Dubai stock market touches eight-month high

The Dubai index was boosted by Emaar, which saw strong gains following its China deal

Dubai regulator says Abraaj probe focused on senior management

Dubai’s DFSA has been investigating Abraaj Capital over a range of matters

Saudi Aramco to hold first investor call in August ahead of planned IPO

Aramco plans what would be the world’s biggest stock market listing in 2020 or 2021

Abu Dhabi shares surge on FAB’s strong earnings

First Abu Dhabi Bank reported a 5 per cent increase in net profit for the second quarter

UAE’s largest lender First Abu Dhabi Bank posts 5% rise in Q2 profit

The lender said it expects mid-single digit profit growth and high-single digit growth in loans for 2019

Dubai lender Emirates NBD allowed to open 20 more branches in Saudi

Currently the bank has four branches in Saudi – two in Riyadh, one in Jeddah and one in Khobar

Dubai’s Emirates NBD’s Q2 profit surges on asset sale, forex gains

Second-quarter net profit jumped 80 per cent to Dhs4.74bn

Oman’s National Gas Company terminates CEO

Omani plastics packaging manufacturer OCTAL secures $625m in loans

OCTAL will use part of the bank financing to refinance some of its existing debt and to fund expansion

PE firm Actis takes on management of two Abraaj funds

The transaction includes investments in 14 portfolio companies across the two funds

Emirates Strategic Investments, owned by Sheikh Mansour, plans debut dollar sukuk

The company has a portfolio of assets across different sectors in the UAE

Abu Dhabi financial centre ADGM issues regulations for robo-advisers

Robo-advisors provide investment management services using algorithm-based tools and technology

Abu Dhabi sovereign fund ADIA to boost active investments in fixed-income

ADIA has been reducing its reliance on external fund managers and boosting in-house investment capabilities

Saudi’s Ataa Educational to raise SAR348m in IPO

Riyadh has been encouraging more family-owned companies to list on the domestic stock market

Dubai’s DIFC introduces new licence categories with reduced fees

Four new categories have been announced, primarily targeting non-finance firms

Most GCC stock markets bounce back from early losses

Kuwait rose for the eighth straight session following MSCI’s decision to include the country in its main emerging markets index

Dubai’s DP World hires Citi, StanChart for new 10-year Islamic bond

A series of investor meetings are set to be held in Hong Kong, Singapore and London

Global stock slide pulls down most GCC markets

The Kuwait bourse fell back after seven straight gains

UAE sets maximum daily cash limit for tourist VAT refund

Cash refunds have been capped at Dhs7,000 per tourist per day

China and GCC expansion to boost Trade Bank of Iraq’s revenues

The bank is upgrading its licence in Abu Dhabi to an asset management company from a representative office

Saudi Arabia to raise 3 billion with debut euro debt sale

The Saudis have sold nearly $60bn in international bonds since their debut as a global borrower in late 2016

Saudi Arabia starts marketing its debut euro debt sale

The kingdom started marketing early on Tuesday an eight-year bond trance and a 20-year tranche

Saudi Arabia widens funding base with dual-tranche debut euro bond

The kingdom is looking to diversify its investor base

Abu Dhabi Securities Exchange cuts trading commission by up to 90%

The measure comes amid Abu Dhabi’s wider plans to lower costs and reduce barriers for doing business

Former Abraaj executive pleads guilty to US charges

Former managing partner Mustafa Abdel-Wadood was arrested in New York in April and released on bail

Sharjah Islamic Bank raises $500m from AT1 Sukuk

The Sukuk was oversubscribed by 10 times, receiving orders of $4.8bn

Abu Dhabi Financial Group and Shuaa Capital agree on merger

The combined entity will remain listed on the Dubai stock exchange

Kuwaiti equities to be in main MSCI emerging markets index from 2020

The Kuwaiti market has outperformed markets in the Middle East this year in anticipation of the MSCI move

Abu Dhabi’s ADSS CEO to leave brokerage

Philippe Ghanem will be leaving the firm shortly to pursue new opportunities

Saudi’s stock market falls for a fourth day on geopolitical concerns

Saudi’s index fell 0.8 per cent with nearly all its banks slipping

UAE central bank focuses on real estate in anti-money laundering efforts

The bank will use a new anti-money laundering reporting platform starting from the end of June to identify illicit transactions