Leading News Source For Middle East
Oman will stage its first Initial Public Offering (IPO) in three years with Barka Desalination Company (BDC), owner of Oman’s largest operating water desalination plant Barka IWP getting ready to sell 40 per cent of its shares. The 40 per Read more
Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange, reports say. The initial public offering, (IPO), the Jeddah-based bank has Read more
Saudi Arabia’s bourse Tadawul said that it could go public within two years and that it would unveil timeline for an Initial Public Offering (IPO) this year. A timeline for an initial public offering (IPO) will be provided this Read more
Saudi Arabia will embark on a broad reform plan meant to diversify the country’s economy beyond dependence on oil exports, state media reported on Monday. The plan, known as Saudi Arabia’s Vision 2030, was approved Monday by the Saudi cabinet. Read more
Saudi Arabia is stepping up efforts to shift its economy’s reliance away from oil with investments from the Public Investment Fund (PIF) expected to control more than $2 trillion. The announcement was made by Deputy Crown Prince and Defense Minister, Read more
After Sheikh Abdullah Al Mutlaq, a member of the Council of Senior Scholars, said on state television that “Religion comes above everything,” pressure has been mounting on conventional banks in Saudi Arabia to abide to Islamic teachings of banking. Such Read more
With the year almost coming to an end, the Chairman and CEO of Istanbul Stock Exchange, Ibrahim Turhan, revealed that up to 18 additional initial public offerings (IPOs) could be on their way. This number could be tripled because according Read more
IFC, a global development institution, member of the World Bank Group, has helped arrange a $125 million financing package for Wataniya Mobile Palestine to aid in making mobile services more accessible and affordable in the West Bank and Gaza. IFC Read more
Algerian financial authorities and decision-makers are pondering increase of the number of initial public offerings (IPOs) on stock exchange. According to Oxford business Group, such a move, which aims at boosting equity capital market, would likely boost economic growth in Read more