Bloomberg Federal investigators are seeking to question the chiefs of India’s biggest lenders as they widen their probe into the $2 billion fraud at Punjab National Bank. The Enforcement Directorate has written to the heads of 31 banks asking to meet officials about the fraud, according to people familiar with the matter. The investigators will start with state-run PNB on ...

Reuters Kazakhstan’s financial centre expects the government to issue Islamic bonds, or sukuk, in coming months as part of efforts to develop Islamic finance business in the central Asian country, an official said on Tuesday. Final legislative changes to allow issuance of sovereign sukuk are nearly complete, alongside registration of a special purpose vehicle by the Ministry of Finance, said ...

DUBAI / Reuters Egypt’s EFG Hermes is considering adding 20 percent more staff as one of the region’s biggest investment banks expects an improved deals outlook in Saudi Arabia by the second half of the year, a senior executive told Reuters. “There is massive interest in Saudi, but you will find that a lot of people are looking at it ...