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Saudi equities sustain gains at close
(Saudi Gazette - 30/11/2017)

Saudi Arabia equities were higher at the close on Wednesday, as gains in the Petrochemicals, Media & Publishing and Multi Investment sectors propelled shares higher. The Saudi stock index spent almost all the day trading higher though it closed up only

ADX sees rising demand for issuance of Investor Numbers due to Adnoc
(Gulfnews - 30/11/2017)

Abu Dhabi Securities Exchange (ADX) announced a 2,700 per cent increase in demand for the issuance of Investor Numbers (IN) between November 26-28, post the initial public offering by Adnoc for Distribution. Initial Public Offering (IPO) enquiries

DSI, DI spur traded value on Dubai bourse
(Gulfnews - 30/11/2017)

Dubai Investments and Drake and Scull (DSI) spurred traded volumes on Dubai bourse ahead of their inclusion in the MSCI Gulf index even as Dubai index fell for another session. Traded value rose to Dh837 million on Wednesday compared to Dh300 million in

An IPO that will be a bellwether for UAE economy
(Gulf News - 29/11/2017)

With Abu Dhabi National Oil Company’s (Adnoc) IPO now being rolled out, the UAE stock market, particularly Abu Dhabi’s, enters a new phase across all levels and in sync with the development the economy is experiencing. It will also meet a most strategic

Oman’s share index gains on strong buying support
(Times of Oman - 29/11/2017)

Oman’s benchmark MSM30 index closed at 5110.53 points, marginally up by 0.04 per cent. The MSM Shariah Index ended at 719.08 points, marginally up by 0.08 per cent. Oman Fisheries was the most active in terms of volume as well as turnover. The top gainer

QSE snaps 2 straight days of bull run on across-the-board selling
(Gulf Times - 29/11/2017)

An across-the-board selling, after two straight days of gains, on Tuesday landed the Qatar Stock Exchange in the negative trajectory. The 20-stock Qatar Index shed 0.43% to 7,734.41 points despite buying interests of domestic, Gulf and foreign

Emaar Properties weigh on Dubai index again
(Gulfnews - 29/11/2017)

Emaar Properties shares fell more than one per cent on Tuesday, weighing on Dubai index ahead of a long weekend, even as Dubai Investments and Drake and Scull, which are set to be included in the MSCI Gulf index, had a mixed session. Emaar Properties

Oman’s share index edges down on profit-booking
(Times of Oman - 28/11/2017)

MSM30 index closed at 5108.47 points, marginally down by 0.05 per cent. The MSM Shariah Index ended at 718.52 points, down by 0.83 per cent. Bank Sohar was the most active in terms of volume as well as turnover. The top gainer was Ahli Bank up by 2.94

UAE bourse traders stay on sidelines ahead of long weekend
(Gulfnews - 28/11/2017)

Traders on the UAE bourses kept on the sidelines ahead of a long weekend, fearing any volatility in international markets even as Dubai Investment and Drake & Scull International emerged the top performers in trade before their inclusion on the MSCI GCC

Bahrain Bourse and BIBF launch “The Investment Academy”
(Biz Bahrain - 28/11/2017)

Under the patronage of the Minister of Industry, Commerce, and Tourism and the Minister-In-Charge of Bahrain Bourse H.E. Zayed Rashid Al-Zayani, Bahrain Bourse (BHB) in collaboration with Bahrain Institute of Banking and Finance (BIBF) announced the

Dubai's Emirates REIT picks Standard Chartered for debut dollar sukuk
(Reuters - 27/11/2017)

Emirates REIT , a Dubai-based sharia-compliant real estate investment trust, has appointed Standard Chartered to lead its planned debut U.S. dollar-denominated sukuk, sources familiar with the matter said. The sukuk transaction, which according to a

Saudi rises after prince reassures on crackdown, Gulf mostly sluggish
(Reuters - 27/11/2017)

Saudi Arabia’s stock market rose on Sunday after Crown Prince Mohammed bin Salman reassured investors about the impact of a crackdown on corruption, while other Gulf bourses were sluggish. The Saudi index added 0.8 percent. Prince Mohammed said in a New

