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23 July 2024

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Saudi bourse has 23 companies waiting to go public, says CMA head

Saudi Arabia has 23 companies approved to list on the kingdom's stock exchange, the head of the kingdom's Capital


Saudi riyal strengthened by huge assets

Saudi Arabia controls in excess of SR 2 trillion ($533 billion) in net foreign assets and this provides a good cover

ADX rose by 13% in 2009 outperforming most markets

The global fiscal distress wreaked havoc in most markets in the last months of 2008 and its effects continued to

Rakbank lifts foreign ownership

Ras Al Khaimah-based and Abu Dhabi-listed Rakbank announces in a media statement today that it has received ministerial


Citigroup to absorb Nikko Cordial in share swap

  Citigroup will proceed with its plan to absorb Nikko Cordial Corp., Japan’s third-largest brokerage, in a share swap,


IMF to Qatar: Loosen the peg

    Qatar has a bright economic outlook due to high oil prices but is at risk from inflation, and one way to contain

Typhoon Rammasun: Singapore Airlines; hole in wing

Tropical Storm Risk, which monitors cyclones, labelled Rammasun a category-two storm on a scale of one to five as it

Iran rial plunges 7% to new low

The Iranian rial plunged more than 7 per cent in open-market trade on Monday to a new all-time low of about 32,000 per

Officials prepare for joint UAE-India meet

Senior Emirati and Indian officials met in Abu Dhabi on Sunday to hammer out agenda of the 10th meeting of UAE-India

Listed firms told to open up

The Abu Dhabi Securities Exchange (ADX) has urged listed companies to open up to foreigners to support the country's

Goldman, QNB arrange loan for Travelex acquisition

Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million loan to help Abu Dhabi-based entrepreneur BR


Istithmar sells Spicejet shares

Dubai's Istithmar on Tuesday sold its 6.9 percent stake in Indian low-cost carrier SpiceJet for $25.3 million (Dh92.85