Bahrain Said to Mandate JPMorgan, BNP, StanChart for Bond Sale
Bahrain picked five banks including JPMorgan Chase & Co. to manage the third sale of Eurobonds by the Persian Gulf…
Trading, Broking & Stock Exchanges
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CMA amends Rules for QFFII in Listed Securities
The Saudi Capital Market Authority (CMA) Board approved the final draft of the amended Rules for Qualified Foreign Financial Institutions…
UK peer-to-peer lender is looking for investors from the UAE
A UK-based peer-to-peer lending platform is targeting investors in the UAE, advertising interest of up to 8 per cent at…
Egypt closes 48 forex bureaus in black market crackdown
Egypt’s central bank has closed 48 foreign exchange bureaus since the start of the year for trading at black market…
Former Arabtec chief Hasan Ismaik plans to take Abu Dhabi investment group Marya public
The Marya Group, which is chaired by the former chief executive of construction firm Arabtec, plans to seek a listing…
ICBC aims for benchmark dollar bond via Dubai by year-end
Industrial and Commercial Bank of China (ICBC) aims to issue a U.S. dollar-denominated, benchmark-sized bond through its Dubai office before…
Abu Dhabi and Dubai markets up in early trade
Arabian Gulf stocks rose, led by indexes in Dubai and Saudi Arabia, tracking gains across emerging markets as Brent crude…
Taper tantrum 2.0? — flight of capital seen out of emerging markets
More than three years ago, the then US Federal Reserve chairman Ben Bernanke decided to pull the plug on the…
Weak oil and global bourses pull down Gulf; Egypt rises
Weak oil prices and global equity markets pulled down stocks in the Gulf yesterday, with some Saudi Arabian petrochemical shares…
Aramex founder sells entire stake to Boson Ventures
Fadi Ghandour, the founder of Dubai-listed logistics firm Aramex, has sold all of his holdings in Levant Logistics Holdings to…
Jordan's Housing Bank H1 net profit up 8 pct
Jordan's Housing Bank for Trade and Finance posted an 8 percent rise in first-half net profits to 66.4 million dinars…
Malaysian Bank Cimb In Sales Alliance With Dubai Fund
CIMB Group Holdings, Malaysia's second-largest lender by assets, is partnering with Dubai-based private equity fund Fajr Capital to cross-sell products.…