Saturday 26 July 2014
 
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Saudi to open stock market to foreign firms

Saudi Arabia's cabinet has given permission to the country's financial regulator, the Capital Market Authority (CMA), to open the stock market to direct investment by foreign financial institutions, the cabinet said in a statement on Tue

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Mashreq to offer foreigners upto 20pc shares

Dubai's Mashreq will allow foreigners to own up to 20 per cent of the bank's shares, it said in a bourse statement on Wednesday. Foreign investors currently own only 1.9 per cent of the bank's shares, data from the Dub

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Saudi says no fresh move on bourse opening

Saudi Arabian officials are still discussing the opening of the stock market to direct foreign investment and no timetable has been set, the chief market regulator said.   "We are still discussing the issue.

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Travel firms cancel Egypt holidays over violence

Violence sweeping Egypt has hit its tourism - a vital part of the economy - as governments warn holidaymakers to stay away, prompting some foreign travel agents to stop all trips there. The latest unrest looks likely to kill off a

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Sri Lanka bans land sales to foreigners

  Sri Lanka has decided to ban land sales to foreigners after finding that some offshore investors did not use land and property purchases to benefit the nation's economy, the government spokesman said on Thursday.

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UAE bankruptcy law draft delayed to end-2013

A draft of changes to UAE bankruptcy law aimed at simplifying the process and letting failing companies restructure is taking longer than expected and may not be ready until the end of 2013. The draft, which has been in the works

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Saudi stock market opening to be 'gradual'

Saudi Arabia's long-awaited opening of its stock market to foreigners will be 'gradual', the country's capital market regulator said on Tuesday.      'It is still within our strategy, but it sh

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Bahrain’s expats ‘unhappy’ over new visa rules

Bahrain's expatriates have expressed frustration over new visa rules which have caused a crackdown on foreign visitors, leading to many being detained for several hours before being either allowed into the country or sent home on return flights.

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Saudi cenbank to supervise foreign share listing

Saudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners. The country's Capital Market Author

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Saudi bourse to open to foreigners soon

Saudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank's head of Mena equities said, a move which would allow international capital to own shares outright on the Middle East's largest bourse for the first time.

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