Dubai’s Damac jumps on first trading day on DFM
Damac Real Estate soared to its maximum price cap this morning on the developer’s debut on the Dubai Financial Market…
Trading, Broking & Stock Exchanges
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Dubai Seen Driving Year of Islamic Perpetual Bond Sales
Dubai Islamic Bank PJSC may kickstart a year of perpetual sukuk sales in the Gulf Cooperation Council as lenders seek…
Bank AlBilad unveils plan to increase share capital
The board of directors of Bank AlBilad recommended on 8 January that the bank’s share capital be increased by 25…
PASHA Bank gains regulatory approval to buy TAIB Yatirim Bank
After filing an initial request back in March last year, PASHA Bank, the Azerbaijani investment bank, has received permission from…
UAE stocks regulator weighs stricter reporting measures
The Securities and Commodities Authority is considering reducing the grace period that corporates will have to disclose their annual financial…
Emerging markets including DFM advance on crude rally
Emerging market stocks, including the Dubai Financial Market and the Abu Dhabi Securities Exchange, rose on Thursday after crude oil…
Four banned traders named by Abu Dhabi bourse
The Abu Dhabi Securities Exchange (ADX) has released the names of four investors who have been banned from buying shares,…
Qatari Diar Transfers Al Khaliji Stake To Qatar Investment Authority
Qatari Diar has transferred its shares in Al Khaliji Commercial Bank to Qatar Investment Authority (QIA), the property arm of…
The Sukuk spark
If 2014 was the year of the non-Muslim sukuk, what can be expected in 2015, especially if oil prices find…
FNC calls on stock market regulator to review procedures
The Federal National Council called on the stock market regulator to review financing after individual investors in the UAE lost…
Bahrain Bourse, Central Bank of Bahrain venture allows primary bond, Sukuk trading
Bahrain Bourse (BHB) has launched, in cooperation and coordination with the Central Bank of Bahrain (CBB) for the first time…
Dubai Islamic Bank picks arrangers for potential tier 1 sukuk
Dubai Islamic Bank said on Tuesday it picked eight banks to arrange roadshows from January 8 for a potential benchmark…