Nasdaq New York congratulates Noor Bank on its Tier 1 Sukuk Issuance
The Sukuk is Noor Bank’s debut perpetual Tier 1 capital issuance and is the first perpetual Tier 1 issuance from…
Trading, Broking & Stock Exchanges
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Gulf bourses end higher on oil prices; Egypt stocks down on profit-taking
Gulf bourses benefited from recovering oil prices to all close higher yesterday, although Egypt’s exchange stumbled for a second day…
UAE Expats Sent $1.4 Bln Back Home During Eid
Expatriate workers in the United Arab Emirates who make up over 80 percent of the country’s population of 8.5 million…
Saudi Arabia keen to expand China energy investments
Saudi Arabia wants to expand its investments in China’s energy industry, its Energy Minister Khalid al-Falih said late on Friday,…
Saudi Arabia raises commissions on stock exchange trades
Saudi Arabia's market regulator raised the commission on trades on the kingdom's Tadawul stock exchange, which is seeking to attract…
Credit Libanais gets $20M EuroMena Fund injection
The EuroMena Fund, a private equity fund run by the Capital Trust Group, recently invested $20 million in the capital…
Brexit could mean long-term gain for Gulf, analysts say
The UK’s shock vote to leave the European Union last week - commonly known as “Brexit” - could boost Gulf…
Saudi Arabia Mega Deal Spurs Record First Half for Gulf Loans
HSBC Holdings Plc is back on top, Mitsubishi UFJ Financial Group Inc. has tightened its grip on second place, while…
UAE to merge two govt wealth funds
A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s…
Banks hold back Saudi index as nearby markets tick higher
Banks were the main drag on Saudi Arabia's stock market on Monday as investors grew wary before second-quarter financial results,…
British Pound crushed again: 5 ways UAE residents can benefit from Brexit
Last Friday, more than 17.4 million Brits voted for their country to exit the EU while 16.1m voted for it…
Dubai Financial Market Welcomes The Listing Of Afkar Capital’s Exchange-Traded Fund
Dubai Financial Market today welcomed the listing of Afkar Capital’s Exchange Traded Fund, under the trading symbol “UAETF”. The…