Thursday 2 July 2015
 
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Slow start after Saudis open stock market to foreigners

One week after Saudi Arabia opened its stock market to direct foreign investment, US mutual fund managers said they are interested but not rushing to invest in the Middle East's biggest economy. Foreign fund inflows are slower

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Tadawul to showcase opportunities at top financial centres

The Saudi stock exchange (Tadawul) is planning to showcase the opportunities it holds at top financial centres around the world, after opening up to international investors, according to a report. A series of road shows will be or

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Suez Canal Authority gains powers to set up joint-stock firms

The Egyptian government approved legislative amendments on Thursday that would grant the Suez Canal Authority the right to establish joint-stock companies, the cabinet said in a statement. Egypt plans to build a new Suez Canal alo

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Oil gains 1pc after US stocks drop for 4th week

Crude futures rose about one per cent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. Oil saw steep falls earlier this week as a resurgent dollar

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Erbil Stock Exchange installs Wavetec’s display solutions

The Erbil Stock Exchange, which is Iraq’s first stock exchange, has installed video walls and stock ticker with global financial market display solutions specialist Wavetec’s financial display solutions. The displays i

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Egypt to tweak stocks tax, dampens hopes for big changes

The Egyptian government is working on amending the payment method of a new tax on stock dividends and capital gains, the finance minister said on Thursday, dampening market expectations of any big changes to the unpopular levy. Pr

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Kuwait reassures citizens on strategic food stocks

Kuwait has said that its strategic food stocks were at their highest level, in a message designed to reassure citizens after it joined a Saudi-led military operation in Yemen. "We are continually coordinating with the private

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Brent falls towards $53 after US crude stocks rise

Brent crude fell towards $53 a barrel on Wednesday as US crude stocks were forecast to have surged for the 10th straight week to a new record high, fuelling supply concerns of a global oil glut, although a weaker dollar kept a floor under prices

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Oman plans two initial public offers

Oman's stock market is likely to see two initial share sales before the summer, by a utility firm and a family-owned business, the director-general of the Muscat Securities Market said. “We are expecting some initial pub

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Oil slips towards $60 as oversupply weighs

Brent crude oil fell towards $60 a barrel on Friday as oversupply, underlined by record-high US crude stocks, weighed on the market. US crude inventories rose 7.7 million barrels to 425.6 million barrels last week, rising for a si

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