Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Egypt approves new 10% capital gains tax on stock market profits
May 29, 2014--Egypt has approved the introduction of a 10 per cent capital gains tax on profits made on the stock market, the country's Finance Minister Hany Dimian told Reuters on Thursday.
The tax is part of the first phase of income tax reforms in the country expected to bring in 10 billion Egyptian pounds ($1.40 billion), Dimian said. He said the tax will not be retroactive and will be implemented once a law is issued.
Dubai bourse finishes May on a bullish note
May 29, 2014--Investors needed nerves during this volatile last week of May, as the Dubai Financial Market General Index (DFMGI)-after plummeting 3.26 per cent yesterday-surged 4.10 per cent to hit to hit 5,043.80 points on Thursday, May 29.
Positive input from Asian markets which surged on general optimism on lower interest rates in...
Mobily pulls out of interest purchase discussions with Go
May 29, 2014--The Saudi Arabian Tadawul All-Share Index failed to join the bull's run in other GCC countries and closed slightly higher at 9,823.4 points or up 0.25 per cent on Thursday, May 29.
SABIC, the world's biggest producer of petrochemicals, fell by 1.10 per cent to SAR115.50. Etihad Etisalat Company, better known as Mobily, advanced by
Despite good news, Saudi insurance firm Bupa Arabia shares fall
May 28, 2014--The Tadawul All-Share Index slipped 0.32 per cent to 9,798.45 points on Wednesday, May 28.
Bupa Arabia for Cooperative Insurance fell by 1.10 per cent to SAR88.50. Earlier in the day, the insurance company said it received approval from the Saudi Arabian Monetary Agency or SAMA of the renewal of its insurance activities license for...
Qatari shares lose across the board
May 28, 2014--The QE 20 Index fell by 0.60 per cent to 13,418.27 points on Wednesday, May 28.
All sector indices with the exception of the transport segment ended in the red. Earlier in the day, Deutsche Bank research said the newly imposed rule that non-GCC foreigners can own up to 49 per cent of Qatari companies
RAK Ceramics gains on SCA approval for RAK ruler stake sale
May 28, 2014--On Wednesday, May 28, the Abu Dhabi equity market index ADXGI dived 2.37 per cent lower to close at 4,977.67 points.
Asmal lost the most, finishing off by 10 per cent (limit down) to AED5.40. Ras Al Khaima (RAK) Ceramic gained 0.27 per cent to reach AED3.70. Earlier in the day, the world's biggest producer
Dubai market rebound halted abruptly
May 28, 2014--After re-crossing the barrier at 5,000 points yesterday (Tuesday, May 27), the Dubai Financial Market General Index (DFMGI) plummeted by 3.26 per cent to hit 4,845.78 points on Wednesday, May 28.
Market breadth ended deeply in the red, as three shares advanced, while 24 declined in value. Arabtec was the most liquid share, ending down
Fawaz Abdulaziz AlHokair gains on sukuk plans
May 28, 2014--In Riyadh, the Tadawul All-Share Index advanced by 0.10 per cent to hit 9,830.19 points on Tuesday, May 27.
Market breadth was negative, as 67 shares advanced, while 74 declined in value. Fawaz Abdulaziz AlHokair Company added 0.28 per cent, finishing at SAR193.75. Earlier in the day, the wholesale retailer of fashion revealed that it will...
Qatar increases foreign ownership limit
May 27, 2014--Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar has ordered an increase the 25% foreign ownership limit for shares listed on Doha's stock exchange, less than a week before an MSCI Inc.
upgrade to emerging market status, Bloomberg has reported. Investors outside the six-nation GCC will be able to hold as much
Qatar Exchange gains as market lures London investors
May 26, 2014--The QE 20 Index closed 0.32 per cent to close at 13,393.34 points on Monday, May 26.
The Doha-listed shares ended mixed, with banks and financial services leading the advance. Ahead of the MSCI Emerging Markets inclusion for Qatari companies, the Qatar Stock Exchange hosted a dinner event in London for senior representatives of brokers...
