GCC money markets are slowing down, with softening of foreign exchange, credit default swap, corporate bond and equity market pricing resulting from continued macro-economic uncertainty, a report said.
Saudi Arabia, Oman and Bahra
For the seventh year in a row, National Bonds Corporation, the leading sharia-compliant savings and investment company in the UAE, is distributing ‘Eidiyah’ to more than 500 lucky minor bondholders.
Eidiyah is an annua
Middle East fund managers have turned negative towards fixed income for the first time since January because of the prospect of US monetary tightening and a flood of bond supply expected from governments in the region, a monthly Reuters poll fou
Dubai Electricity & Water Authority (Dewa) has no plans to raise new funds in 2016 or 2017, Dewa managing director and chief executive Saeed Mohammed Al-Tayer told Reuters on Monday.
Most of the utility's renewable project
The Saudi Arabian government is selling up to SR20 billion ($5.3 billion) of domestic government bonds to banks in a monthly sale to help cover a budget deficit caused by low oil prices, Maaal financial website reported on Tuesday.
Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic government bond offer this year, a central bank official told Reuters on Wednesday.
The number of Initial Public Offerings (IPOs) in the region diminished by half in the second quarter (Q2) of the year compared to the same period in 2015 as uncertainty and volatile market conditions weighed on investors and issuers, said indust
Middle East fund managers have become more bullish towards equities in the region over the past month because of flows of money into emerging markets globally, but they remain wary of the direction of oil prices, a Reuters poll found.
Saudi Arabia plans to let foreign institutional investors buy exchange-listed debt instruments as part of reforms intended to draw more foreign money into its markets, the Capital Market Authority (CMA) said on Wednesday.
Emirates Airline has announced that it will be closing two bonds in full this month, amounting to a total of $1.1 billion, which will be repaid from its own cash resources.
The airline announced that it has repaid a bullet bond in