Fincorp, Rasmala form alliance
The Financial Corporation Co SAOG, “Fincorp” and Rasmala Investments (Oman) announced yesterday the signing of a Memorandum of Understanding (MoU)…
Trading, Broking & Stock Exchanges
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Saudi Arabia may open stock market to foreign investors
Saudi Arabia's Capital Market Authority is in discussions with international banks to open the country's stock exchange to foreign investors…
HSBC to Halt U.A.E. Retail Brokerage
HSBC will stop offering brokerage services to retail investors in the United Arab Emirates and will focus on institutional clients…
Performance attribution: The power of intermediate benchmarks
The 2011 Capgemini/Merrill Lynch Financial Advisor Survey reports that the financial crisis has created new priorities for high net worth…
ADS Securities to expand to SE Asia
UAE-based ADS Securities, which provides on and offline trading of FX and commodities, is looking at establishing a presence in…
BankMuscat wins Euro STP Excellence Award
BankMuscat has won a prestigious award in recognition of operational excellence in the field of Euro payments processing. BankMuscat was…
Gulf bond sales drop 23pc
Bond sales by issuers in the Gulf fell to a five-year low as debt crises in developed nations threaten a…
Saudi Tadawul market defies regional downtrend
The Saudi Stock Exchange added 0.57% to reach 6,088.25 points. Shares advanced across almost all sectors, as market bellwether Sabic…
Shaheen Financial Brokerage to close due to tough conditions
Tough market conditions are continuing to take their toll on the UAE's financial brokerages as another company plans to close…
Investors turn to currency, gold
Even as trading volumes on local stock exchanges hit new lows this summer, investors are focusing their liquidity on foreign…
Confident words contrast growing market concerns in Turkey
The Turkish economy may be as “strong as a rock,” according to the government’s top economic team, but the…
US broker fined by bourse regulator closes Dubai branch
E*Trade Financial Corp is closing its Dubai branch, just months after it was fined in the emirate for breaching anti-money…