DUBAI: Gulf exchanges are likely to have another busy year of initial public offerings in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters. After a year that featured three major IPOs on both Saudi Arabia’s Tadawul and Abu Dhabi’s ADX markets, Dubai has announced plans to list as many as … Read more
RIYADH: Three special deals were completed on Tuesday in the Saudi Sukuk and bond market, with a total value of SR51.7 million ($13.7 million), Arab News reported. Special deals are orders executed when a seller and a buyer agree to trade specific securities at a certain price in order to comply with the Saudi Stock Exchange, Tadawul. … Read more
DUBAI: The new Covid-19 variant, omicron, has prompted global economic concerns, as fears of its spread begin to affect stock markets and oil prices, Arab News reported. Saudi Arabia’s main market, the Tadawul All Share Index, opened 5.3 per cent lower on Sunday, trading near 10,700 points. The Dubai Financial Market was down 8.49 per cent in … Read more
