2005
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NBAD now open to foreigners
Foreigners will be able to trade in National Bank of Abu Dhabi shares from 29 December following... Read full article »
UAE leads in IPOs
UAE companies led the region in IPO activity in 2005, raising nearly $1.9bn out of a total of $7.... Read full article »
EFS to open at DIFC
Emirates Financial Services has applied for a licence to operate an office from the Dubai... Read full article »
Central Bank says no market crash
The UAE Central Bank Governor Sultan bin Nasser Al Suwaidi says UAE shares are undergoing a... Read full article »
Egypt, Turkey free trade agreement
Egypt and Turkey are due to sign an agreement today (Tuesday) that will establish a free trade... Read full article »
Bahrain $5.3bn holding company
The Bahrain government is setting up Bahrain Holding Company to manage its interests in various... Read full article »
Dubai controls money laundering
Billions of dollars generated by organised crime are laundered annually through Dubai, according... Read full article »
UAE stocks recover further
UAE shares made gains on Tuesday as the Dubai Financial Market index jumped 1.77% to close at... Read full article »
Gulf Navigation, $185m finance
Gulf Navigation has concluded a $185m ship financing agreement with Fortis Bank of Belgium as... Read full article »
Omani banks must raise capital
Oman's central bank has raised the minimum required capital of Omani banks to $129.9m from $52m,... Read full article »
Al Diyafa to raise $253m capital
Kipco Asset Management is raising $253m capital in Al Diyafa Holding through a private placement... Read full article »
UAE economy grows 12%
The UAE's gross domestic product grew by 12% to $115.5bn in 2005, according to government... Read full article »
MTC repays $2.4bn loan
Kuwait-based Mobile Telecommunications Company has repaid early a $2.4bn bridge facility it... Read full article »
PWC, $2.85bn petro deal
Kuwait-based PWC Logistics has won a $2.85bn logistics contract from the Equate-2 petrochemicals... Read full article »
Saudi fund sends $2.56bn offshore
A Saudi pension fund plans to invest an estimated $2.56bn in premium bonds and stocks abroad,... Read full article »
