Trading, Broking & Stock Exchanges

Fraud & Ethics

Saudi Market Regulator Says Suspects Insider Trading In Mobily Shares

March 4, 2015

Saudi Arabia’s market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings…

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Hedge Funds & Alternative Investments

National Bank of Fujairah’s trading to be suspended on March 18

March 4, 2015

Dubai Trading in shares of National Bank of Fujairah will remain suspended on March 18, the Abu Dhabi Securities Exchange…

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Comment & Analysis

Fiscal deficits unlikely to trigger sukuk funding in GCC

March 4, 2015

Fiscal deficits arising from low oil prices and funding needs for infrastructure projects are unlikely to boost sovereign sukuk issuance…

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Investment Banking

Banks on a hiring spree as Saudi ‘opens market’

March 3, 2015

Deutsche Bank AG and Bank of America Corp are among financial institutions seeking to hire traders in Saudi Arabia as…

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Islamic Finance

Sharjah Islamic Bank to meet investors for potential dollar benchmark sukuk

March 3, 2015

Sharjah Islamic Bank is planning to meet fixed income investors starting Thursday ahead of a potential U.S. dollar benchmark sukuk…

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Hedge Funds & Alternative Investments

Dubai IPO Flops No Deterrent as Daman Plans Sale in Weeks

March 2, 2015

Daman Investments PSC, a Dubai-based fund manager, plans an initial public offering within weeks even after recent sales in the…

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Sovereign wealth

Kuwait sovereign fund says cutting U.S. investments, raising Europe

March 2, 2015

The Kuwait Investment Office (KIO), the London branch office of sovereign wealth fund Kuwait Investment Authority (KIA), is gradually reducing…

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Comment & Analysis

Saudi Arabia to become the Biggest Market in FM

March 2, 2015

The Saudi Arabian FM market is currently worth $20-25 billionaccording to CREDO, and is growing over 10% year on year. …

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New Investment Products & Services

QTA, QDB to establish Tourism Incubation Zone

March 1, 2015

Qatar Tourism Authority ( QTA ) hosted the signing of a contract between Qatar Tourism Authority ( QTA ) and…

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Islamic Finance

Oman's Bank Dhofar gets shareholder assent for capital plans

March 1, 2015

Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as…

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Financial Results

UGB records income for 2014 of $169.1 million

March 1, 2015

UGB’s profit attributable to shareholders of the parent for 2014 increased to $18.8 million compared to $2.6 million in 2013,…

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Financial Results

BLOMINVEST Saudi Arabia net profit surges 16%

March 1, 2015

BLOMINVEST Saudi Arabia , an investment company specialized in asset management, financial advisory services and private equity investments licensed by…

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