08/01/2014
Bahrain Bourse (BHB) was the best performing market in the second quarter, gaining 5.2 per cent, followed by Oman's stock market with a 2.2pc gain, according to National Bank of Kuwait (NBK) research.
08/01/2014
National Takaful Company (Watania) revealed in a brief filing to the Abu Dhabi Securities Exchange on 27 July that its majority shareholders had made a binding agreement to sell stakes to ‘strategic investors’ from the Gulf region.
07/30/2014
Several five-star hotels have opened in many of Dubai’s tourist hubs this year
07/27/2014
These coins were designed to stand as national emblems in honour of our leaders His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Mini
07/27/2014
The Abu Dhabi Investment Authority is ready to purchase more real estate hotel assets as the right opportunities appear
07/27/2014
Technical profits (core business) decreased by 19pc over the period under study, from BD1.6m in 2013 to BD1.3m in the current year, mainly due to the increase in loss ratio in motor department and also due to provision of additional reserves (BD133,000) f
07/27/2014
The resultant increase in net interest income was partially offset by lower interest received from impaired loans
07/27/2014
In a short bourse filing, Watania said the deal was subject to regulatory approvals. It did not disclose the value of the deal, nor the size of the stake being sold.
07/25/2014
Planned investments in power generation and distribution as well as upstream oil and gas along with its emphasis on increasing 'In-Country Value' will see further development of ancillary industries and more private sector participation in manuf
07/25/2014
H.E. Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company, said. “Despite of the fierce competition, Abu Dhabi National Takaful remains in the quest for excellence constant at all levels.
07/25/2014
The Qatar Investment Authority in November 2007 walked away from its £10.6bn or 600p a share bid, saying credit markets had made raising funds too expensive.
07/24/2014
SR1bn Eid boost: SAMA injects new currencies
Most countries in the world print their currencies in foreign countries through specialized companies, such as Banknote of Canada, De La Rue of UK, Giesecke & Devrient of Germany and Crane of Sweden. About 50 percent of 171 countries print part of the
07/24/2014
The government of Ras Al Khaimah owns about 50 percent of each company.
07/23/2014
Bahrain hires four banks for new US dollar bond - sources
The Kingdom of Bahrain, rated Baa2/BBB/BBB, has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange a new US dollar bond issue
07/23/2014
Following a cabinet approval, the largest equity market in the MENA region, the Kingdom of Saudi Arabia, should soon become open for direct foreign investments.
07/23/2014
Istanbul Home Purchases Double from Foreign Investors
These figures show that in the first four months, those properties purchased in Turkey increased by 42% year on year, whilst the figure has more than doubled in Istanbul.
07/22/2014
Saudi Arabia will open up its stock market to international investors, giving foreigners greater access to the Arab world’s biggest bourse as the oil-rich kingdom seeks to diversify its economy.
07/22/2014
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.
07/22/2014
The Al Waseela Fund (Q-Class) was also ranked the second best Qatar Equity Fund, which capped a successful evening for Commercial Bank and EFG-Hermes at the awards ceremony held in Dubai recently.
07/22/2014
The development is seen as good for both the local market and the wider Middle East region