Adnoc considers further listings of subsidiaries
(The National - 27/11/2017)

The Abu Dhabi National Oil Company (Adnoc), the state-controlled oil and gas major which may generate as much as Dh7.4 billion from the public float of its distribution business this month, is already considering further listings of its business units,

Omans shares end higher on strong buying support
(Times of Oman - 27/11/2017)

Oman’s benchmark MSM30 Index closed with gains for the third consecutive session at 5,111.11 points, up by 0.16 per cent. The MSM Shariah Index ended at 724.54 points, marginally up by 0.19 per cent. Oman Fisheries was the most active in terms of volume

ADGM collaborates with Al Fardan
(WAM - 27/11/2017)

Abu Dhabi Global Market (ADGM) and Al Fardan Exchange, have entered into a co-operation partnership to develop and support the FinTech ecosystem in the UAE. The Memorandum of Understanding was signed recently by Richard Teng, Chief Executive Officer of

DFM introduces the GCM service
(The Gulf Today - 27/11/2017)

Dubai Financial Market (DFM) announced the launch of the General Clearing Member (GCM) service enabling approved local banks to provide brokerage firms with clearing and settlement service, following the completion of various technical and regulatory

Middle East financial market industry prepare to brace for change
(CPI Financial - 27/11/2017)

The UAE Financial Markets Association is challenging the region’s investment bankers, traders, treasury managers and finance professionals to brace for change amid the rise of populism in the West and the sharing economy grows. Mohammed Al Hashemi,

QSE sees MSCI keeping status quo on use of official riyal rate
(Gulf Times - 27/11/2017)

The Qatar Stock Exchange (QSE) has expressed the hope that the global index compiler MSCI will maintain status quo on the use of official foreign exchange rates for transactions rather than the offshore rates. “In view of the Qatar Central Bank’s (QCB)

QSE opens week on a stronger note amid buying support
(Gulf Times - 27/11/2017)

The Qatar Stock Exchange on Sunday opened the week on a stronger note with about 76% of its traded scrips extending gains to investors. Local retail investors and foreign funds were increasingly net buyers as the 20-stock Qatar Index gained 0.2% to

Boursa Kuwait and MEIRA host second investor relations workshop
(CPI Financial - 26/11/2017)

Building on the outcomes of the first workshop held in April 2017, Boursa Kuwait has hosted its second investor relations (IR) workshop catered to listed companies and brokerage firms in collaboration with the Middle East Investor Relations Association

ADNOC's distribution unit could raise as much as $2 billion in IPO
(Reuters - 26/11/2017)

Abu Dhabi National Oil Co’s (ADNOC) unit set an indicative price range for its initial public offering (IPO) that could raise as much as $2 billion to become the biggest listing in the United Arab Emirates (UAE) since 2007. ADNOC Distribution set an

Saudi bourse to open doors to smaller foreign funds
(Trade Arabia - 26/11/2017)

Saudi Arabia's securities regulator is planning to ease requirements for foreign institutional investors - with a minimum of SR1.875 billion ($500 million) assets under management - into the stock market, said a report. The Capital Market Authority (CMA)

Region rises as IPO plan boosts Egypt, Emaar Properties up in Dubai
(Reuters - 23/11/2017)

Almost all Middle East stock markets rose on Thursday as a plan for an initial public offering (IPO) boosted Egypt while blue-chip Emaar Properties continued to recover in Dubai. Ibn Sina Pharmaceutical Industry, one of Egypt’s largest drug distributors,

United Arab Emirates stocks higher at close of trade
(|nvesting.com - 23/11/2017)

United Arab Emirates stocks were higher after the close on Thursday, as gains in the Consumer Staples, Transport and Telecoms sectors led shares higher. At the close in Dubai, the DFM General gained 0.46%, while the ADX General index climbed 0.31%. The

Saudi to allow smaller foreign funds into stock market
(Reuters - 23/11/2017)

Saudi Arabia will ease requirements for foreign institutional investors in its stock market, the securities regulator said on Thursday, as Riyadh seeks to draw more capital into the market before the listing of state oil giant Saudi Aramco. The Capital

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