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News & Views General National Bank of Abu Dhabi (NBAD) announced plans to launch an exchange traded fund to be listed on the Abu Dhabi Securities Exchange over the next 2 months tracking some of the largest stocks of the Gulf region. The bank also announced the launch of a branch in Egypt as part [...]
News & Views General Saudi Cable Co. announced to buy 79% stake in Turkish electronic equipments maker Elimsan for $33 Mn. Kuwait-based Gas & Oilfields Services Co signed a $122 Mn worth contract with Kuwait Oil Co. to offer oil field services. Emirates NBD has expressed optimism over the refinancing of its AED10 Bn worth [...]
