DUBAI: UAE-based Amanat Holdings, a health care and education start-up, will launch its AED1.375 billion ($374 million) initial public offer next Monday, it said in a statement.
The Saudi stock market continued its downward fall and recorded huge losses (-274 points) on Wednesday.
Property prices are poised to go down in a range of 30 to 40 percent next year (2015), two prominent property experts were quoted as saying in local media reports.
Saudi money supply growth touched a 13-month high recently, prompting the Saudi Arabian Monetary Agency to step up the issuance of SAMA bills, in order to absorb some of the liquidity in the banking s
DUBAI: Most stock markets in the Middle East continued to decline as global equities remained under pressure and disappointing quarterly earnings and forecasts weighed on bourses in Oman and Kuwait.
LONDON: Oil prices reached new multi-year low points on Wednesday owing to a supply glut and weak global demand, before clawing back some ground as poor US retail data pressured the dollar.
MUMBAI/LONDON: India’s Tata Steel Ltd.
SAN FRANCISCO: Apple Inc. and Facebook Inc. will help pay for female employees to freeze their eggs, signaling a willingness to spend on perks and benefits in a race to acquire top-flight talent.
JEDDAH: Al-Rajhi Bank, Saudi Arabia’s largest listed lender, posted a 3.2 percent drop in its third-quarter net profit, it said in a bourse statement.
The onset of the global crisis has shortened investors’ investment horizons, stoked preferences for liquid assets and dramatically shifted the regulatory regime in favor of developed market securities
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