Financial markets
Abu Dhabi Islamic Bank-Egypt has shown a year-to-date price change of 3.94% as of May 18, 2025, indicating a strong financial momentum in the banking sector. The bank's shares, with a par value of 10.00 Egyptian Pounds, total 600 million, leading to a paid capital of
Financial markets
Turkiye and Qatar are positioned to accelerate their growing collaboration in Islamic finance, which has significantly strengthened sectoral ties and fostered financial integration between the two nations. A top official from the Participation Banks Association of Turkiye (TKBB) has emphasized the need for joint issuance of sukuks and cross-listing on
Financial markets
Caliber, a leading real estate investor, developer, and manager, has regained compliance with Nasdaq Listing Rule 5550(a)(2) by meeting the minimum bid price requirement of $1.00 per share for 30 consecutive business days. The company received written notice from The Nasdaq Stock Market LLC on May 16,
Financial markets
AirNet Technology Inc. has announced that it has received a notification from Nasdaq stating that the Company is no longer in compliance with the requirement of maintaining a minimum of $2,500,000 in stockholders' equity for continued listing on the Nasdaq Capital Market. The notification has no immediate
Financial markets
The Islamic Financial Services Board (IFSB) has released the 13th edition of its Islamic Financial Services Industry (IFSI) Stability Report 2025, showcasing a significant increase in total global assets, with a growth rate of 14.9% year-on-year. This renewed momentum is driven by high year-on-year growth across key sectors, including
Financial markets
Canaan Inc., a technology company focusing on ASIC high-performance computing chip design, has announced that it received a written notice from the Nasdaq Stock Market LLC indicating that the company's American depositary shares (ADSs) were not in compliance with Nasdaq Listing Rule 5550(a)(2) due to a
Financial markets
Trading on Watania's shares in the Dubai Financial Market (DFM) resumed after the company disclosed the outcomes of its recent Board of Directors meeting. This allowed the company's shares to be actively traded once again, fulfilling a regulatory requirement aimed at ensuring transparency for investors. Market
Financial markets
US stocks are experiencing a rally on Friday, with the Dow 30 index poised for gains, the S&P 500 set for its fifth-straight win, and the Nasdaq Composite also set to rise, driven by optimism over the US-China trade deal and easing inflation pressures. This week has been
Financial markets
The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have published a joint research study examining the potential for central banks to implement monetary policy operations in hypothetical tokenized wholesale financial markets. The project, dubbed Project Pine, found that central banks could use programmable smart
Financial markets
Real estate fractional ownership platform Strata has chosen to surrender its registration with the Securities and Exchange Board of India (Sebi) after a series of legal disputes and investor concerns arose over due diligence and asset control. The company, which received Sebi's approval to launch its SM REIT
Financial markets
Dubai Islamic Bank PJSC (DIB) shares experienced a slight increase on May 15, 2025, as trading activities unfolded on the Dubai Financial Market (DFM). The bank's stock opened at 7.80 AED, matching its previous closing value, and reached a high of 7.84 AED and a low
Financial markets
The Arab Jordan Investment Bank experienced a small increase in its share price on May 15, 2025, as reported by the Amman Stock Exchange. The bank's stock, part of the designated financial market category, settled at JD 1.28, a JD 0.01 increase from its last closing
