Bank of Bahrain and Kuwait hires banks for potential dollar bond sale
Bank of Bahrain and Kuwait has hired banks to arrange fixed-income investor meetings ahead of a potential issuance of U.S.…
Trading, Broking & Stock Exchanges
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First GCC biogas hub launched in Dubai
The region's first biogas project is set to go online in the next years in Dubai at a cost of…
UAE economy grows 2.2% in Q1 as non-oil sector maintains momentum
The UAE’s gross domestic product grew an annual 2.2 per cent from a year earlier in the first three months…
Saudi Arabia falls for a fourth day on Gulf concerns
Saudi Arabia's stock market dropped for a fourth straight day on Monday as geopolitical concerns in the Gulf region weighed.…
Saudi and U.A.E. Bank Revenue Seen Pressured by U.S. Rate Cuts
Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points…
UAE banks' net margins hit by higher funding costs
Demand for new loans outstripped deposit growth at nine of the 10 listed banks in the United Arab Emirates in…
UBS brings machines into credit derivatives to boost trading
UBS Group AG is pushing further into automated trading by programming its robots to handle derivatives and exchange-traded funds tied…
Dubai’s stock market has success on the road
As part of an ongoing approach to attract wider global investor interest to its market, the Dubai Financial Market has…
Fraudster behind $50m Bitcoin scam that duped UAE investors admits crimes
The fraudster behind a $50m bitcoin fraud which duped hundreds of investors around the world and dozens in the UAE…
Foreigners Pump $1.3Bn to Invest in Saudi Stock Market
Foreign investors pumped more than USD1.3 billion as they sought to directly buy shares of Saudi firms listed in the…
Cabinet restructures Emirates Development Bank board
As part of its plan to modernise work mechanisms in the federal government, the UAE Cabinet has restructured the Board…
Goldman Sachs hired an energy banker from Evercore
Goldman Sachs hired an Evercore banker specialising in energy, oil & gas, and utilities as an executive director. Luke Woodard…