United Bank, Afreximbank to finance Egyptian exports to Africa
The United Bank and the African Export-Import Bank (Afreximbank) have announced a collaboration programme to provide financing and insurance packages…
Trading, Broking & Stock Exchanges
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Boursa Kuwait launches educational portal for capital markets knowledge
Boursa Kuwait has announced the launch of a new, free of charge digital education portal, ‘Boursa Academy Online’, aimed to…
HSBC named lead bank for 20% listing of Egypt’s AMOC IPO: ministry
HSBC has won the mandate to lead the sell-down of the state’s stake in the Alexandria Mineral Oils Co (AMOC),…
National Fund set to buy IDFC infra debt fund
The National Investment and Infrastructure Fund (NIIF), in which Abu Dhabi Investment Authority and Temasek are investors, is close to…
National Bank of Oman hires banks for new dollar bond issue
National Bank of Oman has mandated banks to arrange a series of fixed income investor meetings ahead of a potential…
Burgan Bank can take advantage of new business opportunities with capital increase
The bank set the subscription period between 20 September and 10 October and plans to issue 240,581,530 new shares at…
We Got Funded: The Luxury Closet Founder Kunal Kapoor On The Startup's US$8.7 Million Growth Funding
The Luxury Closet, a Middle East luxury resale marketplace, has successfully raised US$8.7 million in growth funding in a round…
Meet stock investors' new Gulf darling
Kuwaiti stocks have outperformed most of their Gulf peers since MSCI Inc. said in June that it might announce the…
Shuaa to hold 87.22% stake in Kuwait's Amwal investment bank after acquisition
Shuaa Capital’s plans to acquire Kuwait's Amwal International Investment Company is one step closer after Amwal shareholders, who collectively own…
DFM International Investor Roadshow in London attracts 49 institutions, 28% of them are first timers
The Dubai Financial Market (DFM) International Investor Roadshow in London has achieved tremendous success connecting representatives of 49 international institutions…
Abu Dhabi exchange's new tick size to improve liquidity
The Abu Dhabi Securities Exchange has started trading with the new tick size for stocks of companies with a share…
Saudi king tipped the scale against Aramco IPO plans
The king spoke, and a $2 trillion dream went up in smoke. For the past two years, Saudi Arabia…