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Winning and losing stocks from Singapore's budget
SINGAPORE: Tax changes in Singapore’s budget are positive for certain retail stocks and firms that are reducing their carbon emissions, but some multinational companies, property developers and luxury vehicle stocks emerge as losers.
For Goldman, Saudi Arabia will remain king of Mideast IPO deals
LONDON: Saudi Arabia will remain the busiest of the Middle East’s stock markets, even as the United Arab Emirates (UAE) pushes more companies to go public, according to Goldman Sachs Group Inc.
Bank of America expects busy year of Gulf IPOs
DUBAI: Gulf exchanges are likely to have another busy year of initial public offerings (IPOs) in 2022, possibly surpassing this year's bumper crop, a Bank of America executive told Reuters.
Saudi stock exchange sets IPO offer price at top end of range
RIYADH: Saudi Tadawul Group Holding set the final price of its initial public offering (IPO) at the top end of the range, giving the Riyadh-based bourse a valuation of 12.6 billion riyals (US$3.4bil or RM14.41bil).
Saudi stock exchange seeks to raise US$1bil
RIYADH: Saudi Arabia is keeping the home fires burning for regional public offerings, readying what could be the biggest sale of shares by a stock-exchange operator since Euronext NV.
Bank Negara adds three firms, websites to unapproved list
KUALA LUMPUR: Bank Negara Malaysia has added three companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by the central bank.
Insight - Damac delisting plan piles pressure on shrinking Dubai market
DUBAI’s stock market is set for another delisting, raising a question mark over the future of one of the Gulf’s major exchanges, which was launched two decades ago.
Arabian Drilling planning Saudi IPO
JEDDAH: Arabian Drilling Co, a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering (IPO) that could give it a valuation of around US$2bil (RM8.2bil), according to people familiar with the matter.
Saudi Aramco buys SABIC shares on market
RIYADH/DUBAI: State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.
Bad start to May is a sign of things to come for global markets
(Bloomberg) -- Sell in May and go away? The negative start to the month raises concern that the partial recovery in April is going to be about as good as it gets for risk assets.