Maturing Middle Eastern Bitcoin Ecosystem Emerges at ArabNet Conference
The past year and a half has seen the slow but steady march of bitcoin across the financial landscape, gaining…
Trading, Broking & Stock Exchanges
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Egyptian Shares Rise Most in World as EFG Stake Fuels Optimism
Egyptian stocks advanced the most in the world as investors said they will buy a stake in the country’s biggest…
U.A.E. Urges Egypt to Trim Budget as Gulf Aid Pours In
The United Arab Emirates, which is backing Egypt with billions of dollars in aid, said its ally needs to shore…
ICD lists Sukuk and conventional bond on NASDAQ Dubai
The listing raises the total value of Sukuk listed on Dubai’s exchanges to USD 21.08 billion. Dubai is the world’s…
Dubai lifted by emerging market status
Close on the heels of the MSCI market upgrade coming into effect on Monday, Dubai’s benchmark DFM General Index rose…
NBAD to expand Global Markets E-Commerce services
The National Bank of Abu Dhabi has partnered with Celer Technologies to develop Global Markets E-Commerce applications to offer its…
Europe's largest Islamic bank arranges US$15m Islamic Finance facility for Virgin Mobile Middle East & Africa
BLME, Europe's largest Islamic bank, announced today that it has concluded a US$15 million senior secured facility for Virgin Mobile…
Saudi Arabia Plans $270 Million Venture Fund for Tech Startups
Saudi Arabia’s government and one of the country’s biggest banks plan to start a venture capital fund of as much…
Funds to cut UAE, Qatar exposure after MSCI upgrade -survey
A substantial number of Middle East funds intend to cut their exposure to stocks in the United Arab Emirates and Qatar,…
CBB Sukuk Al-Salam Securities Oversubscribed
The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD…
Investment Corporation of Dubai raises $1 billion from sukuk, bond issue
The Dubai Government’s principal investment arm, the Investment Corporation of Dubai, has successfully priced a $1 billion sukuk and bond…
Saxo Bank opens office in Abu Dhabi, expands its presence in the Middle East
Saxo Bank has announced an expansion of its network in the UAE with the opening of a representative office of…