Itqan Capital, a Saudi Arabia-based investment company licensed by the Capital Market Authority (CMA) and a member of Al Baraka Banking Group, and Mubasher Financial Services, a leading financial institution in the Middle East, have signed a dea
Saudi Arabia's Itqan Capital, an Islamic investment firm, plans to develop a sharia-compliant brokerage arm and is nearing the launch of a $200 million education private equity fund, its chief executive told Reuters.
GIB Emerging Markets Opportunities Fund, the flagship hedge fund of GIB (UK), has appointed Barclays Bank to provide additional prime brokerage services to the fund.
GIB UK is a subsidiary of Bahrain-based Gulf International Bank
Menacorp, a leading financial services firm in the UAE, has been named the top brokerage firm from among the 49 listed brokers at the Dubai Financial Market (DFM) for the first quarter (Q1) of 2015.
The investment firm also ranked
Abu Dhabi Marina Real Estate Investments (ADMRI), a well-positioned property investment company in the UAE and Egypt, has launched its brokerage unit in Dubai, UAE.
ADMRI Real Estate Brokers will be a fully integrated service prov
Bank Muscat, Oman's largest lender, has sold its brokerage business to Gulf Baader Capital Markets, a brokerage firm based in the sultanate, the lender said.
The decision to sell the business was due to the bank's review o
The UAE Securities and Commodities Authority urged brokerages that extend margin trading services to obey regulations and sell clients' shares if shortages in their accounts are not filled on time.
The market regulator said it
Dubai Financial Market (DFM) has accredited five brokerage firms to provide margin trading, lifting the total number of firms providing this service to 24.
The firms include Al Safwa Islamic Financial Services, Global for Shares &
Mubasher, a leading provider of brokerage services in the Middle East, said its 'Mena Favorite List' (Mena FL) has generated a total return of more than 33.28 per cent in US dollar's outperforming benchmark (Dow Jones Mena total retu
Dubai-based brokerage I-Deal said it has launched the region’s first Shariah-compliant managed commodity account, ”Mawthooq.”
The innovative new offering is a professionally managed investment account that provid