Abu Dhabi’s Waha Hedges 12m Aercap Shares, Sells Further 3m

Waha said it would use the $532 million of funding provided by the December deal for new investments.

Qatar’s Emir Appoints New CEO At Wealth Fund Qatar Investment Authority

Sheikh Abdullah bin Mohamed bin Saud al-Thani, chairman of telecoms operator Ooredoo, has been made the CEO of QIA.

Saudi’s Marafiq Signs SAR2.5bn Islamic Loan

The company will use the murabaha-structured facility for capacity expansion plans in different projects.

Stock News: Most Gulf Markets Dip; Saudi Blue Chips Rebound

Saudi Arabia’s index rose 0.7 per cent while other Gulf markets declined.

Dubai Aluminium Picks Three Banks To Arrange $1.8bn Loan

The firm has chosen Citigroup, Emirates NBD and Societe Generale to arrange the loan, sources said.

UAE Start-up Careem Raises $10m Investment For Expansion

The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.

Bahrain’s GFH Plans Asset Manager Purchases With New Debt -CEO

GFH plans to acquire established regional companies to build a broader wealth management platform, rather than offer new business lines.

Dubai Parks and Resorts Says To List On Dubai Bourse On Dec 10

The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.

Stock News: Most Gulf Markets Fall; Blue Chips Lift Saudi

Brent hit a high of $71.46 a barrel on Wednesday before giving up some gains and moving close to $71.

UAE’s RAK Petroleum Ups Stake In Cote d’Ivoire Oil Field

The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.

Bahrain To Develop Central Sharia Board For Islamic Banks

The central bank will introduce new sharia governance rules to expand the internal sharia review and audit functions.

Saudi Set For Tighter 2015 Budget After Oil Price Falls

The government gets about 90 per cent of its revenue from oil exports.

Saudi Regulator Halts Trading In Telcos Mobily And Zain Saudi

Mobily and Zain Saudi are embroiled in a money dispute.

Stock News: Saudi Petrochemicals Stocks Lead Riyadh Rebound

Oil prices rebounded three to four per cent after touching five-year lows on Monday.

Dubai World Debt Deal Gets 70% Creditor Agreement So Far

The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.

Gulf Markets Stabilise After Panic Sell-Off

Brent crude fell nearly $2 a barrel to a five-year low below $68 in early trade on Monday but then pared some losses and climbed towards $70.

Saudi Regulator Suspends Deloitte From Auditing Listed Firms

A circular from the Capital Market Authority said the suspension was due to a case involving an unidentified firm and would stay in place until its conclusion.

Doha Bank Shareholders Approve India Assets Buy

HSBC Bank Oman said in April it had agreed to the sale of its Indian business to Doha Bank.

Stock News: Gulf Markets Choppy; Zain Saudi Plunges

Oil fell nearly $2 a barrel in Asian trade on Monday and both U.S. crude and Brent have fallen for five straight months.

Gulf Stock Markets Bleed After OPEC Lets Oil Slide

Saudi Arabia’s bourse took the biggest hit, dropping 4.8 per cent to 8,625 points, its lowest close since early January.

Saudi’s Sipchem Says Proposes Dividend Of SAR0.65 For H2 2014

Sipchem’s proposed dividend is in line with what it paid in the corresponding period of 2013.

NBAD, HSBC, National Bank Of Egypt Arrange $1.5bn Loan For Egypt’s State Oil Company

The deal is a three year loan facility with each bank arranging $500 million of the loan, NBAD said in a statement.

Oman Raysut Cement Says 2015 Costs To Rise 3% On Gas Price Hike

Raysut will try offset the impact of higher gas prices by making other cost reductions, improving efficiency and restructuring its own prices, according to a bourse filing.

Middle East Wealth Funds To Actively Invest In 2015

Sovereign wealth funds in the region are investing more in emerging markets such as Africa and China as they shift away from Western markets.

Saudi Builder Khodari Hires Advisor For SAR500m Rights Issue

The builder announced the proposed rights issue last Tuesday, saying it will use the money to expand its business.

UAE Dirham Will Remain Pegged To US Dollar – Central Bank

The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.

Stock News: Saudi Down To 11-Month Low, Dubai Falls To Five-Month Low After Oil Price Plunge

Brent crude prices have fallen about 10 per cent since regional equity markets last traded on Thursday.

HSBC Oman Says In Talks With Meezan Bank To Sell Pakistan Unit

HSBC Oman, 51 per cent owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale.

Egypt Repays $2.5bn Deposit To Qatar

The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.

Dubai’s Meraas Says Share Sale To Professional Investors Well Covered

Dubai Parks and Resorts, a unit of Meraas Holding, is selling 40 per cent of its shares.