Dubai-based Marka, a retail and restaurant start-up which listed on the emirate's bourse last year, expects to turn profitable in the fourth quarter of 2015, its chief executive said on Monday.
Nick Peel also said the firm was
Daman Investments, a United Arab Emirates investment management firm, said on Monday it planned to list on the Dubai Financial Market during the first quarter of 2015.
Dubai-based Daman will sell new shares equivalent to 55 per ce
Abu Dhabi Securities Exchange (ADX) is in discussions with four companies about listing on the bourse, with two potentially happening before the end of the year, ADX chief executive Rashed al-Baloush said on Monday.
He did not say
The financial market regulator of the UAE said it would tighten supervision of the stock exchanges, after wild trading in Dubai-listed construction firm Arabtec helped to trigger a market crash.
Regulations on bank lending against
Saudi Arabia's stock exchange introduced on Sunday a new method for calculating the closing prices of traded shares, to limit excessive speculation and manipulation in the Gulf Arab region's largest stock market.
Telecom operator Zain Bahrain and a firm involved in running petrol stations are among the firms preparing for an initial public offer (IPO) of shares on Bahrain's stock exchange this year, a top bourse official said.
EFG Hermes Holding, a leading investment bank, has finalised a share buyback programme that will aim at returning EGP1 billion ($143.3 million) to the company’s shareholders during the first nine months of 2014.
The first ph
Dubai Financial Market (DFM), the Gulf's only listed stock exchange, swung to a third-quarter net profit due to higher trading values and bullish investor sentiment on back of continued economic recovery in the emirate.
Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed deal that could energise financial markets in the UAE, sources familiar with the plan said.