Saudi Arabia's main stock index tumbled in early trade on Sunday as worries about economic growth sparked sharp declines on global and regional markets, while Dubai plunged 6.7 per cent and Abu Dhabi slid 2.1 per cent.
Leading telecommunications operator Zain Bahrain has announced the results of subscription for its initial public offering (IPO) of shares.
In a notification published in the local media yesterday, the company said 16.7 million sh
Shares in Dubai's Emaar Malls Group (EMG) jumped in early trade on Thursday as the stock started trading on Dubai's main stock exchange and drained liquidity from the rest of the emirate's market.
EMG shares, which wer
Aluminium Bahrain (Alba) may look into an additional listing of its shares in Saudi Arabia, in what would be the latest blow to Bahrain's stock market which has suffered from low trading volumes since the financial crisis.
Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched.
Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on September 25 in the market's first flotation for five years, the company said on Saturday.
New share issues dried up in Du
Kuwait's Global Investment House (GIH) said it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt.
In an interview with Reuters, Global's chief executive Maha
Malaysia Airlines will be taken over by the country's state investment fund and de-listed, as part of plans announced yesterday (August 8) for a 'complete overhaul' to rescue the company from oblivion after two crippling air disaster
Brazilian tycoon Eike Batista will transfer 17.1 million shares, or 10.5 percent, of his iron ore mining company MMX Mineração e Metalicos SA to Abu Dhabi government investment fund Mubadala Development Corp, MMX said in a statemen
Zain Bahrain, the kingdom’s second licensed full service telecom operator, is set to offer 48 million shares equivalent to 15 per cent of issued share capital.
Bahrins’s first initial public offering (IPO) since 2010 will be