Business Blog

Saudi-based IDB targets 10% stake in Borsa Istanbul

IDB expects to finalise negotiations with Borsa Istanbul in two to three months

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Albaraka Turk secures $213mln Islamic loan

The bank said the profit margin for the 370-day sharia-compliant facility was 125 basis points over three-month LIBOR.

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Kuwait weighed down by ex-dividend shares, region quiet

Dubai's index was down 0.2 percent in thin trade with the majority of trade focused on second the third tier stocks

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Mideast Stocks - Factors to watch today

Here are some factors that may affect Middle East stock markets on Sunday

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Dubai's Drake & Scull breaches covenants on sukuk, other bank facilities

Drake & Scull was not able to comply with reporting requirements requested by its lenders for a conditional waiver valid until the end of 2016

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Malaysia's Maybank Islamic looks to home markets to drive growth

The bank could grow beyond its core markets of Malaysia, Singapore and Indonesia, but expansion in other markets would be opportunistic -CEO

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