Saxo Bank sees growth in Middle East and Africa – CEO
Saxo Bank expects the Middle East and Africa (MEA) to contribute around 15 percent of its total revenue within five…
Trading, Broking & Stock Exchanges
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UAE banks shore up weak property shares
Strong performance from the banking sector kept both the Dubai and Abu Dhabi market indices in the green at the…
Oman Arab Bank launches 'Al Arabi' trading hall at its new head office
'Al Arabi' stock market trading hall for securities trading was launched at the new Oman Arab Bank head office premises…
UAE Businessman Buys Forex Firm Travelex
Apax is to sell its majority stake in foreign exchange operator Travelex to Dr B.R. Shetty, the owner of UAE…
Investor interest high forAl Batinah, Al Suwadi Power IPOs
The Initial Public Offerings (the IPOs) of Al Batinah Power Co SAOG (under transformation), and Al Suwadi Power Company SAOG…
How Qatar became Europe’s top power-broker
When in distress, American banks call Warren Buffett. In Europe, banks have turned instead to the Middle Eastern principality of…
CMA approves Al-Hammadi’s IPO
The Capital Market Authority (CMA) has approved the initial public offering (IPO) of Al-Hammadi Company for Development and Investment. …
Kuwait’s Global Swings To A Profit In Q1 As Fees Grow
Global Investment House, the Kuwaiti firm which completed a second debt restructuring last year, swung to a first-quarter net profit…
SunGard Can Offer Trading Systems in Dubai, Middle East
SunGard can now offer its trading systems in the Middle East to institutional investors looking for automated trading solutions and…
UAE Seen Allowing Full Short Selling Of Stocks As Money Flows In
The United Arab Emirates (UAE) is likely to allow fully-fledged short selling of securities when it implements new trading rules…
UAE’s status upgrade could open pool of investor capital
MSCI is no longer part of Morgan Stanley but is a worldwide, influential and leading provider of investment decision support…
Dubai index dips despite Arabtec rise
The Dubai Financial Market index slipped 45 points on Sunday to close 0.87 per cent down at 5,135.95, even though…