2017 2016 2015 2014 2013 2012 2011 2010 News Archive
January February March April May June July August September October November December
Regulator allows brokerages to sell shares of defaulting clients
(Times of Oman - 31/12/2015)

Oman’s market watchdog Capital Market Authority (CMA) has allowed brokerage firms to sell the shares of defaulting clients after the third day of purchase (settlement day) without an authorisation. The new measure is part of a major risk management

Abu Dhabi Global Market brings in ‘transparent regulations and rules’
(The National - 31/12/2015)

Abu Dhabi Global Market, the capital’s new financial free zone, has put in place another layer of the legal infrastructure essential for its independent courts system. ADGM announced it has enacted regulations on civil evidence, judgments, enforcement

UAE markets almost flat as Brent prices drop
(Gulfnews - 31/12/2015)

Despite a drop over two per cent in the prices of Brent crude oil that slumped towards 11-year lows, the UAE’s equity markets were not too volatile, with the benchmark indexes moving less than one per cent each on Wednesday. The Dubai Financial Market

New trends in the app market and top picks from 2015
(Gulfnews - 31/12/2015)

As 2015 exits, users are looking forward to practical apps that help them. New forms of social media such as Periscope, and productivity apps such as Workflow, were introduced this year and have taken their place in the established market place. As the

Tadawul index drops 0.9%: Mobily rises 1.8%
(Arab News - 31/12/2015)

Petrochemical stocks pulled Saudi Arabia’s main equity index down in the wake of gas feedstock price rises in the 2016 state budget, while Egypt’s market rose in a broad-based rally, breaking technical resistance. Telecommunications firm Mobily rose 1.8

Middle East Healthcare IPO approved by CMA
(Arab News - 31/12/2015)

Saudi Arabia's Capital Market Authority (CMA) said on Wednesday it had approved a stock exchange flotation for Middle East Healthcare Company, Reuters reports Middle East Healthcare Co. will offer 30 percent of itself in its initial share sale,

DFM, ADX up after Saudi budget announcement
(Gulfnews - 30/12/2015)

The UAE’s equity markets ended the day in the green on Tuesday after dropping in early trade following Saudi Arabia’s anticipated budget announcement. The Dubai Financial Market (DFM) index rose 0.49 per cent to reach 3,134.82, having touched a low of

Tadawul’s 3% plunge is first of many hurdles
(Gulfnews - 30/12/2015)

A plunge in Saudi Arabia’s Tadawul index by as much as 3.23 per cent in the first half an hour of trade on Tuesday may very well be just the first in a train of troubles for the kingdom’s market, analysts said. The Tadawul All Share index reached a low

Kuwait bourse sheds 18.75 pts, volume flat
(Arab Times - 30/12/2015)

Kuwait stocks pulled lower on Monday as it continued to see saw in a narrow range. The key gauge slipped 18.75 pts in listless trading to settle at 5,628.41 pts even as the board remained mixed. Most of the banks held steady while some of the real estate

Saudi market regulator prohibits violating acts in stock exchange
(Saudi Gazette - 30/12/2015)

The Saudi Capital Market Authority (CMA) confirmed Tuesday its commitment to ensure fairness in securities transactions and limit cases of fraud, deceit, cheating, or manipulation that market participants might face which could negatively affect their

The Capital Market Law prohibits violating acts in the stock exchange
(Arab News - 30/12/2015)

The Capital Market Authority (CMA) confirms its commitment to ensure fairness in securities transactions and limit cases of fraud, deceit, cheating, or manipulation that market participants might face which could negatively affect their transactions and

Oman UAE Exchange plans to expand branch network
(Times of Oman - 29/12/2015)

Oman UAE Exchange, the leading money exchange in the Sultanate, plans to expand its branch network and introduce new products and services to cater to the growing needs of local customers, subject to regulatory approvals. “Apart from branch expansion,

Property stocks lead falls on Dubai Financial Market
(The National - 29/12/2015)

