Bahrain Bourse (BHB) and the Saudi Stock Exchange (Tadawul) have entered into a memorandum of understanding (MoU) to deepen and enhance existing co-operation.
Signed by BHB chief executive Fouad Rashid and Tadawul chief executive
The Saudi Arabian Capital Market Authority (CMA) has tightened rules on how long shares in listed firms can trade if the companies have large accumulated losses, it said on Monday, in a move that analysts said could soon affect several firms.
Bahraini investors and gold traders have expressed willingness to set up a natural pearl trading bourse at the GCC level, headquartered in Bahrain.
This proposal was raised during the recent GCC Gold and Jewellery Consultative Mee
Cairo's bourse rose to a 33-month high as upbeat regional investor sentiment and a positive global backdrop supported buying after a long holiday.
The index climbed 1.1 per cent to 6,054 points, its highest level since January
Hasan Abdullah Ismaik, the chief executive of Dubai-based construction company Arabtec, has increased his personal stake in the company to more than 8 per cent, records on the Dubai bourse website show.
Arabtec has been on an aggr
Dubai's bourse extended gains to hit a fresh 56-month high in heavy retail investor activity as upbeat earnings boosted sentiment.
The index climbed 0.8 percent to 2,645 points, its highest level since Nove
Securities exchanges in the UAE will close from Wednesday, August 7 for Eid Al Fitr holidays, a statement by the Securities and Commodities Authority said.
The exchanges will reopen on the fourth day of the nex
Saudi Arabia's bourse will close for a week starting Tuesday Aug. 6 for Eid al Fitr, the occasion marking the end to Ramadan.
Trading will resume on Aug. 13, the following Tuesday, a Saudi exchange statement said. –