Middle East IPOs may be deferred

    Fluctuating oil prices and uncertainty around the UK's vote to leave the European Union, "may result in future volatility on the MENA capital markets and the potential deferral of IPOs [initial public offerings] in the MENA region", according to EY.

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  • Qatar Financial Centre

    Qatar Financial Centre creates economic adviser job

    The Qatar Financial Centre Authority has appointed Haitham Al-Salama to the newly created role of chief economic adviser, tasked with developing the centre's economic strategy.

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  • Purchase

    Natixis buys EFG Hermes stake from Dubai Group

    Dubai Financial Group has sold its 11.8% stake in Egyptian investment bank EFG Hermes to France-based Natixis as part of a debt restructuring deal.

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  • Merger1

    NBAD chief steps aside ahead of merger

    Alex Thursby, chief executive of the National Bank of Abu Dhabi (NBAD), is stepping down a month after the bank

    agreed a merger deal with First Gulf Bank to create a regional giant.

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  • Graph down

    Saudi slump wipes out stock gains in Gulf

    A fall of 3% in the largest stock market in the Middle East, Saudi Arabia's Tadawul exchange, caused an S&P index tracking the countries of the Gulf Cooperation Council to stay flat in July.

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