Saudi Arabia's market watchdog has approved share sales by two companies based in the kingdom that will take place before the end of the year, the first such listings since May.
Bawan Company, a Riyadh-based building materials
Saudi Arabia's market regulator said on Monday that the number of suspected violations of its rules fell by 16.7 percent in 2011.
The Capital Markets Authority, which said in January that foreign firms would be allowed list on the exchange
A Kuwaiti court will rule later this month on a challenge filed by the stock market regulator against a cabinet decree that ended the tenure of three of its commissioners, a court official said on Sunday.
The first degree court will issue
Employees of Kuwait Stock Exchange agreed on Tuesday to give authorities three weeks to meet their demands, a representative said, delaying a planned strike.
'Our reaction will be stronger in three weeks, after giving them a chance to
Kuwait’s minister of trade and industry will nominate three new commissioners for the country’s newly formed regulator Capital Markets Authority (CMA).
The three new commissioners are replacements for officials who were removed from positi
Kuwaiti investment firms will need separate licences to operate their lending and investment businesses as the central bank eliminates regulatory overlap with the newly formed Capital Markets Authority.
The decision was in a central bank c
Saudi Arabia's move to issue a jail sentence in absentia for insider trading does little to improve transparency on the Arab world's biggest bourse and may have come too late to prevent further abuses, analysts said on Monday.
Saudi Arabia's Kingdom Holding will sell 5 per cent of its shares to Saudi nationals next week in an initial public offering that values billionaire investor Prince Alwaleed bin Talal's company at $17.2 billion.
Kingdom Holding, which had
Merrill Lynch has received a banking licence from the Capital Markets Authority to operate in Saudi Arabia.
The licence will allow Merrill Lynch to offer its domestic and global clients a full suite of global markets, investment banking p