• Geopolitical tensions boost oil, weigh on equities

    Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest rate cuts amid stubbornly-high inflation. "Heightened tensions between Ukraine and Russia have brought a halt to the rally in equity markets seen last week," said Russ Mould, investment director at...
  • Doha Bank bond issue oversubscribed four times

    Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2 billion, marking an oversubscription of 4 times. The investor base includes prominent asset managers, banks, private banks, and insurance companies from the United States, Europe, Asia, and the Middle East....
  • Asian markets mostly down as China sets 5 percent growth goal

    Hong Kong, China - Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators. Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000...
  • European markets surge as US jobs data batter rate cut hopes

    "The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have finally put the nail in the coffin of the idea rates will be cut next month," said AJ Bell investment director Russ Mould.
  • European market up on record-busting Wall Street

    A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500 index to its first new all-time high since early 2022 thanks to bets on lower borrowing costs this year.
  • FAB issues first Sukuk globally in 2024

    ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779 percent. This marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final...
  • Asia stocks track global losses as traders step back after rally

    Hong Kong, China - Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data. Equities surged in...
  • Baidu cancels YY Live deal

    The deal was originally expected to be completed by 2021.
  • Dubai Taxi IPO raises US$315m

    It received more than US$41 billion in investor orders.
  • PIF announces pricing of inaugural $3.5bn global sukuk issue

    RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk). The total amount of the issuance is $3.5 billion, consisting of two tranches - a $2.25 billion, 5 years sukuk maturing in 2028 and a $1.25 billion, 10 years sukuk...
  • Renault shares fall as sales disappoint

    The company's strategy is to sell fewer cars but at higher prices.
  • UAE stocks generate strong cash flows as DFM hits 8-month high

    Abu Dhabi, UAE--UAE stock markets Thursday continued to capitalize on improved investor sentiments, defying US Fed's decision to keep interest rates steady on Wednesday, while projecting an increase by year-end. Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital's bourse, as giant property Emaar drove DFM...
  • Dubai real estate sales up despite price rise since January 2020

    Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this upwards trend appears to have become a staple of permanence in the emirates’ real estate market. Sales frequency has surged on the heels of investor confidence being renewed amid continued...
  • Agility posts Q2 earnings of $46m

    Net profit was affected by higher interest rate.
  • DFM adds new investor accounts

    The brokerage firms added 26,953 new accounts in H1.
  • SPC Free Zone to provide licenses within 45 minutes

    SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses to obtain their licenses within just 45 minutes across an extensive selection of 1,500 business activities to choose from. Aspiring business owners, especially those in the publishing, creative sectors, and...
  • UAE to deepen economic ties with Morocco in several sectors

    Rabat, Morocco-- Seeking to deepen its investments in Morocco, which stood at US$14 billion at the end of 2021, the UAE intends to widen the partnership with the kingdom over the next few years. In this regard, the two countries have agreed to double the volume of trade and investment...
  • Qatar opens new derivatives market, investors can trade options, futures

    Doha, Qatar--Qatar's bourse intends to open a new derivatives market that will allow investors to trade options and futures on local stocks and its equity index, the country's financial regulator said on Monday. The Qatar Financial Centre Regulatory Authority (QFCRA) issued a new regulatory framework for listed derivatives after a...
  • Reforms in tax and visa rules to drive UAE’s growth

    The introduction of new laws regarding the ownership structure of mainland companies may boost the Gulf country's economy in 2023 as it is expected to attract more investors.
  • Recession in Germany to be lower than predicted, says Ifo Institute

    Ifo's positive outlook came a day after a closely watched survey showed German investor confidence rising again in December.
  • Algeria, France hail ‘new dynamic’ in economic ties

    The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit to Algiers by France's Elisabeth Borne. The French PM's two-day trip to Algeria comes just weeks after President Emmanuel Macron concluded his own three-day visit in August, following months of...
  • Muscat Stock Exchange trading value up 5.5 percent in a week

    Muscat, Oman - The value of trading on the Muscat Stock Exchange increased last week to 9.6 million Omani riyals ($25m), compared to 9.1 million riyals ($23.65m) in the previous week, recording a growth of 5.5 percent. This rise came at a time when investors tended to diversify their portfolios,...
  • PIF, Capital Bank Group sign pact

    The deal worth $185m makes PIF a strategic investor in the group.
  • Dubai’s luxury retail on the rebound

    The government initiatives make the emirate a safe refuge for both inhabitants and tourists which has fuelled consumer activity. Expat-friendly laws have brighten up the prospects for growth in luxury retail sector.
  • VARA of Dubai to make entry into Metaverse through ‘Sandbox’

    Dubai’s Virtual Assets Regulatory Authority (VARA) will enter into the Metaverse with the establishment of its Metaverse HQ in the dynamic virtual world of ‘The Sandbox’.
  • Jordan minister urges officials to expedite services for citizens, investors

    Nayef Steitieh told field managers in his ministry and across governorates to also look to replace expatriate workers with those from Jordan.
  • SIDF and Al Rajhi team up to boost industries growth

    The Saudi Industrial Development Fund (SIDF) has teamed up with Al Rajhi Bank to provide a documentary credit service.
  • Saudi Arabia sells dual-tranche bonds for $3.25 billion

    Saudi Arabia has sold two bonds--a sukuk tranche and a conventional bond--for $3.25, the kingdom's National Debt Management Center (NDMC) has announced. The value of the first tranche is at $2 billion for a nine-and-a-half-year sukuk maturing in 2031, while the second tranche of $1.25 billion is for a 30-year...
  • Dubai increases ease of doing business by more than half

    This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set earlier this year.
  • Evergrande shares rise

    The Chinese firm has restarted work on 10 projects.
  • Saudi Arabia workshop woos German investors

    The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.
  • Investors to sue Boeing’s Board of Directors for 737 crashes

    Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of which involved the 737 Max aircraft. Not the least of these was the $2.5-billion fine levied on it by the US Department of Justice in January this year.
  • Own a share of Dubai property for as little as $136

    If you are an investor, you can now own a share of Dubai property for as little as $136.
  • Private investors set to inject $7.3bn in Saudi health

    Saudi Arabia is aiming to lure private investors into the health sector of the kingdom with its plan to take private participation from 25 percent to 35 percent by 2030.
  • Saudi Arabia issues record 478 licenses in first quarter

    Following a 2018 reform in the Kingdom that allowed for a first time the 100 percent foreign ownership of companies, 59 percent of new investment projects in Q1 2021 were full foreign ownership, with the remainder being joint ventures with local investors.
  • Qatari investor in Deutsche Bank feels European banks should merge

    *Sheikh Hamad feels it is the only way to take on US and Chinese globally *He is one of the German lender’s largest shareholders Qatari investor in Deutsche Bank AG, Sheikh Hamad bin Jassim bin Jabor Al Thani, has appealed to European financial services to merge in order to take...
  • Investor sells his 2.4 stake in Abu Dhabi Commercial Bank for $300 million

    The offering consisted of 164 million shares in the bank The Abu Dhabi Investment Council is the largest shareholder in ADCB with a 60.2 percent stake An unnamed investor holding 2.4 percent stake in Abu Dhabi Commercial Bank (ADCB) has sold his entire stake in the lender for about 1.1...