Dubai's ambition to become an international equity hub may have been put on ice by its need to repay debts, but the emirate could still become a magnet for global equity funds if the UAE consolidates its bourses and earns MSCI emerging market
Kuwait's bourse is in talks with Deutsche Boerse and Nasdaq OMX Group Inc to buy a foreign trading system, sources familiar with the situation said.
The Kuwait Stock Exchange (KSE), the second-largest Arab bourse, has dropped talks wit
Borse Dubai has begun talks with banks over a syndicated loan that will refinance the company's $3.78 billion loan agreed in March to back its acquisition of Nordic exchanges group OMX, banking sources said.
The original financing, whi
Borse Dubai's $3.78 billion syndicated loan backing its acquisition of Nordic exchanges group OMX is expected to sign in participating banks next week, a banking source said.
The financing consists of a $2.226 billion facility and a 796 mi
The Dubai International Financial Exchange (DIFX), of which Nasdaq Stock Market owns around a third, said on Saturday it had named two new board members after the completion of the OMX acquisition.
Borse Dubai, the parent company of the DI
Nasdaq Stock Market has said it expects its $4.5 billion deal to acquire Nordic and Baltic stock exchange OMX, through a complex tie-up with Borse Dubai, will close on February 27.
Nasdaq said Borse Dubai had been successful in a tender of
Borse Dubai's takeover of Nordic exchanges group OMX is on course to be completed this month and no other big deals are foreseen for now, OMX chief executive Magnus Bocker has said.
Bocker said he expected to announce on Friday that accept
OMX said on Wednesday its board had unanimously recommended a takeover bid by Borse Dubai, which had teamed up with US firm Nasdaq to purchase the Nordic and Baltic exchange owner.
State-run Borse Dubai offered 265 Swedish crowns ($4
Sweden's Financial Supervisory Authority said on Tuesday Qatar Holding had withdrawn its request that the financial watchdog approve it as a suitable owner of Nordic bourse operator OMX.
The authority said in a statement it was now ending
The Qatar Investment Authority wants Sweden's regulator to speed up a decision on its suitability as an owner of OMX, a report said.
It wants the ruling to come at the same time as a ruling on rival Borse Dubai, daily Dagens Industri wrote