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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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Sri Lanka to ease foreign ownership restrictionsSri Lanka will allow foreigners full ownership of businesses if they invest more than $10 million, a minister said, and the measure will likely be introduced within two months. The proposed change comes as the $59 billion economy More… |
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UAE council rejects new foreign ownership rulesA government body in the UAE has rejected draft legislation that would have eased tight controls on foreign ownership of companies, with members citing security fears and threats to local business More… |
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Finance House approves foreign ownership of sharesAbu Dhabi-based Finance House (FH) has approved opening up of shareholding to foreign ownership to an extent of 20 per cent of its paid up equity share capital. An Extraordinary General Meeting (EGM) approved this proposal. Mohamm More… |
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No plan to raise foreign ownership limit: UAEThe United Arab Emirates has no plans to raise the 49 per cent foreign ownership limit for listed firms, said a senior economy ministry official, dashing hopes the country's bourse would be upgraded to emerging market status. Increasing fo More… |
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Finance House to offer 20pc shares to foreignersAbu Dhabi-based Finance House on Wednesday said it has won regulatory approvals to open up 20 per cent of its paid up equity share capital to foreign ownership. Commenting on the move, Mohammed Wassim Khayata, Finance House Group chief ope More… |
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Etisalat claims stock underpricedEtisalat, UAE’s leading telecom firm, is in talks with the government to allow it to fall under commercial law, allowing for foreign ownership of its shares which it considers undervalued, a top official said on Thursday. Chief financial o More… |
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UAE to allow full foreign ownership this yearA new UAE companies law that will allow 100 percent foreign ownership in some corporate sectors could be introduced before the end of 2011, the minister of economy said on Wednesday. "It could be any time this year," Sultan bin Saeed Al-Ma More… |
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Sharjah curbs foreign property ownershipSharjah has restricted foreign ownership of land and properties only to the UAE and Gulf nationals and companies fully owned by them under a new decree, said a report. As per the decree issued by Dr Shaikh Sultan Bin Mohammad Al More… |
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UAE unlikely to allow 100pc foreign ownershipThe United Arab Emirates new companies law, which is expected to come out in 2010, will relax foreign ownership restrictions but will stop short of allowing 100 percent ownership, an official said. Mohammed Omar Abdulla, undersecretary of More… |
