The regional capital markets in the Middle East and North Africa recorded a twenty-fold increase in capital raised during the first quarter through three IPOs which soared to $1.6 billion compared to last year's $82.8 milli
The Sharia-compliant assets at commercial banks in the GCC region climbed 14.1 per cent from a year earlier to $445 billion at the end of 2012, according to a report.
While Islamic banking assets posted solid growth the conventional ban
The companies in the Middle East region raised a total of $1.29 billion through five initial public offerings (IPOs) in the second quarter of 2012, up 344 per cent when compared to the same period last year, said a report.
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More than 250 senior finance and tax professionals outlined the evolving tax landscape in the Mena region at a key summit hosted by the Ernst & Young in Dubai on Sunday.
The 'E&Y Mena Tax Conference 2012' was aimed at promo
The value of initial public offerings (IPOs) in the Mena region surged 23.6 per cent to $218.9 million in the third quarter compared to $177.04 million last year, according to a report by Ernst & Young.
E&Y in its IPO upd