The DFM will review a list of approved securities for short selling every six months
The two central banks have in the past expressed scepticism about digital currencies
The IPO is the first on the ADX in six years and the largest in Abu Dhabi for a decade
The upgrade will enable market members to provide new categories of securities and services to investors
The energy producer has been prevented from participating in the $700m sukuk by a British court
The one and two riyal coins will replace paper currency
As a first step the group has invested in a 111 MW natural gas-fired power plant in Chihuahua
Net profit rose 0.3 per cent to $2.8bn
The Saudi stock index climbed 0.3 per cent in the first half-hour of Wednesday to 6,985 points
The funding was provided by a group of seven institutions including First Abu Dhabi Bank
Switzerland’s second biggest bank is two years into a restructuring, concentrating more on wealth management
The money will go towards the manufacture of prototypes of next-generation micro-robotic medical devices
The sukuk transaction could range between $350m and $425m in size
The IPO would be the UAE’s biggest since DP World raised nearly $5bn in 2007
The oil explorer and power supplier is said to be seeking loan facilities of up to $1.3bn
CEO Badr Jafar said half of the start-up fund would be used across the MENA region
JPMorgan is advising Bank of Sharjah on the potential deal
It was the first major equity listing in Dubai since late 2014
Other local banks have already taken steps to cut their exposure to the SME sector
The branch will continue to conduct normal activities, Qatar Insurance said in a bourse statement
BSF did not elaborate on the reasons for the exit of Couvegnes
Dubai is among the regional cities looking to become the Middle East’s fintech hub
The deal has been signed with French state-backed investment vehicles CDC International Capital and Bpifrance
Banks have not been asked to freeze the accounts
The lender has opened its first Indian branch in the city of Mumbai
The proceeds will be used by Tristar to expand its business
JPMorgan is among the banks advising Aramco on an international public offering
Nasser bin Aqeel al-Tayyar was reportedly detained in Saudi’s corruption probe
Prince Alwaleed has been detained as part of an anti-corruption crackdown
Proceeds raised from the four IPOs amounted to $140m, down 18 per cent from Q2 2017