Saudi Arabia officials and executives of around 14 companies plan to embark on a marketing tour of Singapore and Hong Kong next month to attract Asian investors in the $430 billion stock exchange.
Source: Reuters, 16/03/2017
The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR).
Source: Trade Arabia, 22/02/2017
Moody’s says in a new report that a proposed merger between three Qatari banks — Masraf Al Rayan, Barwa Bank and International Bank of Qatar — if successfully completed, would create the largest Islamic bank and second largest bank in Qatar.
Source: Wealth Monitor, 22/02/2017
Egypt's central bank has agreed with Egyptian investors to settle credit lines opened before it floated the pound in November, alleviating debts that threatened the closure of some firms.
Source: Zawya, 21/02/2017
Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region has celebrated a ‘year of firsts’ as it reported a strong performance for 2016.
Source: Mondo Visione, 20/02/2017