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16 May 2025

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Revaluation rumours dampen IPOs

(SALEM KHAMIS)   The uncertainty surrounding any revaluation of the dirham against the US dollar is delaying new

Shareholders of UAE Exchange secure Dh3.26-billion loan

The majority shareholders of UAE Exchange and Travelex have closed a $890 million (Dh3.26 billion) loan that will be

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Kuwait appoints first stock market regulator

Kuwait has appointed its first independent regulatory body, the Capital Market Authority, to oversee its stock exchange

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

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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

ADX and Stanchart in custody deal

Abu Dhabi Securities Exchange (ADX) and Standard Chartered signed a custody agreement, which will both encourage and

Oman warns of fake Indian rupee in GCC market

Oman has told citizens travelling to India to take foreign currency and avoid having rupees following the discovery of

ADX plans new investment tools

The Abu Dhabi Securities Exchange (ADX) is planning to introduce new investment tools and attract more institutional

Iranian stock exchange woos Dubai investors

Iran's bourse the Tehran Stock Exchange (TSE) has conducted a roadshow in Dubai to attract foreign investors. The head

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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,