News

Oil dominates Saudi GDP despite efforts to diversify

International investors who take advantage of Saudi Arabia opening its stock exchange to qualified foreign investment next year will find they are heavily exposed...

DIFC chief executive Jeff Singer resigns for personal reasons

The chief executive of the Dubai International Financial Centre (DIFC) has resigned for personal reasons after six years with the organisation. A spokesperson for the...

Saudi Arabia could “destabilise” frontier markets

Saudi Arabia could destabilise frontier market indices if it fails to qualify as an emerging market under MSCI rules. The opening of Saudi Arabia’s $580...

NBAD renames US operation amid rising bilateral trade

The National Bank of Abu Dhabi (NBAD) has renamed its United States subsidiary amid rising bilateral trade between the US and the UAE. The subsidiary...

Frontier markets accelerate their equity lead

Frontier market equities extended their lead over emerging and developed market indices in July, according to a leading index provider. The Russell Frontier Market index...

Saudi opening up could slow down IPO pipeline

Saudi Arabia's decision to open its stock market to direct foreign investment could slow down initial public offerings (IPOs) in the country by making...

Saudi Arabia could attract $35 billion when it opens

Saudi Arabia's plan to open its stock market to direct foreign investment in the first half of 2015 could increase foreign exposure to the...

Fund managers prepare for opening of Saudi stock market

Fund managers are preparing for Saudi Arabia to open its stock market, worth nearly $550 billion, to direct foreign institutional investment in the first...

Shuaa Capital swings to profit in first half

Dubai-based financial services firm Shuaa Capital made a profit of 14.4 million dirhams ($3.9 million) in the first half of the year, compared with...

Middle East oil goes East, but decline of US engagement “over stated”

The rise of domestic oil and gas production in the United States is causing a rebalancing of global energy supply networks, says new research. With...