Saudi Financial Regulator Proposes Controlled Structure for Foreign Ownership
he Capital Market Authority, the main financial regulator for financial markets in Saudi Arabia, has issued new draft proposals for…
Trading, Broking & Stock Exchanges
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NBAD MENA income and growth fund delivers 2.40% semi annual dividend
The National Bank of Abu Dhabi ( NBAD ) distributed 2.40% dividend to NBAD MENA Income and Growth Fund investors…
$25M Bahraini Judgment Valid In Pa., Appeals Court Rules
The Pennsylvania Superior Court ruled Wednesday that a $25 million judgment entered in Bahrain against a group of currency traders…
Bank Sarasin-Alpen to appeal DIFC court ruling on miss-selling
The Dubai International Financial Centre Court (DIFC Court) on Thursday ruled in favour of Al Khorafi, a prominent Kuwait-based business…
Dubai eases fund manager restrictions
Dubai has eased its restrictions on asset managers in what appears to be a move to attract more hedge funds…
Dubai’s International Financial Centre in Bid to Lure Hedge Funds
Dubai’s financial hub is growing up. Since it was established a decade ago, the Dubai International Financial Centre has become…
Gulf Capital Said to Hire Bank of America to Manage IPO
Gulf Capital, an Abu Dhabi-based private-equity firm, hired Bank of America Corp. as the main financial adviser on its planned…
U.A.E. Margin Trade Crackdown Fans Shariah Push: Islamic Finance
Brokerages in the United Arab Emirates, where the market regulator last month vowed it may create new rules to control…
New SAGIA drive to boost Saudi economy
Saudi Arabian General Investment Authority is introducing incentives for value-added foreign investments in a forward step to attract more foreign…
Mashreq launches "Gold Edge Invest Account"
Mashreq, one of the UAE's leading financial institutions, announced yet another innovative solution to provide unprecedented benefits to its customers. …
Gatehouse Bank looks to broaden Islamic revenue stream
London-based Gatehouse Bank is developing new business lines and widening its investor base as the Islamic wholesale lender looks to…
Three Saudi IPOs raise SR1.73 billion in Q2
The initial public offering (IPO) market in the Gulf Cooperation Council (GCC) in the second quarter (Q2) of 2014 started…