As Syria opens up its banking sector, a Damascus stock market could also be on its way.
National Bank of Ras Al Khaimah (Rakbank) sees net first quarter profit increase 55% over same period in 2003.
John Irish, Monday, 10 May 2004, ArabianBusiness/News
Humansoft has announced it is reselling 40% of its shares, to be managed by the Kuwaiti Financial Centre for around 1060 Kuwaiti fils per share. The initiative is considered a step towards listing Humansoft in the Kuwaiti stock market in one year’s time.
Bonus shares also included in divi payout.
Mark Johnson, Thursday, 13 January 2005, ArabianBusiness/News
SHARES in Solidere, Lebanon’s largest company, fell by 15% last week after local markets reopened for the first time since the assassination of the company’s founder and the country’s former prime minister Rafik Hariri.
Rhys Jones, Sunday, 27 February 2005, ArabianBusiness/News
As Emirates posts profits for the 17th consecutive year, Sheikh Ahmed aims for further growth.
Rhys Jones, Thursday, 28 April 2005, ArabianBusiness/News
The company will manage Celtel as a separate operating entity and retain the existing Celtel management team and key board members.
The Dubai Gold and Commodities Exchange (DGCX), expected to go live this year, will float a fully owned subsidiary to carry out the settlement of trades on the exchange.
Avaya IP network provides Dubai Financial Market with advanced productivity features such as a virtual contact centre and call recording and monitoring applications.
Sarah Gain, Sunday, 22 May 2005, ArabianBusiness/News
MOHAMMAD Alabbar’s plans to invest US$3 billion in the Saudi property market are in tatters, after a court in Riyadh effectively barred Emaar from carrying out further work in the kingdom.
SYRIA has taken “important steps” towards creating a local stock market, according to Mohammad Al Hussein, the country’s minister of finance. The creation of a bourse, which has been backed by president Bashar Assad, is set to encourage further investment in the Syrian economy.
Rhys Jones, Sunday, 26 June 2005, ArabianBusiness/News
DISPROPORTIONATE valuations of listed companies in Saudi Arabia are making a “sharp and painful” correction in the region’s most capitalised market all the more likely, according to Japanese investment bank Nomura.
DESPITE several market corrections in two of the Gulf’s strongest stock exchanges, a leading Dubai based investment bank remains bullish on the prospects of growth in the region.
REAL ESTATE giant Emaar Properties reported a net profit of US$328 million for the second quarter of this year, down some 8.8% from the company’s first-quarter results of US$360 million.
Cairo and Alexandria Stock Exchanges (CASE) has upgraded its internal network infrastructure as part of an overall initiative to develop CASE as a major financial centre in the region.
THE DUBAI International Financial Exchange (DIFX) — due to open later this month — will have stricter regulatory controls than the recently breached Dubai Financial Market (DFM), according to one of the exchange’s top bosses.
Rhys Jones, Sunday, 11 September 2005, ArabianBusiness/News
Middle East Airlines is planning to list around 10% of its shares on the Beirut bourse as a first step towards full privatisation.
Neil Denslow, Tuesday, 01 November 2005, ArabianBusiness/News
The newly-opened Dubai International Financial Exchange (DIFX) is aiming to be a world-class exchange, and it is looking to technology provided by HP to help it achieve its goal.
Chris Whyatt, Sunday, 20 November 2005, ArabianBusiness/News
The Palestinian incumbent operator has begun its listing on the the Abu Dhabi Securities Market, listing 30% of its stock.
Alex Ritman, Monday, 26 December 2005, ArabianBusiness/News
The Abu Dhabi Securities Market deploys a new online trading system from Mubasher, giving direct access to markets across the world.
Eliot Beer, Wednesday, 08 February 2006, ArabianBusiness/News
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