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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

Saudi Stock Exchange (Tadawul)

Saudi Arabia drafts rules for Tadawul opening to foreigners Subscription

24 August 2014 | By

Authorities propose 10 per cent cap on foreign ownership

Tadawul performance and all share index

Tadawul could open to foreigners by 2015 Subscription

22 July 2014 | By

Move to open Saudi Stock Exchange to foreign investors will support growth of non-oil sector

Saudi Stock Exchange

Saudi Arabia set to open Tadawul to foreigners Subscription

22 July 2014 | By

Investors gain access to region’s biggest exchange

Abraaj sees strong growth potential in North Africa’s healthcare sector and has completed the acquisition of a majority stake in a Tunisian private hospital

Abraaj Group targets North African investments Subscription

15 July 2014 | By

Private equity firm confirms interest in Egypt’s Bisco Misr

Investors price too little risk premium in Mena credits Subscription

9 July 2014 | By

Iraq spillover could create a major change in the region

DIFC

UAE stock market regulator tightens surveillance Subscription

8 July 2014 | By

Regulator is reviewing regulation on bank lending against shares

Banking and tourism sectors post largest losses on Iraqi stock market Subscription

7 July 2014 | By

Iraq-listed stocks fell up to 37 per cent in June

Dubai Financial Market DFM at night

UAE regulator investigates stock market activity Subscription

7 July 2014 | By

The UAE’s Securities and Commodities Authority says it has also demanded further clarification from Arabtec on its disclosures

Company news

Iraq Stock Exchange (ISX) performance

Iraq’s stock exchange rally ends as index dips Subscription

26 August 2014 | By

Iraq’s market rose on Prime Minister Nouri al-Maliki’s resignation

Offshore support vessel

Standard Chartered invests in Topaz Energy and Marine Subscription

21 August 2014 | By

Topaz is a subsidiary of Oman-based Renaissance Services

Dubai Financial Market

Menacorp chief sees greater consolidation of UAE brokerage firms Subscription

17 August 2014 | By

CEO aims to diversify business model

Bahrain Financial Harbour

Gulf Finance House to list sukuk on Nasdaq Dubai Subscription

12 August 2014 | By

Islamic bond worth $200m to be issued in coming months

Air Arabia

Air Arabia’s second quarter profits boosted by cost management Subscription

10 August 2014 | By

Airline opened second UAE hub earlier in year

Dubai Mall

Analysts remain confident on Emaar Subscription

7 August 2014 | By

Dip in revenue not a cause for concern 

Dubai at night

Union Properties secures debt refinancing Subscription

6 August 2014 | By

UAE property developer signs AED360m ($98m) facility

The Dubai Mall, an Emaar Properties development

Emaar’s malls and hospitality business drives first half results Subscription

5 August 2014 | By

Malls business provided financial cushion for Emaar during downturn

Markets trends

Stock market

Market reacts to Saudi decision to open up stock market Subscription

23 July 2014 | By

The opening of the Tadawul to foreign investors is widely welcomed by market

Qatar drives mergers and acquisitions

Qatar drives Middle East mergers and acquisitions Subscription

16 July 2014 | By

Value of deals in the second quarter highest since start of 2011

Dubai Multi-Commodities Centre

DMCC fuels commodity flows through Dubai Subscription

8 July 2014 | By

Dubai’s diamond and gold trade soars

Markets

Market regulators must toughen up Subscription

3 July 2014 | By

The sharp fall in UAE contractor Arabtec’s share price has led to calls for tougher regulation

Regional investment in global commercial real estate

Middle Eastern investors spent $13bn on real estate abroad in 2013 Subscription

17 June 2014 | By

Around $180bn in investments expected over the next ten years

GCC stock market performance

UAE and Qatar stocks rise to recover mid-May losses Subscription

28 May 2014 | By

Investors took advantage of cheaper buying opportunities

Risk: While the UAE and Qatar markets could become more volatile, some investors may be willing to take on the risk

Promoted status moves markets Subscription

22 May 2014 | By

The Qatar and UAE upgrades to emerging market status have triggered a wave of increased volatility

Middle East mergers and acquisitions by volume and value

Mergers and acquisitions activity expected to rise Subscription

14 May 2014 | By

Deal value increased to $3.06bn in Q1 2014

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MEED comment

Dubai Mall

Emaar’s position stays uncertain

7 August 2014

Analysts remain unsure about the firm’s strategy along with worries about Dubai’s property sector

Riyadh

Tadawul access a positive sign

24 July 2014 | By

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Riyadh

Foreign access to Tadawul positive for region

22 July 2014 | By

Gulf region will become more appealing to international investors

Markets

Project finance dip no cause for worry

10 July 2014 | By

While there may be a decline in project finance volumes in 2014, next year promises to be lucrative

UAE: Greater transparency needed in capital markets

UAE regulator under pressure

3 July 2014 | By

The dramatic slump in Arabtec Holding’s share price shows more action is needed to tackle suspicious behaviour on the stock markets

Arabtec share price has fallen

Arabtec locked in a fight for survival Subscription

26 June 2014 | By

Company’s ability to manage risks will be thrown into doubt following meltdown

Markets

Nasdaq Dubai vies for higher growth Subscription

19 June 2014 | By

More sukuk listings on the exchange will help Dubai realise its goal of becoming a hub for Islamic finance

Change: Exchanges will need to attract fresh listings

Volatility hits stock markets Subscription

22 May 2014

Improvements are needed in the UAE and Qatari bourses to reduce their vulnerability to speculators and attract longer-term investors

See all MEED commentary

Special reports

Market

MEED 100: The region's largest listed companies Subscription

27 March 2014

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

Nomaan Raja Subscription

27 July 2014

Nomaan Raja is partner in Dubai at Latham & Watkins

Andrew Tarbuck Subscription

20 July 2014

Andrew Tarbuck is partner in Dubai at Latham & Watkins

Andrew Macklin Subscription

20 July 2014

Andrew Macklin is partner in Doha at Latham & Watkins

Sami al-Louzi Subscription

20 July 2014

Sami al-Louzi is partner in Riyadh and Dubai at Latham & Watkins

Charles Fuller Subscription

20 July 2014

Charles Fuller is partner in Dubai at Latham & Watkins

Christopher Lester Subscription

20 July 2014

Christopher Lester is counsel at Latham & Watkins in Abu Dhabi

Meet the analyst


Melissa Song Loong
Companies & Markets Editor


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

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