Abu Dhabi’s Al Jaber Said to Hire Barclays for Unit Sale
Al Jaber Group, a family-owned Abu Dhabi company which restructured its debt in June, is planning a sale of its…
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Dubai-owned developer Meraas may launch IPO
Dubai’s Meraas Holding is considering launching an initial public offering, sources close to the company have claimed. Three sources…
LMC registers net profit of $2.10m
Liquidity Management Centre (LMC), a Bahrain-based wholesale Islamic bank, has reported a net profit of $2.10 million for the second…
Dubai Financial Market Secures Five More Margin Trading Members
Equity derivatives trading is set to increase in the Middle East’s largest financial centre, Dubai, as the Dubai Financial Market…
Qatar emir issues law raising foreign ownership limits for stocks
Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies,…
Bank Muscat Oryx Fund expands to MENA region
Bank Muscat Oryx Fund, managed by the Asset Management division of Bank Muscat, has decided to widen the objective of…
Gülenist Bank Claimed To Be Involved In 'Insider Trading'
Bank Asya, which is known for its close ties to the Gülen Movement whose followers have engaged in a campaign…
BRIC markets bring bigger capital in flow into UAE than MENA markets, with India topping the list: Fortress Investments
MSCI upgrade of the UAE to emerging market status places it within the BRIC grouping Dubai - Fortress Investments, a…
Reforms will make UAE stock market listings more competitive
With new rules introduced last month by the Ministry of Economy, observers say an important step has been taken towards…
BHB best performing market in Gulf region
Bahrain Bourse (BHB) was the best performing market in the second quarter, gaining 5.2 per cent, followed by Oman's stock…
Majority shareholders selling out of Watania
The statement to the ADX did not elaborate on the size of the stakes being sold or on the names…
Investing ethically in the Middle East
With several of the Middle East’s city-states becoming some of the world’s richest locations, it’s little surprise that an increasing…