Kuwait's CBK cuts stake in Boubyan Bank to 17.7 pct
Commercial Bank of Kuwait (CBK) has cut its stake in Boubyan Bank to 17.7 percent from the 19.9 percent which…
Trading, Broking & Stock Exchanges
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DGCX launches three new Emerging Market currency futures
Expanding its suite of Emerging Market (EM) products, the Dubai Gold and Commodities Exchange (DGCX), today announced the launch of…
Saudi Arabia plans to open stock market to foreign investors in April
Saudi Arabia is reportedly preparing to throw open its $509bn stock exchange, the largest equity market in the Middle East,…
In 2015, Middle East to see rising interest in Exchange Traded Products
The Middle East market would witness growing interest in structured products like Exchange Traded products (ETP) in 2015, Standard &…
A slower index year ahead: Dubai Investors should temper their expectations from the pace of 2014 gains
For investors, who made a windfall in 2014, beware. The pace of gains may slow on the Dubai index…
Markets rise as Saudis maintain spending in 2015 budget
Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring…
UAE Central bank to study margin lending
The Central Bank of the UAE discussed margin lending at a board meeting this week and ordered that all aspects…
Abu Dhabi SWF to Invest $500 Mil. in Korean Value Stocks
The Abu Dhabi Investment Authority will invest US$500 million in Korea’s value stocks. According to financial investment sources on…
Kuwait Finance House auctions real estate fund properties
Chief Executive Officer of Kuwait Finance House (KFH), Mazin Saad Al-Nahedh said in a press statement, that the total sales…
Age of plenty seen over for Gulf Arabs
The boom that adorned Gulf Arab monarchies with glittering towers, swelled their sovereign funds and kept unrest largely at bay…
Fitch: Turkish Bank's Profitability Attracts International
Janine Dow, the senior director of the international credit rating agency Fitch Ratings, said that Turkish banks were attracting international…
Dubai Financial Market's boom and bust
A year that started so brightly for the Dubai Financial Market has ended grimly. At one point last Wednesday, the…