Most recent

• Gulf markets fall on regional economic fears Companies and Markets

  UPDATE 5: All seven markets in negative territory, Saudi and Dubai down around 4%.

  Sector: Financial Markets
• Gulf Bank not seeking merger Companies and Markets

  New chairman says merger not priority until restructuring ordered by Kuwait's central bank is finalised.

  Sector: Banking & Finance, Financial Markets
• NBK gets share buyback approval Companies and Markets

  National Bank of Kuwait, the country's largest lender, wins central bank approval to buy back 10% of stock.

  Sector: Banking & Finance, Financial Markets
• Amlak, Tamweel to merge under gov't bank Companies and Markets

  UPDATE 3: Dubai-based Islamic mortgage lenders to merge under Real Estate Bank.

  Sector: Banking & Finance, Financial Markets

Saturday, 22 November 2008

• Saudi stocks plummet as oil drops below $50 Companies and Markets

  UPDATE 2: Index closes over 9% lower with losses led by Kingdom and Samba Financial.

  Sector: Financial Markets

Wednesday, 19 November 2008

• Amlak suspends new mortgage loans Companies and Markets

  Dubai-based Islamic lender says move is temporary, may also need to access retail deposits.

  Sector: Banking & Finance, Personal Finance
• UAE to assess if $19bn facility enough for banks Regulatory, Companies and Markets

  Government will have disbursed $13.6bn by the end of next week, says official.

  Sector: Banking & Finance, Financial Markets
• Iran mulls $1bn international bond issue Bonds

  Islamic Republic tries to raise money in difficult financial climate against sanctions backdrop.

  Sector: Banking & Finance, Politics & Economics, Financial Markets
• First Gulf in share buyback Companies and Markets

  Abu Dhabi lender initiating buyback of 10% of its shares, which have fallen more than 40% this year.

  Sector: Banking & Finance, Financial Markets

Tuesday, 18 November 2008

• DIFX rebrands itself as NASDAQ Dubai Companies and Markets

  The NASDAQ OMX Group says it will list on the newly-named bourse from Nov 20.

  Sector: Financial Markets
• Sorouh: More emphasis needed on customers Companies and Markets

  Slowdown puts focus on quality, standards and transparency, says real estate official.

  Sector: Financial Markets, Real Estate

Monday, 17 November 2008

• Russia's Pharos fund sets up shop in Dubai Regulatory, Companies and Markets

  First Russia-focused fund to join Dubai International Financial Centre, says its founder.

  Sector: Banking & Finance
• Kuwaits's Global Investment House cancels $410mn loan Bonds, Companies and Markets

  Decides not to proceed with acquisition of 20% stake in National Bank of Umm Al-Quwain. 

  Sector: Banking & Finance
• Kuwait's Gulf Bank in $1.4bn capital hike after shock loss Equity, Companies and Markets

  Entire board resigns as state fund agrees to mop up any shares left unsubscribed.

  Sector: Banking & Finance
• NASDAQ chief calls for new study on 'systemic risk' Companies and Markets

  Boss of second largest exchange in US says more global market regulation needed.

  Sector: Financial Markets

Sunday, 16 November 2008

• Saudi bank credit growth poised for slowdown Regulatory, Companies and Markets

  But kingdom's non-oil private sector will grow in '09 on a par with '08, says SAMA's no. 2.

  Sector: Banking & Finance
• Kuwait bourse to resume trading Monday Regulatory, Companies and Markets

  Court accepts appeal by gov't against ruling that suspended dealings last week, lawyer says.

  Sector: Financial Markets
• Doha Bank give 20% stake to QIA Companies and Markets

  Qatari lender seeking shareholder approval for capital increase to be given to state wealth fund.

  Sector: Banking & Finance, Financial Markets
• UAE developer to delay IPO IPO, Companies and Markets

  Al-Benaa also reviewing projects due to market conditions, 'we need to look at all aspects', CEO says.

  Sector: Financial Markets, Real Estate
• Etisalat eyeing acquisitions in midst of crisis Companies and Markets

  UAE telecom seeking to benefit from falling asset prices in financial crisis.

  Sector: Technology

MIDDLE EAST MARKETS DATA

• Abu Dhabi Securities Exchange
• Amman Stock Exchange
• Bahrain Stock Exchange
• Beirut Stock Exchange
• DFM General Index
• Doha Securities Market
• Kuwait Stock Exchange
• Muscat Securities Market
• Saudi Stock Exchange