CIMB Group partners with Fajr Capital
CIMB Group Holdings Bhd has entered into a strategic partnership with Fajr Capital, a leading private equity investor in the…
Trading, Broking & Stock Exchanges
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Opportunities arising from Cyprus DTT with Iran
On August 4th 2015 Cyprus signed an agreement with Iran for the avoidance of double taxation. The provisions of the…
ADX and ADGM to boost financial services in Abu Dhabi
Abu Dhabi Securities Market has signed a Memorandum of Understanding with Abu Dhabi Global Market, to encourage the growth of…
Turkey unrest deals new blow as banks struggle with bad debt
Turkey’s failed coup is dealing yet another blow to the nation’s banks, which are already under pressure from rising bad…
Capital Markets Board Removes Limits for Share Buy-Backs
Recent development On July 21, 2016, the Turkish Capital Markets Board (the "CMB") decided to remove the limits under the…
Middle East Stocks Mixed, Qatar and Saudi Arabia Weighed by Disappointing Corporate Results
MidEast shares were mixed, with Qatar and Saudi Arabia weighed by disappointing earnings. Egypt was pressured by a drop in…
Financial regulators shut down currency scheme in Dubai
Financial regulators have shut down a foreign exchange trading scheme in Dubai that promised investors they could more than double…
UAE shares defy regional sell-off to close higher
UAE shares defied a regional sell-off on Wednesday to finish in positive territory, as European and US stocks trended higher…
UAE markets close higher as laggards stage comeback
Underperforming stocks staged a comeback on UAE bourses, with blue-chip Emaar Properties lifting the Dubai Financial Market to extend the…
Gulf stocks benefit from EM inflows ahead of stimulus moves
Gulf stock indexes benefited from fund inflows into emerging markets on Wednesday, with all advancing for a second day, as…
Kuwait open to coordinating with Saudi Arabia on competing bonds
Kuwait is open to liaising with neighbouring Saudi Arabia on its planned debt sale as the two Opec nations prepare…
Noor Bank lists $500m sukuk on Nasdaq Dubai
Hussain Al Qemzi, CEO of Noor Bank, rang the market-opening bell on Wednesday to celebrate the listing of Noor Bank's…