UAE shares had a mixed showing on Monday with Dubai closing in the red and Abu Dhabi rising. The decline in the Dubai Financial Market General Index, which closed 1.3 per cent lower at 3,119.40, was led by blue chip property stocks. Damac Properties,

(Gulfnews - 29/12/2015)

Abu Dhabi Global Market (ADGM), the international financial centre, and the Abu Dhabi Food Control Authority on Monday signed a memorandum of understanding that enables both institutions to cooperate and share information on matters relating to food

KSE advances 27.18 pts in ‘lackluster’ trading
(Arab Times - 29/12/2015)

Kuwait stocks swung higher on Sunday following the drop in the last session. The price index rose 27.18 pts in lackluster trading to 5647.16 points helped by moderate buying in some of the mid and small caps. The market mood remained dull even as

Saudi stocks gain confidence in new budget
(Saudi Gazette - 29/12/2015)

The Saudi stock market reacted positively and lent support to the new budget announced earlier before the close of daily trading Monday. The Saudi stock benchmark Tadawul All Share Index registered a 0.67% at close to 6, 992.19 points. All sectoral

Oman Cables to hold conference on December 29
(Times of Oman - 28/12/2015)

Muscat Securities Market (MSM) will host Fabio Romeo, chairman of Oman Cables Company and other company officials at a press conference at 10am on Tuesday . The announcement comes after the acquisition of 51 per cent shares of Oman Cables Company by the

Industrials, telecom lift Qatari stocks
(The Peninsula - 28/12/2015)

Qatari stocks edged higher yesterday driven by industrials and telecom stocks. The benchmark index gained 44.08 points or 0.43 percent to finish at 10,302.80. The daily turnover declined to QR125m with a volume of over 3 million shares from 2,219 deals.

Surge in Etisalat shares expected to last well into 2016
(The National - 28/12/2015)

The stellar rise of Etisalat shares this year, on the back of the loosening of foreign ownership restrictions and the inclusion of the stock in MSCI’s emerging market index, could continue well into 2016 with its inclusion in FTSE indexes and the

UAE equities continue trading sideways
(Gulfnews - 28/12/2015)

The UAE’s equity markets continued to trade sideways on Sunday as profit-taking activity continued amid attractive valuations, with investors consolidating their portfolios and attempting to buoy the index before the end of 2015. The Dubai Financial

Qatar Central Securities Depository launches SMS service
(The Peninsula - 27/12/2015)

Qatar Central Securities Depository (QCSD) announced the launch of SMS Service and Daily E-Statement as of Sunday, December 27. Through these services, the shareholder will be promptly informed of the operations carried out on his account and any changes

Markets subdued amid declining oil prices
(Arab Times - 27/12/2015)

The KSE indices remained flat as investors witnessed a further decline in crude oil prices as the Brent Crude closed at $36.21 which nearing a 7 year low. Also; the markets are expecting the Saudi Budget early next week for further course of action.

Domestic IPOs in Kingdom raised $1bn capital in 2015
(Arab News - 27/12/2015)

Domestic IPOs in Saudi Arabia declined this year, with capital raised dropping 84 percent (from $6.4 billion in 2014 to $1 billion in 2015), while volume fell from five listings to three this year, states a report global law firm Baker & McKenzie.

UAE Exchange in deal with Aster
(Gulf Daily News - 24/12/2015)

UAE Exchange, a remittances, foreign exchange and payment solutions brand, has signed a memorandum of understanding (MoU) with Aster DM Healthcare SPC, a Dubai-based healthcare company to provide subsidised healthcare facilities to its gold card

No Santa Claus rally for UAE markets lacking catalysts
(Gulfnews - 24/12/2015)

The UAE’s benchmark indexes moved less than one per cent each on Wednesday as speculations continued amid a lack of catalysts in the markets and as investors attempted to consolidate portfolios before the end of the year. The Dubai Financial Market (DFM)