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Strong interest as UAE oil giant lists retail arm
(Arab News - 14/12/2017)

Investor interest was strong Wednesday as Abu Dhabi’s state energy company listed a stake in its retail distribution arm, the first time the emirate has sold shares in one of its oil firms. The Abu Dhabi National Oil Company said it had raised $845

Muscat bourse recovers on better support
(Times of Oman - 14/12/2017)

Boosted by strength in financials, the MSM30 Index closed at 5,066.49 points, up by 0.32 per cent. The MSM Sharia Index declined by 0.21 per cent to close at 707.62 points. Al Izz Bank was the most active in terms of volume while Bank Muscat led in terms

Emaar tumbles after dividend news, but other stocks unimpacted
(Gulfnews - 14/12/2017)

Emaar Properties, which gave a lower than expected special dividend, tumbled more than 6 per cent on Wednesday, weighing on the Dubai index. But that did not impact the other stocks, which traded mixed, indicating a positive sentiment. Emaar Properties

Adnoc Distribution lists shares on ADX
(The Gulf Today - 14/12/2017)

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution), successfully listed its shares on the Abu Dhabi Securities Exchange (ADX), on Wednesday following a bell ringing ceremony led by Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State

AlJazira Mawten REIT announces the approval of Board to reduce rents
(Tadawul - 13/12/2017)

Referring to the demand of existing tenants to reduce the rent and due to the current changes in the real estate market and based on the study and recommendations of the Director of Real Estate (Mawten Real Estate Co.) and recommend the reduction of

Adnoc Distribution shares surge on ADX debut
(The National - 13/12/2017)

Adnoc Distribution shares began trading on the Abu Dhabi stock exchange (ADX), the bourse's first new stock listing for six years. The shares, which debuted at Dh2.5, surged by 16 per cent in the opening minutes of trading, and were up around 10 per cent

Oman shares recover on better support from lower levels
(Times of Oman - 13/12/2017)

Shares on the Muscat Securities Market (MSM) recovered on better support at lower levels. The benchmark MSM30 Index ended on a positive note at 5,050.54 points, up 0.19 per cent. The MSM Sharia Index declined 0.06 per cent to close at 709.08 points.

Broad-based buying witnessed in UAE bourses
(Gulfnews - 13/12/2017)

Broad-based buying was witnessed on Dubai bourse as the index witnessed a reversal from its key support zone. Dubai Islamic Bank provided the support to the index in absence of trading in Emaar Properties, whose board meeting on Tuesday approved the

UAE stock markets gain Dhs14.6 billion
(The Gulf Today - 13/12/2017)

Upbeat sentiments continued for the third day running on UAE’s two main bourses, with trading companies gaining around Dhs7 billion on Tuesday, bringing to Dhs14.6 billion the total profits over three successive sessions. The Abu Dhabi Securities

Oman trades lower as Fitch cuts
(Reuters - 12/12/2017)

Oman's bonds have dropped after a downgrade from Fitch on Monday night that has taken the sovereign close to high-yield territory. Oman's 2027s are off around 0.33pt at 101.189, according to Tradeweb, and its 2047s are down 0.25pt at 99.581, after Fitch

Oil prices help Gulf rise, Saudi petchems strong
(Reuters - 12/12/2017)

Middle East stock markets mostly rose on Tuesday after the shutdown of a North Sea pipeline pushed Brent oil above $65 a barrel for the first time since mid-2015. The Saudi stock index gained 0.3 percent, with petrochemical companies, whose profit

Nasdaq Dubai to launch Adnoc Distribution, Emaar Malls futures
(Gulf News - 12/12/2017)

Nasdaq Dubai said it will launch futures contracts for Abu Dhabi National Oil Company (Adnoc) for Distribution and Emaar Malls. The move will enable investors to take positions on movements in the share prices of the two companies in coming months. Adnoc

Oman shares decline on weak sentiments
(Times of Oman - 12/12/2017)

Weakness in financial sector weighed on the MSM30 Index, which closed at 5,041.06 points, down 0.43 per cent. The MSM Sharia Index closed at 709.51 points, down 0.12 per cent. National Life was the most active in terms of volume as well as turnover.

