Telecom operator Zain Bahrain and a firm involved in running petrol stations are among the firms preparing for an initial public offer (IPO) of shares on Bahrain's stock exchange this year, a top bourse official said.
IPOs have been rare in Bahrain in recent years.
Serbia has signed an agreement for a $1 billion loan from Abu Dhabi, the emirate's Department of Finance said on Thursday, boosting the Balkan country's drive to find investors from outside the euro zone.
Serbian Finance Minister Lazar Krstic had said on Wednesday that th
Amr Al-Jallal, described as a key member of Banque Saudi Fransi's equity capital markets operation, has left the bank to join Saudi Arabian investment firm Jadwa, the head of Fransi's investment bank confirmed.
Jallal, who was senior vice-president of investment banking a
The Dubai Multi Commodities Centre (DMCC) aims increase both the volume and size of transactions on its sharia-compliant commodity trading platform by partnering with a global brokerage.
This week, the DMCC partnered with global brokerage firm BGC Partners, an affiliate of New Yo
Units of the Islamic Development Bank , a multilateral lender, and sovereign wealth fund Kuwait Investment Authority (KIA) have signed an agreement to invest jointly in Morocco's private sector.
The partnership between the Jeddah-based Islamic Corporation for the Development
Abu Dhabi's First Gulf Bank, the third-largest bank by assets in the UAE, will raise 3.5 billion ringgit ($1.07 billion) with Islamic bonds in Malaysia, according to a statement on Thursday by credit rating agency RAM Ratings.
The Islamic bond, or sukuk, program will be issue
The Dubai Gold and Commodities Exchange (DGCX) has approved the UOB Bullion and Futures (UOBBF), a wholly-owned subsidiary of Singapore’s United Overseas Bank (UOB), as a clearing member of the exchange.
UOBBF is a fully-licensed futures broker, providing trading access for
More investment in infrastructure, education and healthcare is essential for the region's sustainable economic growth, a thought leader has said.
PineBridge Investments chairman Mervyn Davies said this was key to development of human capital and meet the aspirations of youngs
Bahrain Kuwait Insurance Company (BKIC) shareholders have been awarded cash dividend of 30 per cent based on the company's financial results for last year, a report said.
The dividend of 30 fils per share amounts to BD2.14 million ($5.65 million). This was announced during th
Standard Chartered bank yesterday (March 5) said its net profit fell more than 16 per cent last year and warned of a difficult first half for this year following significant challenges for its South Korean operations.
The London-based lender, which makes 90 per cent of its profit