Bank shares drag Tadawul down
The Tadawul All Share Index on Tuesday fell 0.4 percent in thin trade. Banking shares were the main drag…
Trading, Broking & Stock Exchanges
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Al Ghurair International Exchange launches IMPS service for Indian customers in UAE
Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the immediate…
Saudi Aramco hires Moelis for historic $2 trillion flotation
Oil titan Saudi Aramco has reportedly hired investment bank Moelis to work on its stock market flotation, which is set…
South Korea in CPEC
The China-Pakistan Economic Corridor offers huge business and investment opportunities to all countries and global institutions. Since the project…
Banque du Caire officially requests listing on Cairo bourse, eyes IPO in H1
Egypt’s third biggest bank, state-owned Banque du Caire has officially requested to have its shares be listed on the local…
Egypt successfully issues 'unprecedented' $4 bln in Eurobonds, filling funding gap for 2016/17
Egypt successfully issued $4 billion in Eurobonds on the global bond market, the largest issuance in Egypt and Africa, bridging…
GIB successfully launches US$500 million five year bond
Gulf International Bank’s latest bond issue met with robust demand as the bank on 18th January, 2017 successfully priced its…
Alternatives thrive as UAE investors cast nets wide
The 30 year bond rally as well as a US equity market rally nearing 10 years are making local investors…
Mideast Stocks – Saudi And Kuwait Continue Uptrends, UAE Pulls Back
Stock markets in Saudi Arabia and Kuwait continued uptrends on Wednesday, attracting regional investors' money away from the United Arab…
Abu Dhabi Investment Council’s stake in ADCB rises after lender’s capital reduction
Abu Dhabi Commercial Bank says its main shareholder, the Abu Dhabi Investment Council, now owns 62.52 per cent of the…
Tadawul registers big gains, UAE bourses end lower
Shares in Saudi Arabia topped gains across the Arabian Gulf yesterday, with UAE bourses closing slightly lower. Saudi banks…
2017 is the year of harvesting fruits of 2016 economic reforms: Tinawi
CEO of Arab Banking Corporation, Egypt Akram Tinawi said that 2017 is the year in which Egypt will reap the…