Saudi CMA issues draft foreign investment regulation

The Saudi Capital Market Authority has issued draft regulations for the registration of foreign financial institutions wishing to invest on the Saudi stock market. Interested parties have until 20 November to submit comments on the draft. The CMA expects that the Tadawul will be open for qualified foreign investors to invest in listed shares during the first half of 2015.

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UK Sovereign Sukuk 10-Times Oversubscribed

The UK Government's $200mn sukuk issue was oversubscribed ten times when it was launched in June. The sukuk had a tenor of five years. Its yield of 2.036%.

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NBAD's Alex Thursby Speaks to ABA about "West-East" Corridor

Last year, National Bank of Abu Dhabi launched a new strategy based on seizing opportunities in the "West-East" Corridor -- a region that the bank defines as running from West Africa to East Asia. The bank's CEO, Alex Thursby, spoke to the ABA about the "West-East" Corridor and the bank's new strategy.

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