Wednesday 6 May 2015
 
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Milaha sees ‘challenges’ as Q1 profit edges up

Qatar Navigation (Milaha) warned of a challenging 2015 as conditions in its offshore business remained weak and its investment business was exposed to instability in local equity markets. The shipping firm made the forecast on Mon

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Foreigners queue for opening of $500bn Saudi bourse

As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia'

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Saudi to open stock market to foreigners on June 15

Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares from that date, the Capital Market Authority said on Thursday. Final rules coverin

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Kuwait may offer stock market stake to foreign operator

The Kuwait Stock Exchange may offer up to 44 per cent of its shares to a company that has experience in operating bourses when it goes public, a senior government official told Reuters on Thursday. Such a move, which still require

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Arqaam picks Rothschild as adviser for Dubai float

Dubai-based financial services firm Arqaam Capital has chosen Rothschild to advise it on its planned stock market flotation in the emirate later this year, sources aware of the matter told Reuters on Thursday. The appointment come

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Funds turning positive on Saudi as oil stabilises

Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows. Many fund managers became bearish on Saudi Ar

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Gold falls further as dollar, equities strenghten

Gold added to overnight losses on Thursday as strength in the dollar and equities plus robust US economic data reduced the metal's appeal as a hedge, triggering further outflows from the top bullion-backed fund. Spot gold ease

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Gold climbs to 3-week high as investors seek safety

Gold hit a three-week high on Tuesday as sliding oil prices knocked stock markets and concerns simmered over Greece's future in the euro zone, prompting investors to seek out bullion as a safe store of value. European shares r

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UAE cenbank to study margin lending in stock market

The United Arab Emirates central bank discussed margin lending at a board meeting this week and ordered that all aspects of the issue be studied, the central bank said on Wednesday. In a brief statement describing discussions at t

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Saudi CMA suspends Deloitte from auditing listed firms

Saudi Arabia's market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for listed firms in the kingdom from June 1, 2015, according to a circular seen by Reuters. The No

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