MIDDLE EAST AND NORTH AFRICA
* National Bank of Kuwait SAKP reported third-quarter net profit attributable to shareholders of 73.7 million Kuwaiti dinars, up from 68.6 million dinars a year ago.
* Qatar is planning to raise at least $9 billion from the issue of international bonds, primarily aimed at investors in Asia, the U.S. and Europe, to compensate for a lack of investor interest from within the Gulf region as a result of the country's ongoing diplomatic rift with a group of neighboring Arab nations, insiders told Bloomberg News.
* The Abu Dhabi Global Market's Financial Services Regulatory Authority laid out guidelines of its approach to initial coin offerings and virtual currencies, offering regulatory clarifications for those seeking to use such technology to raise funds and those considering investing in them.
* Bank AlJazira mandated Alinma Investment Co. and JP Morgan Saudi Arabia as financial advisers to manage a planned rights issue, according to Argaam.
* The Central Bank of Iran signed a cooperation agreement with the Turkey-based Economic Cooperation Organization Trade & Development Bank, the Financial Tribune reported. The move would allow the Turkish lender to expand its operations in Iran and grant loans and finances to development projects in the country.
* Algeria's parliament has authorized its central bank to lend directly to its treasury, sparking fears of inflation in a country which has been hit by falling oil revenues, Jeune Afrique wrote.
* Japan-based Nomura Holdings Inc. named Mark Yassin executive chairman for the Middle East and North Africa.
EAST AND WEST AFRICA
* The Central Bank of Kenya and Kenya Deposit Insurance Corp. received a nonbinding offer from Mauritius-based financial services group SBM Holdings Ltd. for the acquisition of certain assets and matched liabilities in Chase Bank (Kenya) Ltd. The proposed transaction, which is seen as a viable proposal for the substantial resolution of Chase Bank, is expected to conclude by the end of 2017.
* Ethiopian banks are adopting a national electronic payment system called EthioPay, currently used by five of the country's 18 banks, Financial Afrik said. The move is partly meant to preserve foreign exchange currently taken up by card and software payments to Visa.
* Liberians are set to vote today in the first round of elections for a new president to replace Ellen Johnson Sirleaf, who is stepping down from the post after leading the West African nation since 2006, Bloomberg News reported. A run-off is expected to be held next month if no candidate wins 50% of the votes in the first round.
* Jim Baiden, Fidelity Bank Ghana Ltd.'s managing director, said the lender is looking at potential mergers with other banks in the country as part of efforts to pursue its growth strategy, Citi Business News wrote. Baiden noted that meeting the Bank of Ghana's new 400 million cedi capital requirement for local lenders is "not a problem at all" for Fidelity Bank.
CENTRAL AND SOUTHERN AFRICA
* Zimbabwean President Robert Mugabe named Home Affairs Minister Ignatius Chombo as the country's new finance minister, replacing Patrick Chinamasa, as part of a cabinet reshuffle, Reuters reported. Chinamasa will head a newly created cyber security ministry.
* A High Court judge in Pretoria ruled that India-based Bank of Baroda should temporarily keep open the accounts of companies controlled by the controversial Gupta family, amid an ongoing legal battle between the bank and the Gupta-owned firms, fin24.com reported. The lender previously said it would close the accounts by August-end.
* Reserve Bank of Malawi Governor Dalitso Kabambe said the government has approved Islamic banking system in the country, Nyasa Times reported.
IN OTHER PARTS OF THE WORLD
Asia-Pacific: Indonesia to probe StanChart asset transfer; Reliance General files for IPO
Europe: EC antitrust raids; HSBC chooses new CEO; Deutsche Börse in euro-clearing push
Latin America: Balboa-BCT deal approved; Prisma's potential buyers named
North America: OneMain may sell itself; CIT inks deal to sell reverse mortgage servicing biz
North America Insurance: Trump order could split insurance market; judge tosses suit against UnitedHealth
Leo Magno, Pádraig Belton and Mariana Aldano contributed to this report.
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