Saudi sovereign wealth fund boosts U.S. equities exposure to nearly $12.8bln
Saudi Arabia's sovereign wealth fund has increased its holding of U.S. stocks to nearly $12.8 billion in the fourth quarter…
Trading, Broking & Stock Exchanges
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Leading restructuring consulting firms ramping up in Gulf
Specialist restructuring consulting firms are currently beefing up their numbers in the Middle East – in anticipation of widespread business…
Foreign and domestic funds turn increasingly net buyers on QSE
Foreign and domestic funds were increasingly net buyers on Monday in an otherwise bearish Qatar Stock Exchange, amidst increased trading.…
Dubai-UK trade hit $5.8bln in 2020
Trade between Dubai and the United Kingdom (UK) reached an estimated 21.5 billion UAE dirhams ($5.8 billion) in 2020, making…
Qatar Islamic Bank, HSBC sign $100mln deal
Qatar Islamic Bank, the country’s largest sharia-compliant lender by assets, has signed an Islamic trade facility worth $100 million with…
Trade between Saudi Arabia and Qatar to resume today
Trade of goods between Saudi Arabia and Qatar has resumed through the Abu Samra border crossing Sunday, Feb. 14, Qatar’s…
HSBC completes first Islamic trade facility in Menat at $100m with QIB
HSBC Bank Middle East has completed its first Islamic trade facility in the Middle East, North Africa, and Turkey (Menat)…
Saudi index hits more than 9,000 points for first time since 2019
Saudi Arabia’s stock market on Sunday crossed the 9,000 mark for the first time since July 2019. The benchmark…
Julius Baer sees new prospects in Saudi stocks
Saudi stocks rose for the fourth consecutive day on Tuesday as the index reached its highest level in three weeks…
MENA states keen to invest in smart cities, social infra under BRI
Social infrastructure, logistics, as well as smart city projects are the top three most cited sectors where businesses in the…
Saudi's Anaam Holding to increase capital, targets $56mln
Saudi Arabia’s Anaam International Holding Group has announced its board recommendation to increase capital by SAR 210 million ($56 million)…
Dollar losses to continue during next 2 years: National Bank of Kuwait exec
The dollar price has become a safe haven since the start of the pandemic, head of the National Bank of…