Extension of bank guarantees for private sector brightens QSE prospects
The extension of bank guarantees for the private sector to one year has brightened the prospects in the Qatar Stock…
Trading, Broking & Stock Exchanges
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Bank Muscat AGM approves 35% cash dividend, 5% bonus shares
Bank Muscat held its Annual Ordinary General Meeting and an Extraordinary General Meeting of the bank’s shareholders using the electronic…
Kuwait banks are fully committed in their fight against money laundering and terror financing
The Kuwait Banking Association affirmed the keenness of Kuwaiti banks to fully comply with all provisions of Law No. 106…
Abu Dhabi issues more bonds in the international market to raise cash
Abu Dhabi raised more money from international debt markets just weeks after a $7 billion bond sale as it takes…
BNP Paribas’ FX Prime Brokerage Unit Halts Turkish Lira Trades
BNP Paribas has reportedly decided to suspend Turkish lira transactions over its FX prime brokerage unit, Bloomberg reports. The decision…
Turkey exempts Euroclear, Clearstream from trade limit
Turkey’s banking watchdog on Wednesday gave exemptions to two foreign institutions -- Euroclear Bank and Clearstream Banking -- from its…
QSE seen built on a strong base of profitable companies
Qatar’s Covid-19 relief package for the private sector will give visibility for the local businesses in the short term and…
Bahrain's UGH subsidiary has $8.5mln exposure to agri-trader Phoenix
Bahrain’s United Gulf Holding Company revealed that its unit, FIMBANK, has $8.5 million exposure to Phoenix Commodities, an agri-trader with…
Dubai leads GCC stock market decline in early trade
The UAE and other GCC stock markets fell on Thursday morning, in line with decline in other global markets. …
EMEA emerging market banks face rising risks amid lockdown, oil shock – Fitch
European, Middle East & African emerging market banks face rising risks due to weaker economic activity triggered by coronavirus and…
UAE stimulus to help SMEs, says Abdulla Al Saleh
Government officials and business leaders on Wednesday discussed the impact of Covid-19 and doing business in a new environment. …
UAE banks disclose Dh412 million exposure to Phoenix and associate firms
First Abu Dhabi Bank, on Wednesday disclosed to the Abu Dhabi Stock Exchange (ADX) that it has about Dh269 million…