Sunday 21 December 2014
 
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Mobily shares hit 32-month low

Shares in Saudi Arabia's Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily's shares were down

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Mobily shares hit 32-month low

Shares in Saudi Arabia's Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily's shares were down

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Saudi regulator probes Mobily after earnings errors

Saudi Arabia's bourse regulator launched an investigation into Mobily on Monday after the telecoms firm restated a year and a half of its earnings, months before the kingdom is due to open its stock market to direct foreign investment.

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Saudi regulator probes Mobily after earnings errors

Saudi Arabia's bourse regulator launched an investigation into Mobily on Monday after the telecoms firm restated a year and a half of its earnings, months before the kingdom is due to open its stock market to direct foreign investment.

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DHCC regulator launches ‘Appeals Board’

The Dubai Healthcare City (DHCC) regulator has launched the Appeals Board, which will provide healthcare operators with an independent system to appeal against decisions relating to licensing or complaints. A programme was organis

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Nayef Al-Hajraf new Kuwait CMA chief

Kuwait's cabinet appointed former finance minister Nayef Al-Hajraf as chairman of its Capital Markets Authority, which regulates the stock market, state news agency Kuna said. He replaces Saleh Al-Falah, who had held the post

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UAE regulator to tighten stock exchange supervision

The financial market regulator of the UAE said it would tighten supervision of the stock exchanges, after wild trading in Dubai-listed construction firm Arabtec helped to trigger a market crash. Regulations on bank lending against

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'Arabtec obeyed disclosure rules': UAE regulator

The UAE's stock market regulator said construction firm Arabtec had obeyed disclosure rules during a period of management turmoil at the company which slashed its share price and dragged down the entire marke

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MAF Dalkia wins Dubai utility regulator award

Dubai's utility watchdog Regulatory & Supervisory Bureau (RSB) has announced its first award under the accreditation scheme developed for energy service companies to MAF Dalkia. The award comes in line with the RSB’s

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Kuwait regulator may delay new laws

Kuwait's market watchdog may extend a year-end deadline for listed companies to comply with new corporate governance rules if it finds there are "real obstacles", the regulator said, after meeting with the commerce minister.

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