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Companies & Markets

Middle East markets news, analysis, commentary and economic data. Keep up to date by signing up to MEED's markets newsletter. If you are not a subscriber but need access then subscribe to the region's leading business intelligence service now
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Markets news

Taqa raises Samurai loan to refinance bond Subscription

17 April 2014, 12:50 GMT | By

Abu Dhabi firm Taqa taps new source of liquidity

Dubai Islamic Bank raises foreign ownership limit Subscription

16 April 2014, 8:18 GMT | By

Higher limit means DIB is likely to be included in emerging markets index

Qatar First Bank upbeat on Qatar Exchange Subscription

15 April 2014, 5:27 GMT | By

Qatar First Bank eyes listing but awaits regulatory approval

Up to 27 stocks could be included in emerging markets index Subscription

14 April 2014, 10:54 GMT | By

Inclusion of more stocks will drive higher weightings for UAE and Qatar

Qatar bank gets approval to increase foreign ownership Subscription

14 April 2014, 8:14 GMT | By

Foreign investors will now be able to hold 25 per cent of Commercial Bank of Qatar’s equity

Saudi Arabia changes Tadawul closing price calculation method Subscription

14 April 2014, 8:11 GMT | By

Move will make market less vulnerable to speculation

Dubai tea trade surges 29 per cent in 2013 Subscription

9 April 2014, 13:58 GMT | By

UAE accounts for 60 per cent of re-exports worldwide and it expands role as a trade centre

UK and Bahrain to work closer on Islamic finance Subscription

9 April 2014, 8:04 GMT | By

Preliminary framework agreement signed in London

Company news

Jebel Ali Port’s Terminal 3 to be operational by July Subscription

15 April 2014, 13:23 GMT | By

Terminal will add 4 million TEUs of capacity to mega port

Drydocks’ North Sea rig to be delivered by June Subscription

15 April 2014, 12:40 GMT | By

Dubai World unit Drydocks World will also deliver wind power platform in the third quarter

QNB Bank reports first quarter profit increase Subscription

14 April 2014, 8:15 GMT | By

Bank expected to support Qatar’s World Cup infrastructure building programme

Drake & Scull wins new contracts in Kuwait Subscription

13 April 2014, 10:31 GMT | By

Projects include a cultural centre and healthcare facility

UAE retailer Marka opens initial public offering Subscription

13 April 2014, 10:08 GMT | By

Marka’s subscription opening marks the first Dubai initial public offering by a greenfield company since 2008

Banque Saudi Fransi posts first quarter profit rise Subscription

9 April 2014, 8:07 GMT | By

Bank posts 25 per cent year-on-year net profit growth

Lafarge and Holcim agree merger Subscription

9 April 2014, 8:06 GMT | By

Deal will create the world’s biggest cement producer

Umm al-Qura Cement receives regulatory approval for listing Subscription

7 April 2014, 8:54 GMT | By

Demand for cement in Saudi Arabia expected to rise in second quarter

Markets trends

Hussain Sajwani, founder, chairman and chief executive, Damac  Properties

Interview: Hussain Sajwani, founder, chairman and chief executive, Damac Properties Subscription

4 December 2013, 6:17 GMT | By

Damac’s listing on the London stock market suggests international investors are not yet convinced by Dubai’s recovery story

Egypt consumer price index 2005-2014

Egypt inflation hits highest rate in two years Subscription

13 November 2013, 8:09 GMT | By

Food inflation expected to ease, but currency could continue to depreciate

Monthly performance of the Tadawul

Saudi stock exchange rises after Kerry visit Subscription

7 November 2013, 5:25 GMT | By

Tadawul increases after US says ties with Saudi Arabia are ‘enduring’

Middle East and North Africa real GDP growth

GDP of Mena countries expected to grow 2.9 per cent in 2013 Subscription

30 October 2013, 5:52 GMT | By

Oil exporting countries forecast for higher growth

Benefit: Regional companies are increasingly being drawn to the London Stock Exchange as it offers  exposure to international investors

Firms try luck on London bourse Subscription

26 September 2013, 12:24 GMT

More companies are planning to float shares on the exchange and tap into larger pools of liquidity

