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FREG turns up the heat on grey transactions
December 23, 2014 - 07:31 GMT
UAE’s Foreign Exchange and Remittance Group (FERG) has turned up the heat on money laundering and frauds at its recent anti money laundering (AML) and combating terrorist financing (CTF) conference in Dubai.

May 16, 2013

"The recovery in the economy is solid, the expectation is around 4 per cent"
10:16 GMT

Dubai’s benchmark index continued yesterday from where it ended on Tuesday, as stocks maintained their upward trend to set new highs since October 2009.

A total of 2,940 trades were executed
04:40 GMT

Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.

May 14, 2013

Dubai Financial Market
03:17 GMT

The UAE markets rose in tandem on Monday, with Dubai Financial Market gaining 0.50 per cent and Abu Dhabi Securities Exchange 0.43 per cent.

May 13, 2013

Qatar’s Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani
13:19 GMT

The Central Bank of Egypt (CBE) received a $3bn Qatari deposit for the purchase of Egyptian bonds on Thursday, confirmed Nidal Assar, the sub-governor of the CBE.

RAK Petroleum plant
11:53 GMT

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.

Tadawul FX offices
10:32 GMT

The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,195.17 points

Muscat Securities Market
06:06 GMT

Strength in global equity markets supported regional sentiment as most GCC stock markets ended Sunday in positive territory. The Muscat Securities Market general index inched up 0.20 per cent to close at 6,264.68.

May 9, 2013

Abdullah Al-Suweilmy with Richard Banks, director, emerging markets of Euromoney, in Riyadh. (AN photo by Ahmed Fathy)
05:30 GMT

The Saudi stock market could possibly take the lead in any moves for integration of regional exchanges, say industry analysts.

May 8, 2013

Direct foreign ownership in Saudi equities would be the next evolutionary step
14:43 GMT

The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though the market has no need for liquidity from international investors, says its Chairman Mohammed bin Abdulmalik Al-Sheikh.

Transgulf Investment makes OMR 2.334 profit in Q3
04:30 GMT

Omani investors lifted trading on the Muscat Securities Market as they net bought 7.7 per cent of the total value and the general index closed flat at 6,191.47.

May 7, 2013

A vessel transporting Iranian oil
14:08 GMT

A€“ Croatian oil and gas company, INA, has withdrawn from a project for developing an oil block in Iran.

April 25, 2013

Vodafone Egypt is reportedly struggling with imports due to a lack of foreign currency
08:51 GMT

Vodafone Egypt is currently facing a challenge in obtaining foreign currency in Egypt to purchase network equipment, Vodafone’s Local Chief Executive Hatem Dowidar reported to the media.

April 24, 2013

Egypt's pound hit a record low against the dollar on Tuesday
09:44 GMT

The Egyptian pound, under severe pressure for months, hit a new against the dollar on Tuesday.

April 16, 2013

Syria’s central bank set the exchange rate of the pound at $95.30 on Monday
13:38 GMT

Syria’s central bank set the exchange rate of the pound at $95.30 Monday, in a move aimed at propping up the country’s currency after it lost nearly half its value since the start of the ongoing conflict in 2011.

April 15, 2013

Egypt's Central Bank auctioned of $600 million to cover key imports yesterday
08:35 GMT

The Central Bank of Egypt (CBE) held an exceptional foreign exchange auction of $600 million on Sunday.