Bahrain, Egypt bourses sign dual listing agreement
Egypt's stock exchange has signed Wednesday a cooperation agreement on dual listing process with Bahraini bourse. The agreement also…
Trading, Broking & Stock Exchanges
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Citi drops out of $1.5 bln financing of Americana sale -sources
Citigroup has dropped out of the group of banks providing a $1.5 billion bridge loan to Gulf-based Adeptio for its…
Kuwait's Boubyan Bank gets nod to issue Tier 1 sukuk
Kuwait's Boubyan Bank has received regulatory approval to market and issue sukuk, expected to be $250 million in size, to…
UAE regulator SCA extends scope to cover financial planning
The Securities and Commodities Authority in the UAE has amended its regulations to enable licenced advisers to offer clients a…
Gulf Banks To Keep Focus On Cutting Costs, Says Report
Gulf banks are forecast to continue cutting costs and staff numbers as they adjust to tougher economic conditions, according to…
Saudi Arabia Releases Ambitious Plan To Diversify Economy By Nick Cunningham of Oilprice.com
On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course…
Dubai Islamic Bank plans Dh3.6bn share issue for expansion
Dubai Islamic Bank, the UAE’s biggest bank complying with Muslim banking rules, said it plans to raise Dh3.6 billion from…
Facebook most popular stock among investors in UAE, rest of GCC
Facebook isn’t just active on most people’s smartphones, but on their investment portfolios as well. A study conducted among…
Qatar First Bank’s QSE listing a ‘significant achievement’: Chairman
The listing of the Qatar First Bank on the Qatar Stock Exchange on April 27 “is a significant achievement for…
Private firms in Oman Gearing Up to Float Sukuk Issues
Several Omani companies, including financial institutions, property developers and oil firms, are exploring the feasibility of floating Sukuk issues, with…
Alkhabeer Capital launches private equity fund targeting Saudi Arabia's emergent education sector
The asset management and investment firm based in Jeddah, Saudi Arabia, announced today the launch of Alkhabeer Education Private Equity…
UAE allocates $4 bln to Egypt for development and c.bank
The United Arabic Emirates has allocated $4 billion to Egypt, half of it in investment and half as a central…