GCC consumer price index

GCC inflation rates rise Subscription

28 August 2013, 12:13 GMT | By

Highest increases recorded in Qatar and Saudi Arabia

Petrol pump hose

Egypt moves ahead with smart card system for fuel distribution Subscription

12 August 2013, 10:24 GMT | By

Fuel subsidies have risen to $17.2bn compared with $5.7bn in 2005/06

Middle East mergers and acquisitions

Acquisitions slow amid signs of a recovery Subscription

31 July 2013, 12:27 GMT | By

Early signs are emerging that mergers and acquisition activity may pick up

Filter all markets analysis by country

MEED comment

Dubai

SMEs to become more competitive

14 April 2014, 9:57 GMT | By

Several planned initiatives should improve conditions for SMEs

Markets and bonds

Bonds market gains maturity

10 April 2014, 15:39 GMT

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Stocks: 2014 could see a steady stream of offerings

High hopes for new UAE listings

27 February 2014, 14:27 GMT | By

The UAE’s stock markets are in dire need of successful initial public offerings to increase liquidity and offer diversification

Arab traders in a stock exchange

Slower growth forecast for UAE stock markets in 2014 Subscription

6 January 2014, 8:09 GMT | By

Real economic growth crucial to bring markets to new heights

Boost: Region's bourses show a return of confidence

Exchanges reflect economic growth Subscription

12 December 2013, 15:00 GMT

Apart from Iraq, all exchanges in the Middle East registered increases of at least 15 per cent over the year

Caution

Damac listing reflects UAE property caution Subscription

3 December 2013, 12:10 GMT | By

Developer had to settle for a share price at the bottom of the range

London Stock Exchange

Damac's planned listing could set precedent for local developers Subscription

5 November 2013, 11:56 GMT | By

First time UAE property developer eyes London bourse listing

Capital markets

Bourses need to improve processes

3 October 2013, 15:43 GMT | By

Consolidation could also help attract more investment into the stock exchanges of the UAE

See all MEED commentary

Special reports

Market

MEED 100: The region's largest listed companies

27 March 2014, 15:15 GMT

The financial services sector remains the dominant force in the MEED 100 table, with Saudi banks comprising the bulk of firms in the sector

Sea all companies & markets special reports

Top 10 listed companies

Rank Company Exchange (primary listing) Sector Market capitalisation ($m)
1 Saudi Basic Industries Corporation (Sabic) Tadawul Petrochemicals 73,394
2 Al-Rajhi Bank & Investment Company Tadawul Financial services 27,398
3 Industries Qatar Doha Industry 25,714
4 Qatar National Bank Doha Financial services 24,891
5 Etisalat Abu Dhabi Telecoms 21,956
6 Saudi Telecom Company Tadawul Telecoms 21,332
7 Kingdom Holding Company Tadawul Financial services 19,911
8 National Bank of Kuwait Kuwait Financial services 15,381
9 Etihad Etisalat Company (Mobily) Tadawul Telecoms 15,245
10 Saudi Electricity Company Tadawul Utilities 15,165
Click through to the full data table on the top 100 companies by market capitalisation in the Middle East
Click through to MEED's special report on the region's largest listed companies
Source: Thomson Reuters; Rabee Securities; Tehran Stock Exchange; MEED; Data compiled: March 2013

Biographies

Yazid Benmouhoub Subscription

22 October 2013, 10:18 GMT

Yazid Benmouhoub is CEO, Societe de Gestion de la Bourse et des Valeurs Mobilieres

Abdelhakim Berrah Subscription

22 October 2013, 10:11 GMT

Abdelhakim Berrah is president, Commission d’Organisation et de Surveillance des Operations de Bourse

Mohsin Mujtaba Subscription

22 October 2012, 13:45 GMT

Mohsin Mujtaba is director, products and market development, Qatar Exchange

Alex Carre de Malberg Subscription

22 October 2012, 13:37 GMT

Alex Carre de Malberg is Executive general manager and global head, Commercialbank Capital

Salman al-Mohannadi Subscription

22 October 2012, 13:11 GMT

Salman al-Mohannadi is CEO, QNB Capital

Nasser Ahmed al-Shaibi Subscription

22 October 2012, 13:00 GMT

Nasser Ahmed al-Shaibi is CEO, Qatar Financial Market Authority 

Meet the analyst


Melissa Song Loong
Companies & Markets Editor

Follow Melissa on Twitter
Phone: +971 (0)4 818 0250
Email: Melissa.SongLoong@meed.com

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