Turkey plans to stiffen penalties for manipulation in banking overhaul
Turkey is planning to stiffen the punishment for insider trading and market manipulation as part of a broad overhaul of…
Trading, Broking & Stock Exchanges
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Saudi Stock Exchange appoints chairperson for new term
Saudi Stock Exchange (Tadawul) has announced its board resolution appointing Sarah Al Suhaimi as the chairperson for the board of…
SABB named top trade finance bank in Saudi
SABB has been recognized for the first time by Euromoney as “Best Service Trade Finance” in Saudi Arabia, highlighting the…
Bank AlJazira profits up 162% in 2019
Bank AlJazira reported an increase in net profit by 161.96% last year, as shown by its annual financial results for…
Egypt to sell stake of Bank of Cairo
Banque du Caire could have a stake on the Egyptian Stock Exchange still in the first quarter of 2020, Al…
Lebanon PM signs 2020 state budget with $700m spending cuts
Lebanese Prime Minister Hassan Diab has today signed off on the 2020 state budget and referred the plan to President…
China virus may further subdue Gulf bond sales in 2020
The uncertainty surrounding the new coronavirus outbreak has added to fund managers' expectations that 2020 will see fewer hard currency…
Capital markets in UAE set for listings boost
The UAE has inked a draft law encouraging family-owned businesses to list, while an emerging pensions industry in Dubai is…
Citigroup Suspends Trader for Stealing Cafeteria Food
Citigroup Inc. suspended a junk-bond trader in London for repeatedly failing to pay for food taken from the bank’s cafeteria.…
Dubai Investments' full-year profit edges up on higher operating income
Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai holds a stake, reported a 1…
UAE-Luxembourg looks to increase trade in key industries
The UAE and Luxembourg are looking to increase cooperation in key areas such as industrial, ICT, healthcare technologies, finance, Islamic…
Bahrain Bourse joins Tawasul in new services push
Bahrain Bourse yesterday announced that it has joined the National Suggestions and Complaints System ‘Tawasul’, in line with its efforts…