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Gulf bourses wilt as oil dampens sentiment
May 10, 2016--Bourses in the Gulf edged lower on Tuesday after oil prices pulled back overnight and Asian shares weakened.
UAE cabinet approves creation of central Islamic finance authority
May 9, 2016--The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards for Islamic finance in the country, aiming to boost growth of the industry.
The authority, to be designed and established by the central bank, will supervise the sharia boards of individual banks and financial...
Government reshuffle buoys Saudi market
May 9, 2016--A sweeping reorganisation of Saudi Arabia's economic policy-making apparatus boosted shares there.<
Saudi stock market rises after gov't reshuffle
May 8, 2016--Saudi Arabia's stock market rose in early trade on Sunday after the king announced a sweeping reorganisation of the economic policy-making apparatus.
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Saudi bourse to face further selling pressure
May 5, 2016--Saudi Arabia's index is likely to face further selling pressure on Thursday as sustained declines on global bourses and a lack of domestic stock-moving news offer Riyadh investors little motivation to commit more money to the market.
Saudi working on SME bourse rules for early 2017 launch-bourse chief
May 4, 2016--Saudi Arabia is working to finalise the rules for a new stock market dedicated to small and medium-sized businesses that it expects to launch early in 2017, the chief executive of Tadawul, the kingdom's bourse, said on Tuesday.
Tadawul announced last month that it planned to open the new exchange next year in a
Tadawul sees improved chance of MSCI index inclusion
May 4, 2016--Biggest bourse in GCC says settlement system changes increases inclusion possibility
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Tadawul sees improved chance of MSCI index inclusion
May 4, 2016--Biggest bourse in GCC says settlement system changes increases inclusion possibility
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Saudi Arabia lowers stock investment restrictions
May 4, 2016--Market regulator reduces criteria of assets under management for institutional investors to attract investments.
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Saudi opens door to short sellers
May 3, 2016--Regulator looks to sharpen appeal of $400bn bourse.
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