Gulf International Bank reports first half profit of US$50.2 million
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of US$50.2 million for the six months ended 30th…
Trading, Broking & Stock Exchanges
3541 articles found
Ajman Bank becomes the first bank in the Northern Emirates to distribute DMCC's UAE Gold Bullion Coins
DMCC, the global gateway for commodity trade and enterprise in Dubai and the region, has announced that Ajman Bank is…
Watania agrees to sell stake to Gulf investors
The Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes…
Foreign investors consulting Saudi wealth management funds on Kingdom’s stock market
Global financial institutions are consulting Saudi wealth management funds on the acquisition of potentially lucrative stocks listed on the Kingdom’s…
Qataris could make renewed bid for Sainsbury’s
Sainsbury’s is expected to soon be approached with a bid from Qatari investors as the UK’s biggest supermarkets comes under…
SR1bn Eid boost: SAMA injects new currencies
The Saudi Arabian Monetary Agency (SAMA) has pumped new Saudi Riyal currencies worth SR1 billion to meet growing demand on…
Bahrain hires four banks for new US dollar bond – sources
The Kingdom of Bahrain, rated Baa2/BBB/BBB, has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange…
Saudi market opening for direct access a further boost to MENA
Following a cabinet approval, the largest equity market in the MENA region, the Kingdom of Saudi Arabia, should soon become…
Saudi to Open Up $531 Billion Stock Market to Foreigners
Saudi Arabia will open up its stock market to international investors, giving foreigners greater access to the Arab world’s biggest…
CBB Sukuk Al-Salam Securities oversubscribed by 306%
The Central Bank of Bahrain yesterday announced that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD…
Middle East Seen Gaining Gold Share as Trading Expands
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the…
Commercial Bank fund wins ‘Qatar Equity Fund of the Year’
Commercial Bank’s Al Waseela fund (F-Class) has won the prestigious ‘Qatar Equity Fund of the Year’ award for 2013 at…