CAIRO / WAM Sameh Shoukry, Egyptian Minister of Foreign Affairs, highlighted his country’s willingness to continue working closely with the UAE during its COP28 presidency. He also stressed the importance of maintaining the commitment of developed countries to their financing pledges, as well as accelerating the reforms of international financing institutions and multilateral development banks to finance the efforts aimed ...

DUBAI / WAM Al Ansari Financial on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a press statement, Al Ansari said that 750,000,000 (seven hundred and fifty million) shares, each with a nominal value of AED0.01 (one fils) will be made ...

BLOOMBERG Citigroup Inc Chief Financial Officer Mark Mason said his firm will adjust headcount in its investment banking division as necessary as it continues to look for ways to boost profits. For years, Citigroup has been beefing up its investment bank, including through hires in sectors like energy, biotechnology and healthcare, Mason said in an interview with Bloomberg Television. Still, ...