Nine Saudi expats held in $20m money laundering scam
Nine Asian expats have been arrested in Saudi Arabia for transferring SR77m ($20.5m) to foreign bank accounts in what is…
Trading, Broking & Stock Exchanges
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Saudi Bank Aljazira Names Advisers For $800m Rights Issue
Saudi Arabia’s Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it…
Senegal President Asks Saudi-Based IDB To Help Organise Sukuk Bond
Senegalese President Macky Sall has asked the Saudi Arabia-based Islamic Development Bank to help his West African country tap the…
Menacorp tops Dubai Financial Market’s list of brokers for Q1 2015
Fathi Ben Grira, CEO, Menacorp, said: “Being ranked as the top broker at DFM for the first quarter of 2015…
Perpetual Sukuk shining as Fed delay sparks Gulf hunt for yield
Holding bonds that have no set maturity date proved the best bet for Gulf sukuk investors in the first quarter,…
Salameh: CMA to license online stock trading
The Capital Market Authority will issue licenses for the launch of online stock and currency trading, Central Bank Governor Riad…
Japan looks for growth and influence from Islamic finance boom
Japan is the latest global financial hub to start making inroads into Islamic finance, a move that could help strengthen…
Kuwaiti bank NBK sets price guidance for capital-boosting bond, to price Weds
National Bank of Kuwait (NBK), the Gulf state's largest lender, has set price guidance for a dollar-denominated bond issue that…
Kuwait stays among the leading Islamic finance pack
Despite its small size, Kuwait has long been a key player within the global Islamic finance industry, and with its…
Abraaj raises $1.3bn for African investment funds
Abraaj Group has raised about US$1.3 billion for two funds investing in Africa to tap into the continent’s economic growth,…
"Kuwait Clearing" Distributes Bonus Shares Today
A statement issued by Kuwait Finance House indicated that Kuwait Clearing Company shall commence today Tuesday 31st march the distribution…
Emirates set to close $913m sukuk
Emirates has announced the successful pricing of $913 million certificates due 2025 issued by Khadrawy Ltd. and with the benefit…