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Location: Dubai, UAE - Web Content Manager
Location: Dubai, UAE
Gulf shares end down on profit taking
Financial Markets
Oman and Bahrain only markets to sustain rally as investors bank profits on rising markets.
Wednesday, 14 May 2008
Gulf markets post mixed results
Financial Markets
Shares rally across region, clawing back some of the losses incurred earlier in the week.
Reem Aluminium plans 2009 IPO
Financial Markets
Abu Dhabi firm awaiting new UAE companies' law that will allow it to sell less than 55% stake, GM says.
Emirates NBD eyes $2bn foreign currency bonds
Financial Markets
Dubai lender to use fund to finance regional and international expansion plans.
Tuesday, 13 May 2008
Oman, Qatar hit fresh highs as other markets decline
Financial Markets
Oman ends day above 11,400 points for first time, while Qatar touches 28-month high.
Burooj to triple capital, plans 2010 IPO
Financial Markets
CITYSCAPE: Abu Dhabi Islamic Bank property arm to raise capital to $408mn, MD says.
Monday, 12 May 2008
Saudi's Maaden plans $2.5bn July IPO
Financial Markets
State-owned mining company to offer Saudi investors 462.5 million of stock, equivalent to 50% of share capital.
Banks recover losses to drive markets higher
Financial Markets
Saudi the only loser, with the rest of Gulf's markets all ending up for the day.
Al Qudra to sell 30% of firm in IPO this year
Financial Markets
Abu Dhabi firm to relaunch IPO when new companies' law comes into force.
Sunday, 11 May 2008
Markets get week off to sluggish start
Financial Markets
Kuwait, Oman, Qatar and UAE indexes all fell as banks and developers drag on main indexes.
ADX to list Japan, Taiwan ETFs by year-end
Financial Markets
Abu Dhabi bourse looks to attract foreign investors through exchange traded funds.
Thursday, 08 May 2008
Banks help Gulf markets finish week on high
Financial Markets
Abu Dhabi's benchmark led the gains, reversing a two-day losing streak to rise 0.17%.
Wednesday, 07 May 2008
Saudi bourse sees sixth straight day of losses
Financial Markets
Banking stocks lead declines as investors book profits in stocks that rallied last month.
Saudi pension agency eyes property unit IPO
Financial Markets
Firm referred to as Pioneering Investment Company has $800mn of investments in Saudi.
Saudi bourse not ready for foreigners
Financial Markets
Boost transparency and deal with domestic liquidity before allowing foreign ownership - conference.
Tuesday, 06 May 2008
Kuwait bourse sets fresh lifetime high
Financial Markets
Index crosses 15,000-point mark for a second day, while Saudi benchmark falls for fifth consecutive day.
Abu Dhabi bourse renamed
Financial Markets
ADSM to be known as Abu Dhabi Securities Exchange (ADX) from today.
Abu Dhabi bourse rebrands, eyes foreign listings
Financial Markets
Market to be known as ADX, part of drive that aims to attract foreign companies.
Sunday, 04 May 2008
Kuwait hits fresh all-time high in intraday trading
Financial Markets
Index climbs 1.14% to 14,923.20 points after hitting 14,923.30 during session.
RAK plans $2bn Islamic bond sale
Financial Markets
UAE emirate plans five-year sukuk sale, proceeds to be used to fund infrastructure projects, source says.
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