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Egypt's Beltone files lawsuit against heads of bourse and watchdog

CAIRO, June 26 Egypt's Beltone Financial has filed a lawsuit against the heads of the Cairo stock exchange and Financial Supervisory Authority over the repeated cancellation of trades on its stock, according to two sources and a court document seen by Reuters.

6:33pm IST

Deutsche Bank CEO says London financial centre will weaken but won't die

BERLIN, June 26 The chief executive of Deutsche Bank says London will not die as a financial centre but it will become weaker after Britain voted to leave the European Union.

6:09pm IST

Saudi bank ANB proposes 0.45 riyals/share dividend for H1 2016

DUBAI, June 26 Arab National Bank, Saudi Arabia's seventh-largest lender by assets, has proposed paying a cash dividend of 0.45 riyals ($0.12) per share for the first half of 2016, it said in a bourse statement on Sunday.

5:49pm IST

RPT-Brexit baffled punters, pundits and fund managers to the very end

BOSTON, June 25 Nearly everyone, from London gamblers to U.S. money managers got it wrong. Britain's vote to leave the European Union shocked pundits, investors and politicians alike, underscoring the inherent difficulty of forecasting such rare events.

5:30pm IST

Dubai Islamic Bank says 3.2 bln dirham rights issue oversubscribed

DUBAI, June 26 Dubai Islamic Bank has completed its 3.2 billion dirhams ($871.3 million) rights issue aimed at bolstering its capital, with the issue roughly three times oversubscribed, it said on Sunday.

5:06pm IST
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