Saudi Arabia drives IPO market in the Mena region
(Times of Oman - 12/12/2017)

The Middle East and North Africa (Mena) region witnessed five initial public offerings (IPOs) deals in the third quarter of 2017, representing a 400 per cent increase when compared to the single IPO recorded in the same period of 2016. Announced Mena

Record Dubai budget fails to impress local stock market traders
(Gulfnews - 12/12/2017)

Dubai index traded marginally higher on Monday, as traders failed to price in the record budget, which was focused on Expo 2020. The Dubai Financial Market General Index witnessed unimpressive performance by closing 0.55 per cent higher at 3,414.05, a

Bahrain issues ETF regulations
(News of Bahrain - 11/12/2017)

The Central Bank of Bahrain (CBB) has released directives for both offshore and locally domiciled Exchange-Traded Funds (ETFs), as part of the its commitment to further enhance the Collective Investment Undertakings (“CIUs”) in the Kingdom of Bahrain

Saudi Arabia leads region's IPO drive
(Arabian Business - 11/12/2017)

Economies picking up the pace, particularly in Saudi Arabia, are helping initial public offerings (IPO) come online, according to the latest sector report from Ernst and Young (EY). The third quarter of the year yielded five IPOs, an increase of four

Wary Saudis Need Better News on Economy to Snap Stock-Sale Habit
(Bloomberg - 11/12/2017)

Saudi authorities are changing market regulations to attract foreign investors to the country’s stock market. Those changes haven’t enticed local individuals to buy shares. Net sales of Saudi stocks by retail, high-net-worth and individual professional

Saudi Arabia drives MENA IPO activity in Q3 2017: EY
(Saudi Gazette - 11/12/2017)

The Middle East and North Africa (MENA) region witnessed five IPO deals in the third quarter of 2017, representing a 400% increase when compared to the single IPO recorded in Q3 2016. Announced MENA value, or capital raised, reached $236.7 million in Q3

Saudi and Egypt lead Mideast market rally
(Arab News - 11/12/2017)

Major Gulf stock markets rose on Sunday in line with strength in global bourses at the end of last week, with Saudi Arabia and Egypt leading. The Saudi index rose 0.8 percent to 7,145, bouncing for a second straight day from technical support around

Bahrain Bourse expects more IPOs, Reits listing in 2018
(The National - 11/12/2017)

Bahrain Bourse, which had a market capitalisation of 7.4 billion dinars ($19.7 billion) as of December 10, expects two initial public offerings next year and more listings of real estate investment trust (Reits), its chief executive said. “The bourse has

Shares edge down on Muscat bourse
(Times of Oman - 11/12/2017)

Shares on the Muscat bourse edged down with the MSM30 Index closing the session at 5,062.61 points, down by 0.07 per cent. The MSM Sharia Index ended at 710.34 points, down by 0.37 per cent. Phoenix Power was the most active in terms of volume as well as

GCC’s higher funding needs to boost sukuk issuance from the region
(Gulfnews - 11/12/2017)

Gulf Cooperation Council (GCC) countries’ higher borrowing needs are expected drive higher sukuk issuance in the near term from the region according to rating agency Moody’s. “Large borrowing needs will continue to fuel sukuk issuance across the GCC. The

UAE equity indices little changed after Adnoc IPO rush
(Gulfnews - 11/12/2017)

The UAE’s equity markets were little changed on Sunday just a few days ahead of the highly-anticipated initial public offering (IPO) of Adnoc Distribution, whose shares will start trading in Abu Dhabi on December 13. The Dubai Financial Market (DFM)

Mena IPO value up 20pc to $236m in Q3
(Trade Arabia - 11/12/2017)

The value capital raised via initial public offerings (IPOs) in the Mena region reached $236.7 million in the third quarter (Q3) 2017, a 20 per cent increase on Q3 2016, according to professional services firm EY. The region witnessed five IPO deals in

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