Financial markets
SICO Capital, a leading financial services provider, has announced its voluntary withdrawal as the fund manager for SICO Saudi REIT, effective immediately. This transition comes after the fulfillment of regulatory requirements, including unitholders' approval and Wasatah Capital's acceptance. The Capital Market Authority (CMA) has approved the change,
Financial markets
The New Zealand Financial Markets Authority has released a report highlighting the improvements made by insurance companies in their claims processes since the Canterbury earthquakes, but also identifying areas for further improvement. The report, which focuses on the insurance sector's response to the Auckland Anniversary Weekend flooding and
Financial markets
The European Central Bank (ECB) meeting has left investors with more questions than answers, particularly regarding the likelihood of a further interest rate cut later this year. Despite ECB President Lagarde keeping the door open for rate cuts, the market has shifted towards a more cautious stance, with the probability
Financial markets
Bangladesh Bank, the country's central bank, is poised to revise its contractionary monetary policy, aiming to ease interest rates in response to lower-than-desired credit growth observed in the previous fiscal year. The policy shift is prompted by the Monetary Policy Committee's (MPC) suggestion to reduce interest
Financial markets
Thatta Cement Company Limited was at the center of notable price movements on the Pakistan Stock Exchange (PSX) on July 30, 2025. The company's stock, with the symbol THCCL, experienced fluctuations across different settlement types, including regular market and futures contracts. The price movements were categorized as Minor,
Financial markets
Caliber, a real estate investor, developer, and manager, today announced that it will release its second quarter 2025 financial results after the close of the stock market on Wednesday, August 13, 2025, followed by a webcast/conference call at 5:00 pm ET. The company's 16-year track record
Financial markets
Sri Lanka has become the first country in South Asia to join the global drive to adopt the International Sustainability Standards Board (ISSB) Standards. As part of this effort, the IFRS Foundation has released jurisdictional profiles, including Sri Lanka, providing capital markets with greater transparency on how countries are aligning
Financial markets
Arabia Insurance Company-Jordan (AICJ), a leading insurance provider, witnessed a significant change in its stock price on July 29, 2025, as per the latest data from the Amman Stock Exchange. The company's stock, listed in the insurance sector, experienced a decrease in its closing price, indicating a substantial
Financial markets
Beijing is witnessing a significant shift in the demand for Renminbi (RMB) assets, driven by increasing concerns over global economic uncertainty and the potential decline of the US dollar's credit. According to a survey by the International Monetary and Financial Institutions Official Forum, 30% of central banks around
Financial markets
NH-Amundi, the Korean asset manager jointly owned by NongHyup Financial Group and Amundi, has collaborated with STOXX to launch the HANARO Europe Defense ETF in the Korean market, marking a significant milestone in providing timely investment access to European defense enhancement. This new ETF, listed on the Korea Stock Exchange,
Financial markets
Sri Lanka has made a significant commitment to global sustainability by joining the International Sustainability Standards Board (ISSB) and adopting its standards, becoming one of the first jurisdictions in the world and South Asia to do so. This move is aimed at improving transparency and comparability in sustainability reporting, enabling
Financial markets
Kuwait Finance House (KFH) has announced that the Central Bank of Kuwait has approved its Interim Condensed Consolidated Financial Information for the period ending June 30, 2025. This approval includes recommendations for semi-annual cash dividends of 10% of the par value per share, equivalent to 10 Fils per share. As
