Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole.Company News Business
Metaverse unrolls new prospects, risks for insurance
Many risks companies face in the real world exist in the metaverse, albeit with a digital twist, requiring insurance players...Many risks companies face in the real world exist in the metaverse, albeit with a digital twist, requiring insurance players to come up with a new set of liability policies
Many metaverse projects feature content creation that may implicate IPR, thereby triggering the same coverages or, potentially, commercial general liability coverage
Agthia 2021 acquisitions worth $630m
The Group is planning a new acquisition in Egypt.Agthia aims to expand geographically in markets such as Egypt and Pakistan, noting its 60 percent acquisition of Abu Auf Group in Egypt.
The group's products are currently available in more than 45 markets in North America, Europe, Asia, North Africa and the Middle East.
‘Jordan committed to combating terror financing’
Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...Governor of the Central Bank of Jordan said that terror financing is a threat to national economies
The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing
Malaysia Airlines to acquire 20 planes
The airline will buy 10 planes and lease the 10 others from Avolon.The plane was worth $296.4 million according to the last published catalogue prices in 2018.
The A330neo will gradually replace 21 older-generation A330neo planes in the Malaysia Airlines fleet.
Jordan’s anti-corruption body launches National Integrity Index
The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...Jordan Integrity and Anti-Corruption Commission launches National Integrity Index to gauge public bodies adherence to anti-corruption standards
The NII aims to support the commission's efforts to combat corruption and foster an anti-corruption public culture
Museum, DEWA partner for sustainable development
The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy
The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges
Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%
The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days.
The expected return on the issue, which begins on 17 August and matures on 16 November, is 3.80 percent compared to 3.96 percent of the previous issue on 13 July.
DGCX licensed brokerage firms can now become DFM derivatives members
Dubai Financial Market (DFM) said Monday that it has obtained the approval of the Securities and Commodities Authority (SCA) to...Securities and Commodities Authority approves DFM to allow such firms to become DFM derivative members and provide their services in the market for the first time.
Currently, there are approximately 21 DGCX brokers licensed by SCA and this significant step caters to the growing demand from these companies to access the DFM.
Saudi real estate fund signs 58,000 housing support contracts in H1
Saudi Arabia’s Real Estate Development Fund has signed more than 58,000 financing contracts for the kingdom’s various housing support programs...One of the goals of kingdom's transformative Vision 2030 is to raise the percentage of house ownership to 70 percent,
The number of the beneficiaries of housing support programs from June 2017-June 2022 is more than 660,000.
Solutions by stc to buy Giza
The 89.49% stake in Giza Systems will cost it $158m.The company had entered a binding deal for the takeover of the stake in Giza Systems in addition to 34 percent of its unit, Giza Arabia
The transaction is expected to be completed by the fourth quarter of 2022
