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Sunday 12th, October 2008 -- 00:44 GMT
 Financial Markets
 
Arab stock markets crash - Egypt bourse down by over 16%
 Stock markets across the Arab world posted huge losses Tuesday, with Egypt's benchmark index hitting a two-year  ...
Kuwait market registered a monthly decline of 10.25% in September-2008
 Taking cues from international and regional markets, Kuwait market reported a decline of 10.25% in September-2008 as “Global” General Index ended the month at 331.59 points.  ...
Credit crunch a ‘golden opportunity’
 Increasing role seen for Islamic finance as industry’s premier international forum meets for first since global market  ...
Unicorn acquires Bahrain Financing Company
 Unicorn Investment Bank B.S.C. (c) (Unicorn) announces that it has reached agreement with the shareholders of Bahrain Financing Company (BFC), the oldest and one of the leading foreign exchange and remittance houses in the GCC, to acquire the  ...
Bank Et-Tamweel Al-Tunisi Al-Saudi raises net operating income by 37% in the first half of 2008
 Bank Et-Tamweel Al-Tunisi Al-Saudi (BEST BANK), a subsidiary banking unit of Albaraka Banking Group B.S.C. (ABG), announced that it achieved a significant improvement in its results for the first half of 2008 as net operating income increased by  ...
EFG-Hermes offers foreign investors access to Saudi market
 Leading regional investment bank launches its Abwab product  ...
M’Sharie private placement oversubscribed by 100%
 Dubai Investments raises AED 400 million by divesting 40% stake in its private equity arm to GCC investors in bid to accelerate regional  ...
Qatari businessman acquires 5% stake in Iceland's Kaupthing Bank
 Q Iceland Finance ehf., a wholly owned subsidiary of Q Iceland Holding ehf., a company owned by Sheikh Mohammed Bin Khalifa Al-Thani, has acquired a 5.01% stake in Kaupthing Bank hf.  ...
AA+ rating by S&P to BNP Paribas for SAR 1billion floating rate notes
 BNP Paribas announced that Standard & Poor’s has assigned an AA+ rating for SAR 1 billion 5 year-floating rate notes issued by its Riyadh  ...
AUB secures US$ 800 million syndicated loan facility
 Ahli United Bank has announced that it has secured a US$ 800 million Syndicated Loan Facility.  ...
Egyptian Saudi Finance Bank increases its net operating income by 58% in the first half of 2008
 The Egyptian Saudi Finance Bank, a subsidiary banking unit of Albaraka Banking Group B.S.C. (ABG), announced that it achieved excellent financial results with a substantial increase in its operating assets for the first half of 2008. Finance and  ...
GGICO Brokerage joins German Group
 Gulf General Investment Co. PSC (GGICO), a Dubai based conglomerate, has announced the merger of their brokerage arm, M/s. Stock Securities L.L.C, with German Group, Baader Bank. The new merged company will be known as Gulf Baader Capital Market  ...
Daman Investments announces establishment of Buildan Development Limited
 US$ 180m company is purpose built for projects in Al Maktoum International Airport Jebel  ...
   
 
Moody's assigns Aa2 rating to  ...
Lehman Brothers effect: Gulf stock  ...
Emaar Properties announces share  ...
Rasmala - Regional investors suffer due  ...
Merrill Lynch lists new certificates on  ...
Qatar Central Bank grants license to  ...
MENA Opportunities Fund managed by  ...
Fujairah raises AED900 million to  ...
Bahrain stock exchange in negative mood  ...
Banks dominate GB GCC top 150  ...
BankMuscat to issue Certificate of  ...
New Alliance announces three visionary  ...
Global’s Private Equity Team Acquires  ...
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