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02/10/2025 03:08 AST
Saudi Arabia's Capital Market Authority called for public consultation on opening its main stock market to all categories of non-resident foreign investors and enabling them to directly invest in it, the regulator said on Wednesday.
If approved, the draft would scrap the Qualified Foreign Investor system in the main stock market, enabling all foreign investors to participate without meeting eligibility rules, and would also end swap agreements, allowing non-resident foreigners to directly invest in listed shares, it added.
Reuters
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02/10/2025
Kuwait has returned to international debt markets for the first time in eight years with a $11.25 billion sovereign bond issuance, in what officials hailed as a landmark deal underscoring investor co
KUNA
02/10/2025
Gold prices in the UAE stayed high after hitting record levels earlier. On Tursday morning, 22-karat gold was at Dh432.00 per gram, while 24-karat stood at Dh466.75.
Just a week ago, gold hi
Gulfnews
02/10/2025
Oman's national carrier said it has slashed its reliance on transit passengers from 85 per cent to under 50 per cent in just over 12 months, marking one of the most dramatic strategic pivots by any
Trade Arabia
02/10/2025
Abu Dhabi-headquartered NMDC Group has signed a $610.1 million contract with Pasay Harbor City Corporation (PHCC) to carry out large-scale dredging and land reclamation in Manila Bay, marking the com
Gulfnews
02/10/2025
Dubai's property prices are expected to continue rising for the foreseeable future, as unprecedented population growth outpaces new supply, Michael Lahyani, CEO and founder of Property Finder, told T
Gulfnews