Service tax ‘to have no impact’ on remittances
The recently introduced service tax on remittance fee is unlikely to have an impact on foreign exchange inflow from non-resident…
Trading, Broking & Stock Exchanges
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SICO's net profit increases by 10% to bd 6.85 million.
Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its…
UAE’s RAKBank to consider selling $500 mln bond next year -CEO
National Bank of Ras Al Khaimah will consider selling a benchmark-sized bond next year, its chief executive said, though this…
Latham & Watkins advises on the Middle East’s largest ever IPO
The 500 million shares sold in the IPO were held by the Saudi Public Investment Fund (PIF), and were divided…
Emirates NBD Asset Management strengthens partnership with Jupiter
Emirates NBD Asset Management Limited , the asset management arm of Emirates NBD , today announced the expansion of its…
Saudi Arabia’s NCB Seen Surging After IPO Is Discounted
Investors in the $6 billion initial public offering of Saudi Arabia’s National Commercial Bank may see the shares surge after…
Barclays, BofA Said to Advise Billionaire Sawiris on UAE Listing
OCI NV hired Barclays Plc and Bank of America Corp. to advise on the listing of its construction business in…
Alkhabeer Capital Assesses Opportunities and Challenges for Private Equity in Saudi Arabia
Alkhabeer Capital has announced the launch of a research report which studies the investing landscape in Saudi Arabia and the…
MaCeen Capital appoints new CEO
MaCeen Capital, the leading Multi investments and Asset Management Investment company, has announced the appointment of Yasser Faisal Al-Sharif, as…
Aviva lists Turkish JV at $747m valuation
Aviva has successfully listed its Turkish joint venture at a value of $747m - the country's biggest initial public offering…
Kuwaiti bank CBK says concerns over buyer cash behind bond cancellation
Commercial Bank of Kuwait said on Monday it cancelled its 120 million dinar ($412.7 million) capital-boosting bond last week over…
Waha Capital 9M 2014 net profit increases to AED 1.6 billion
For the third quarter of 2014, the company recorded a net profit of AED 301.2 million, up from AED 107.1…