Abu Dhabi Islamic Bank rights offer to begin Aug. 23
Abu Dhabi Islamic Bank's (ADIB) 504 million dirham ($137.2 million) rights offer will begin on Aug. 23, after shareholders approved…
Trading, Broking & Stock Exchanges
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Menaсorp Now Offers Trading on DGCX via MetaTrader 5
One of the leading brokers in the Arab world Menaсorp has officially launched MetaTrader 5 on the Dubai Gold and…
Sukuk moving westward?
Though the Chicken Littles of the world may have been concerned that this would signal an abandonment of Sukuk across…
UAE markets jump ahead of Q2 results
Property companies lifted Dubai's stock market on Monday and banks supported Abu Dhabi as expectations for positive second-quarter results boosted…
Shari Arison says might cut her 20% stake in Bank Hapoalim
Businesswoman Shari Arison says her Shari Arison Holdings is considering selling most of its 20% stake in Bank Hapoalim, the…
Slowing economic growth weighs on Bahrain’s banking sector
A slowdown in economic growth, resulting from the impact of lower oil prices, will weigh on banking sector funding and…
UAE banks' asset quality on the rise
Country’s lenders expected to fortify their funding bases as they brace for US interest rate hike The first-half results…
UBC Launches Mobile Trading App
Union Brokerage Company, a subsidiary of Union National Bank (UNB) and one of the leading brokerage and financial services company…
Qatar progresses with financial market reform
Foreign participation in the Qatar Stock Exchange is set to rise on the back of technical reforms that have been…
Eskan Bank mandates SICO to list debut REIT
Eskan Bank said it has appointed Securities & Investment Company as lead arranger for the first real estate investment trust…
Saudi finances weaken as foreign exchange reserves slide
Saudi Arabia ramped up oil production to an all-time record high of 10.6m barrels a day in June, 200,000 barrels…
A.M. Best assigns ratings to Saudi Arabian Insurance Company
The ratings reflect the company’s strong business profile, excellent risk-adjusted capitalisation and track record of robust operating performance. Offsetting…