Saturday 20 September 2014
 
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Bahrain’s shrimp stocks drop due to illegal fishing

Fishermen in Bahrain have reported a "significant" drop in shrimp stocks in the last month because of illegal fishing. Fishermen's Protection Society president Jassim Al Jeran said the season so far has been abysmal,

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Saudi likely to impose 20pc foreign ownership limit

Overseas investors in the Saudi Arabian stock market will face restrictions including a 20 per cent ceiling on combined foreign ownership of any listed stock, a major Saudi newspaper reported on Tuesday. The Capital Market Authori

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Blue chips lift Saudi index to six-year peak

Blue-chip stocks lifted Saudi Arabia's bourse to a new six-and-a-half year peak on Sunday, while other Middle East markets were mixed as low volumes led to choppy trading and a lack of clear direction. The Saudi index rose 0.5

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Qatar raises foreign ownership limit for stocks

Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the stock market and develop the financial industry. "The law stipulates that non

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Qatar raises foreign ownership limit for stocks

Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the stock market and develop the financial industry. "The law stipulates that non

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Damac looks to list shares on Dubai bourse

Dubai luxury property developer Damac is offering investors the option of converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that would be listed on Dubai's main stock market. I

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Damac looks to list shares on Dubai bourse

Dubai luxury property developer Damac is offering investors the option of converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that would be listed on Dubai's main stock market. I

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Twitter's surge revives valuation debate

The surge in Twitter's stock has revived debate about whether it warrants a valuation five times that of Facebook, its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 m

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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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Arabtec tumbles 10pc after Aabar statement

Shares in Dubai builder Arabtec plunged in early trade on Sunday after Aabar Investments, one of its major shareholders, did not confirm a report which said Aabar was in talks to increase its stake. Arabtec tumbled its daily 10 pe

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