DUBAI, UAE: ENBD REIT (CEIC) PLC, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, is considering the strategic disposal of a real estate asset that accounts for more than 5% of its Net Asset Value (NAV), a news release said. The Board of Directors has received and accepted a…
What is Chief Executive Officer (CEO)?
A chief executive officer (CEO) is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors (the board) and corporate operations and being the public face of the company. A…
Moody’s re-affirms Qatar Islamic Bank’s A1 rating with stable outlook
DOHA, QATAR: Moody’s Investors Service has reconfirmed the long-term deposit rating of Qatar Islamic Bank (QIB) at A1, with a stable outlook, a news release said. Moody’s said in its Credit Opinion Report that QIB’s assigned rating reflects the bank’s strong asset quality, strong and stable profitability, adequate capital and liquidity buffers, supported by its…
Reliance Petrochem Industries petrochemicals exports to Europe
KARACHI, PAKISTAN: Reliance Petrochem Industries has secured a $145 million export order for Europe, and dispatched the first ever shipment of Made in Pakistan petrochemicals including white oils and textile oils. “First time in history ‘Made in Pakistan’ petrochemicals were launched in Barcelona Spain. We made this first export by bulk ship from Pakistan,” the…
Pakistan LNG Limited seeks 9 LNG cargoes of 140,000 cubic meters each
KARACHI: Pakistan LNG Limited (PLL) has invited bids for the supply of nine LNG cargoes of 140,000 cubic meters each on fixed dollar rate and tendering schedule for deliveries are from July 08 to August 28. The last date for bidding has been set at June 2nd, PLL noted in the tender. The PLL has…
What is a Global Depositary Receipt (GDR)?
A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. GDRs list shares in two or more markets, most frequently the U.S. market and the Euromarkets, with one fungible security, Investopedia suggests. GDRs are most commonly used when the issuer is raising capital in…
What is American depositary share (ADS)
An American depositary share (ADS) is an equity share of a non-U.S. company that is held by a U.S. depositary bank and is available for purchase by U.S. investors. The entire issuance of shares by a foreign company is called an American Depositary Receipt (ADR), while the individual shares are referred to as ADSs, Investopedia…
The Nasdaq Stock Market
The Nasdaq Stock Market, a trusted pillar of capital markets and innovation – providing US equities markets liquidity, resiliency and transparency to propel investment ideas into fruition. Solutions designed with the imperative to address evolving investor and issuer needs while elevating the trading experience for all market participants through a comprehensive suite of functionalities, order…
What is Carbon Capture and Storage (CCS)
Carbon capture and storage (CCS) or carbon capture and sequestration is the process of capturing emitted carbon dioxide (CO. 2), transporting it to a storage site, and depositing it where it will not enter the atmosphere, according to Wikipedia. Carbon capture, utilisation and storage, or CCUS, is an important emissions reduction technology that can be…
What is Memorandum of Understanding (MoU)
A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract, Investopedia suggests. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose…
What is Initial Public Offering (IPO)?
The Initial public offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process by which a private company can go public by sale of its stocks to general public. It could be a new, young company or an old company which decides to…
S&P Global Ratings Reaffirms Halyk Bank’s rating; outlook stable
LONDON, UK: S&P Global Ratings has affirmed its ‘BB/B’ long- and short-term issuer credit ratings and its ‘kzA+’ Kazakhstan scale rating on Halyk Savings Bank of Kazakhstan. The outlook is stable. S&P Global Ratings has noted that the Bank has reduced its stock of problem assets substantially over the past several years, and believes that…