banking watchdog may leave London
(Arab News - 20/06/2016)

The European Union’s banking watchdog will move from London to another European capital if Britain decides to quit the bloc in a referendum, its chairman said. Britain votes on June 23 on whether to stay in the 28-member bloc, a choice with far-reaching

Wall Street: Heavy trading predicted around UK vote
(Arab News - 19/06/2016)

US stock markets could see heavy trading and increased volatility as investors position for next week’s referendum on whether Britain remains in the European Union. The June 23 vote could have big implications for the global economy and US stocks. Add to

Pakistani stocks shoot up after MSCI upgrade
(The Gulf Today - 16/06/2016)

Pakistani stocks hit a record high on Wednesday after US index firm MSCI upgraded the country to “emerging market” status on its influential global equities index for the first time since 2008. The benchmark Pakistan Stock Exchange gained 1,042 points,

Average costs for solar and wind electricity could fall 59% by 2025
(Arab News - 16/06/2016)

The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 percent by 2025, according to a report released today by the International Renewable Energy Agency (IRENA). The report, The Power to Change:

China needs to implement reforms: IMF
(The Gulf Today - 15/06/2016)

China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund (IMF) official said on Tuesday. “The near-term growth outlook has turned

Airbus finalises agreement to build helicopter plant in China
(The Gulf Today - 14/06/2016)

Airbus Helicopters, the world’s largest supplier of commercial helicopters, finalised an agreement on Monday to build an assembly line in China as part of a deal to sell 100 H135 helicopters to a local consortium. The helicopter sale is worth 700

Brexit fear jolts global stock markets
(The Gulf Today - 14/06/2016)

Fears that Britain may be on the verge of voting to leave the European Union next week coursed through global financial markets on Monday, sending Asian and European shares sharply lower and the pound to an eight-week low. With growth looking shaky,

IMF to approve $510m tranche for Pakistan
(The Gulf Today - 13/06/2016)

The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on June 27 to approve disbursement of $510 million to Pakistan that would jack up the country’s foreign exchange reserves beyond $22 billion by end of current fiscal year.

Chinese stock prices remain in the doldrums
(Arab News - 13/06/2016)

Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China’s stock market crashed last summer, wiping out trillions of dollars in valuations in just days. A year later, and she has been burned twice,