MIDEAST STOCKS-Sell-off may continue as global stocks, oil remain weak
Stock markets in the Middle East may remain under pressure on Monday after many bourses closed near their daily lows on Sunday and some stocks tumbled their daily limits.
Dubai, Saudi lead Mideast markets plunge after global sell-off
Stock markets across the Middle East tumbled on Sunday, led by Dubai and Saudi where the main indexes sank 6.5%, as declines on global bourses and falling oil prices sparked a broad sell-off in the region.
Bank Audi increases capital by USD300m
Bank Audi announced Tuesday that it has completed a USD 300 million capital increase by offering USD 240 million in common shares initially to existing shareholders (including GDR holders) of the bank and a USD 60 million subscription of common shares by International Finance Corporation (“IFC”), a member of the World Bank Group.