Business Blog

Saudi Riyad bank shares rally after it begins merger talks with NCB

A merger between NCB and Riyad Bank would further extend NCB's lead over its closest rivals

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Mideast Stocks: Factors to watch on December 24

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

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BUZZ-Shares in Saudi banks, main index fall on zakat deal, global sell-off

** Shares in some Saudi Arabian banks tumble after lenders reach settlement deal with government over payment of zakat. urn:newsml:reuters.com:*:nFWN1YP0RT ** Al Rajhi Bank 1120.SE falls 3.3 percent, Bank AlJazira 1020.SE slumps 4 percent and Bank...

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Changes to Dubai's DFSA collective investment funds regime come into force

The regulator said the Dubai Financial Centre had almost 70 funds registered within the financial free zone.

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Saudi's AHAB seeks creditor support for settlement under bankruptcy law

Creditors will vote in the first quarter of 2019 on whether they agree to AHAB's plan

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BRIEF-Egypt's Marseilia Updates On MoU With UAE's Amlak To Develop Urban Project

Dec 13 (Reuters) - MARSEILIA EGYPTIAN GULF REAL ESTATE INVESTMENT MAAL.CA : * UPDATES ON MOU WITH UAE'S AMLAK TO DEVELOP URBAN PROJECT * PROJECT IS EXPECTED TO GENERATE SALES OF EGP 10-12 BILLION * CURRENTLY STUDYING, REVIEWING PARTNERSHIP...

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