Combined profits of 35 listed firms in Qatar hit QR17.6bn
The combined net profit of 35 listed companies on Qatar bourse touched QR17.6bn in the first half of 2014, reflecting an estimated 13% increase in the collective net profit of all the listed companies a year ago.
QSE upgrade, higher foreign ownership cap to attract more FIIs
The Qatar Stock Exchange's MSCI upgrade and the higher foreign ownership cap should attract more institutional investment from outside of Qatar, Samba Financial Group has said in a report.
Tadawul opening may dampen IPOs
Saudi Arabia's decision to open its stock market to direct foreign investment could slow down initial public offerings (IPOs) in the country by making local companies wary of giving up stakes in their business to foreign control.