Dollar/Saudi riyal forwards jump as spot market pressured
The Saudi riyal fell sharply against the U.S. dollar in the forwards market on Tuesday to its lowest level since March 2011.
Amanat IPO opens for subscription today
The Initial Public Offering (IPO) of Amanat Holdings, a public joint stock company under incorporation, opens today (Monday), with the prospectus now available for download at www.amanat.ae. With a total capitalisation of Dh2.5 billion listed on the Dubai Financial Market (DFM), the Amanat IPO will create the GCC's largest integrated healthcare and education company.
UAE, Qatar shares continue cautious recovery
Stock markets in the UAE and Qatar edged up in early trade on Monday, continuing their recovery from last week's sharp decline, while other bourses in the region moved very little.