Business Blog

Mideast Stocks - Factors to watch on November 15

Oil tumble hits Saudi, MSCI snub hurts Qatar
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UPDATE 1-UAE's NMC Healthcare seeks to raise $400 mln with debut sukuk

(Updates sukuk size in headline and text, adds details)DUBAI, Nov 14 (Reuters) - United Arab Emirates&apos healthcare provider NMC Healthcare NMC.L has set the size of its first international sukuk issue at $400 million, a document issued by one of the banks leading the deal showed.Earlier on Wednesday, the company was aiming to raise between $300 million and $350 million, a document from the same
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Finablr's UAE Exchange, Ripple to begin blockchain payments by Q1

UAE Exchange and U.S. startup Ripple plan to launch cross-border remittances to Asia via blockchain by the first quarter of 2019

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UPDATE 1-Goldilocks Investment buys 29.5 pct stake in Dubai-listed Takaful Emarat

(Adds detail, context) DUBAI, Dec 11 (Reuters) - Goldilocks Investment Co, an indirect subsidiary of Abu Dhabi Financial Group (ADFG), has acquired a 29.5 percent stake in Dubai-listed Takaful Emarat Insurance TKFE.DU , it said on Tuesday. It is the...

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ADFG's Goldilocks raises stake in Dubai-listed insurance firm Salama

Goldilocks raised its stake from 9.9% via a share finance facility

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BUZZ-Saudi's Alinma Bank jumps on higher dividend

** Shares in Saudi Arabia's Alinma Bank 1150.SE jump 4.1 pct to 21.70 riyals in early trade; market's most heavily traded stock ** Bank proposed annual cash dividend of 1.0 riyal per share, up from 0.8 riyal for 2017 ** Stock faces technical...

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