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UAE revives proposal to merge stock exchangesThe United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said. More… |
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Top Qatar banks to raise foreign ownership limitsCommercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday. More… |
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NBAD expands custody services to UAE boursesLeading UAE lender The National Bank of Abu Dhabi (NBAD) said it has become a direct custodian for Nasdaq-Dubai, thus availing direct custody services for all three UAE Stock Markets. This important milestone cements NBAD Custody& More… |
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Regulations, lack of liquidity ‘hitting GCC IPOs’Stricter regulatory scrutiny of companies with plans to list and a lack of liquidity in certain markets are the key factors responsible for the low volume of IPOs in the GCC in the last 12 months, experts said. Other issues hittin More… |
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Qatar bourse caps brokerage discountsQatar has limited the size of discounts that stock brokerages in the country can offer their customers, in a move that could reduce short-term speculative trading in shares. The Qatar Financial Markets Authority (QFMA), the regula More… |
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Asiacell shares double bourse market capThe market capitalisation of the Baghdad bourse doubled in February to reach $9.2 billion, boosted by Asiacell share trading, which started in early February. As the first major flotation since a U.S.-led invasion toppled Saddam H More… |
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Summit to discuss new Arab stock exchangeThe setting up of a joint Arab exchange in Bahrain will be discussed at a key joint Arab Foreign and Finance Ministers' Meeting being held today in Manama. Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa and Finance Minist More… |
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GIH approves delisting from Kuwait bourseShareholders in Kuwait's Global Investment House have approved the delisting of the stock from the Kuwait bourse, nearly a year after firm's shares were suspended from trading. "(The general assembly) agreed to author More… |
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Saudi plunges to 10-month low on Egypt worriesSaudi Arabia's bourse slumped to a 10-month closing low on Sunday as political turmoil in Egypt spooks investors mainly due to the Kingdom's heavyweight sectors - petrochemicals and banking. Saudi Basic Industries Corporat More… |
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UAE plans new market rules by year endThe UAE's main market watchdog approved market making and short selling of listed securities in a long-awaited move which may help revive the country's moribund equity markets. The Securities and Commodities Authority said More… |
