Main headlines

June 20, 2013

The total lPO was valued at SR 5.3 billion in 2012 and SR 1.7 billion in 2011
06:00 GMT

The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.

The price of oil was down slightly yesterday.
06:00 GMT

Kuwait's acting oil minister said yesterday current oil prices were "fair" and that the Gulf Arab state was producing around 3 million barrels of crude per day.

June 19, 2013

Only Saudi citizens are allowed to subscribe for IPOs
11:46 GMT

The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.

The UAE ranked second and its inflow rose 25 per cent to $9.6 billion
11:29 GMT

Foreign direct investment, or FDI, into Arab world rose by nearly 10 per cent in 2012 led by Saudi Arabia and the UAE, according to a latest report.

Masdar's Seychelles Wind Farm
11:24 GMT

The Abu Dhabi Future Energy Company or Masdar in association with the Abu Dhabi Fund for Development (ADFD) has launched a six-megawatt, eight-turbine wind farm in the Republic of Seychelles.

Central Bank of Qatar
11:14 GMT

Qatar Exchange has announced the introduction of government bonds issued by the Qatar Central Bank for trading on the exchange, which will commence on 20 June 2013.

Dubai Airport
06:00 GMT

The organisers of the inaugural Dubai Airports 9-Ball Billiards Championships are hoping to discover some fresh talent to lend depth to the national squad.

Dubai and Abu Dhabi bourses trade cautiously
06:00 GMT

UAE shares traded cautiously on Tuesday and booked some profits, especially Dubai, as traders await greater clarity on US monetary policy.

June 18, 2013

Central Bank of Bahrain
13:57 GMT

The Central Bank of Bahrain (CBB) announced that this week's BHD 35 million issue of Government Treasury Bills has been oversubscribed by 123 per cent.

Deloitte's Headquarters
13:52 GMT

New Deloitte report examines emerging regulatory and practice challenges faced by the Takaful industry

Turkish bourse
13:45 GMT

Turkey has seen $1.35 billion of capital outflows from its equity markets since May 26 due partly to global market conditions and two weeks of domestic political unrest, Deputy Prime Minister Ali Babacan said on Tuesday.

13:06 GMT

Investcorp Gulf Opportunity Fund has agreed to acquire a 38 per cent stake in Al Yusr Industrial Contracting Company WLL (AYTB).

Purchase would be subject to a due diligence process and regulatory approvals
11:27 GMT

Etihad Airways said on Monday it had signed an initial agreement with the Serbian government over a possible equity investment in the country's loss-making JAT Airways.

Arab Monetary Fund
11:26 GMT

The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday.

The ratings agency also downgraded the three leadings banks in the country
06:19 GMT

Lebanon’s public debt swelled by nearly $5 billion during the term of former premier Najib Mikati’s Cabinet, the secretary-general of the Association of Banks in Lebanon said.