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Abu Dhabi exchange signs bonds listing, trading agreement
June 22, 2014--Abu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday.
The introduction of debt listing and trading has long been anticipated in the emirate-the largest and richest of the seven which make up the United Arab Emirates-as a way to expand the exchange's activities and make it easier for local companies to sell debt instruments.
Egypt Stocks End This Week Lower, Lose EGP3.3bn
June 20, 2014--Egypt's stocks ended this week lower with losses amounting to 3.3 billion Egyptian pounds as foreign investors were back to sell-off transactions.
Consequently, the main stock index, EGX30 also ended Thursday's sessions below 8340 points.
Banque Saudi Fransi seals SAR2 billion sukuk
June 19, 2014--The Saudi Arabian Tadawul All-Share Index gained a tiny 0.10 per cent on Thursday, June 19, finishing at 9,648.26 points.
A new war of words between Saudi Arabia and Iraq has weighed on the sentiment. Saudi Arabian minister of foreign affairs, Saudi Al-Faisal, denied accusations made by Iraqi prime minister...
Asmak leads Abu Dhabi market rebound
June 19, 2014--The Abu Dhabi market index closed 0.50 per cent to hit 4,803.79 points on Thursday, June 19.
International Fish Farm Holding Company, better known as Asmak, jumped 10.70 per cent to hit AED6.00. Dana Gas rebounded by 1.35 per cent, finishing at AED0.75.
Drake and Scull International is Dubaii's share of the week
June 19, 2014--The Dubai Financial Market Index (DFMGI) ended 1.57 per cent higher at 4,593.27 points on Thursday, June 19.
After shaving a key resistance level at AED1.80, construction and maintenance firm Drake and Scull International (DSI) hit an all-time high at AED1.90, up by 5.56 per cent (top gainer).
Vodafone Qatar gets nod for dividend payout
June 19, 2014--In Doha, the Qatar Exchange 20 Index fell by 1.10 per cent to 12,453.76 points.
The biggest lender in the country, Qatar National Bank plummeted 3.83 per cent to QAR176.
Egypt: Industry Minister-New Economic Policies Underway to Encourage Investment
June 17, 2014--Trade and Industry Minister Mounir Fakhry Abdel-Nour said on Monday 16/6/2014 the government is in the process of developing new economic policies which encourage saving and investment.
During a conference on fostering cooperation between Cairo and the City of Pittsburgh, organized by the American Middle East Institute (AMEI),
WEF-Societal Tensions, Income Gaps and Unemployment Dominate Global Agenda
June 12, 2014-- The Arabic version of the Outlook on the Global Agenda 2014 report will be launched at the Tunisia Investment Forum on 13 June 2014.
The Outlook on the Global Agenda 2014 report, based on a survey of more than 1,500 global experts, aims to map the consequences of the world's challenges in 2014.
The report identifies societal tensions in the Middle East and North Africa region (MENA), structural unemployment and widening income gaps among the top 10 trends in 2014.
An urgent need to address societal tensions in the Middle East and North Africa, long-simmering economic problems such as widening income gaps and structural unemployment, as well as growing concern over the quality of economic policies rank among the top 10 trends for world leaders to address in 2014, according to the World Economic Forum's Outlook on the Global Agenda 2014, whose Arabic version launches tomorrow at the Tunisia Investment Forum.
view the Arabic version of the Outlook on the Global Agenda 2014
Umm Al-Qura Cement Company debuts at Tadawul market
June 12, 2014--June 12, 2014--The Saudi Arabian Tadawul All-Share Index fell by 0.46 per cent to 9,826.67 points on Thursday, June 12.
Umm Al-Qura Cement Company witnessed its first trading day after its successful IPO. Umm Al-Qura Umm floated 27,500,000 shares which represented 50 per cent of the company’s capital. The offer price was SAR10 per share. Launched with...
Dubai market bounces back
June 12, 2014--The Dubai Financial Market General Index (DFMG) surged 3.68 per cent to hit 4,836.86 points, on Thursday, June 12, ending a four-day losing streak.
Arabtec surged 11.1 per cent to finish at AED5 after the UAE's first construction firm denied rumors of plans to de-list. Abu Dhabi state-owned investment firm Aabar Investments reduced its share ...
