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Companies & Markets

Markets news

Dubai Financial Market

Amanat to launch IPO on Dubai Financial Market Subscription

1 October 2014 | By

UAE-based healthcare start-up to open subscription in October

National Bank of Oman concludes bond investor roadshow

National Bank of Oman concludes bond investor roadshow Subscription

30 September 2014 | By

Lender planning $500m-plus bond issuance

DIFC

Emirates NBD becomes largest issuer on Nasdaq Dubai Subscription

29 September 2014 | By

Bank has three bonds listed on exchange

Dubai considers green sukuk for renewable projects

Dubai considers sukuk for renewable projects

28 September 2014 | By

Emirate discussing the use of capital markets to fund some sustainable developments

Officials from the Tehran Stock Exchange have said they will attend an international exhibition later this year to promote foreign participation on the bourse

Tehran bourse to court international investors Subscription

15 September 2014 | By

Interest grows in Iranian economy

Power generation sources

Bahrain to test market with 30-year bond Subscription

11 September 2014 | By

GCC sovereigns eager to extend yield curve

Saudi Stock Exchange (Tadawul)

Saudi Stock Exchange sees strong August Subscription

3 September 2014 | By

Tadawul to open up to foreigners in 2015

Nasdaq Dubai

Nasdaq Dubai to sign dual listing deal with Egypt clearing house Subscription

31 August 2014 | By

Agreement to be concluded in September

Company news

Petrochemicals plant

Ghantoot to invest in $700m fertiliser plant in Duqm Subscription

30 September 2014 | By

Abu Dhabi group says Oman project will include carbon-capture facility

Dubai Mall

Emaar raises $1.6bn from shopping mall IPO Subscription

29 September 2014 | By

Emaar Properties confirms final IPO pricing for mall unit

Construction

Arabtec says progress is being made on Egyptian housing Subscription

28 September 2014 | By

The $40bn scheme involves building one million homes

Nakheel

Nakheel will not repay sukuk early Subscription

22 September 2014 | By

Islamic facility is due to be paid in August 2016

Gulf of Suez

RWE Dea wins new concessions in Egypt Subscription

18 September 2014 | By

Egyptian General Petroleum Corporation awards germany’s RWE Dea two concessions in the Gulf of Suez

Oil

Genel Energy staff return to Iraqi Kurdistan operations Subscription

10 September 2014 | By

London-listed group says security situation has improved significantly

gas

Dana Gas signs project finance deal for UAE offshore gas field Subscription

10 September 2014 | By

First gas production due in first half of 2015

Irish oil and gas exploration firm San Leon Energy has acquired two stakes in southern Morocco from UK-based Petromaroc

San Leon Energy acquires South Morocco stakes Subscription

10 September 2014 | By

Irish exploration firm strikes deal with Petromaroc for interests in Tarfaya and Sidi Moussa

Markets trends

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription

23 July 2014 | By

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

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

Filter all markets analysis by country

MEED comment

Bahrain Financial Harbour

GCC states diversify their funding options

11 September 2014 | By

Bahrain and Sharjah look for new investors

Emaar Malls Group's Dubai Marina Mall

Mixed reaction to Emaar Malls Group listing

1 September 2014 | By

Emaar Malls Group intial public offering sets benchmark for Dubai’s capital markets

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 Subscription

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 Subscription

22 July 2014 | By

Gulf region will become more appealing to international investors

Markets

Project finance dip no cause for worry Subscription

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 Subscription

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

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

Meet the analyst


Rebecca Spong
Finance and Banking Editor


Phone: +971 (0)4 818 0255
Email: rebecca.spong@meed.com

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