Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: July 23, 2014
INTERNATIONAL. The opening of the Saudi stock market to international investors is "something we have been looking for from Saudi Arabia for some time, and it's welcome news.
Posted: July 23, 2014
UAE. GCC equity markets bounce back strongly as profits surge; India boosts bank lending to long-term infrastructure projects; Major central banks remain accommodative; Watch US inflation data for clues to the future trajectory of interest rates.
Posted: July 23, 2014
UAE. The UAE Central Bank has announced recently a new lending facility to assist banks which face short term liquidity shortfalls in the future.
Posted: July 23, 2014
UAE. Emerging capital markets are expected to double their global index share by 2030, according to the Credit Suisse Research Institute's "Emerging Capital Markets: The Road to 2030" report.
Posted: July 23, 2014
UAE. HNW business owners in Asia, Africa and the Middle East are highly focused on growing their business, and personal wealth ambitions come second, finds a study by Standard Chartered Private Bank.
Posted: July 23, 2014
UAE. Colliers' Capital Flows Quarterly Report highlights Middle East investors' appetite for alternative product including hotels and serviced apartments.
Posted: July 22, 2014
UAE. If Saudi Arabia was to join the MSCI Frontier Markets, it would become its first component with a weighting above 60%.
Posted: July 22, 2014
UAE. Global banking sector increases IT spend to meet customer and regulatory demands, with 65% saying mobile is most important tech trend, according to SAP study.
Posted: July 22, 2014
UAE. Vigorous return of foreign IPOs on U.S. exchanges; 41 capital raising transactions bring in over US$9.1 billion, up from US$3.6 billion mid-2013; US$4.7 billion of DRs held in the Middle East and Africa by value, up 15.9%.
Posted: July 22, 2014
UAE. Awards aim to promote ethics and innovation in financial services.
Posted: July 22, 2014
SAUDI ARABIA. Muhammad Anum Saleem, Senior Associate, D&P Dhabaan and Partners in association with Eversheds, Saudi Arabia, comments on the opening up of the market.
Posted: July 22, 2014
UAE. The escalation of turmoil in the world is yet to play a role for the market, but be warned: everything economic has a delayed reaction of nine to twelve month. If the present state of alertness continues through the summer you can bet on higher energy prices having a serious impact.
Posted: July 22, 2014
SAUDI ARABIA. Saudi Arabia is removing barriers on one of the world's most-restricted major stock exchanges as the government pursues a US$130 billion spending plan to boost non-oil industries.
Posted: July 21, 2014
UAE. Arabtec fell to the lowest level in a week as some investors questioned the government's support for the UAE's biggest publicly traded builder.
Posted: July 21, 2014
UAE. GCC IPO volume up 67% in H1 2014; H1 2014 saw the most capital raised and highest volume of IPOs since 2008; "The IPO market is very strong across MENA, particularly among the GCC countries."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 23, 2014
INTERNATIONAL. The opening of the Saudi stock market to international investors is "something we have been looking for from Saudi Arabia for some time, and it's welcome news.
date:Posted: July 23, 2014
UAE. GCC equity markets bounce back strongly as profits surge; India boosts bank lending to long-term infrastructure projects; Major central banks remain accommodative; Watch US inflation data for clues to the future trajectory of interest rates.
date:Posted: July 23, 2014
UAE. In preparation for the Law coming into effect in early September 2014, employers should now review who within the workforce is affected by the Law, what the duration of service will be and how the business is going to resource whilst the employee is away and ensure that the role remains open.
UAE. Emerging capital markets are expected to double their global index share by 2030, according to the Credit Suisse Research Institute's "Emerging Capital Markets: The Road to 2030" report.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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