Thursday 11 February 2016
 
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Link to enable Egyptian investors to trade on Nasdaq Dubai

Egyptian investors can buy and sell shares on Nasdaq Dubai, a leading financial exchange in the region, through a newly created link with Misr for Central Clearing, Depository and Registry (MCDR).   The new link

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How Saudi tactfully defended its US oil market share

Saudi Arabia has successfully defended its share of the US oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from other countries, said an expert. Saudi cru

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Al Tayyar to up Zakhr buy to 30pc via $214m swap

Saudi Arabia's Al Tayyar Travel Group will buy 30 per cent of Zakhr Investment and Real Estate Development after amending an initial agreement to buy into the firm signed in August, the travel company said on Tuesday. Under th

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Al Tayyar to up Zakhr buy to 30pc via $214m swap

Saudi Arabia's Al Tayyar Travel Group will buy 30 per cent of Zakhr Investment and Real Estate Development after amending an initial agreement to buy into the firm signed in August, the travel company said on Tuesday. Under th

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Saudi Hollandi cuts cash dividend, plans share giveaway

Saudi Hollandi Bank, the kingdom's oldest lender, cut its cash dividend for 2015 but is planning a large bonus share issue to investors. The bank said in a bourse filing on Tuesday that its board had recommended paying a cash

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Asia shares retreat, euro subdued on ECB stimulus bets

Asian shares fell and the dollar held near an eight-1/2-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.   The

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Etihad asks court to allow code share with Air Berlin

Etihad Airways said it had asked a German court to grant a temporary injunction on Friday so it could go ahead with code-share flights with Air Berlin without approval from transport authorities.   Time has been

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First Bahrain to distribute 10pc dividend

First Bahrain, a leading Kuwaiti real estate development company, yesterday announced a 10 per cent share dividend, distributing KD2.12 million ($7 million) of its retained earnings proportionally amongst its shareholders. The distribution is

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Asia stocks subdued amid lingering global growth woes

Asian shares were subdued on Thursday after more dour economic news in China and the US prompted a bruising selloff the previous day.   Worries that an eventual tightening in US monetary policy and slower growth

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Asian shares edge up, dollar soft as Fed stands pat

Asian shares rose modestly on Friday on relief the Federal Reserve held off on raising interest rates but gains were capped by renewed concerns about the health of the global economy, in particular China.   The d

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