UAE amends stock ownership rules in transparency move

The United Arab Emirates' market regulator unveiled a major overhaul of stock ownership rules in the Gulf Arab state, in a bid to force more disclosure in takeover deals and boost transparency. The new ...

DUBAI (Reuters) - Stock ownership rules in the United Arab Emirates have been overhauled to boost transparency in the Gulf Arab state's two stock markets and lead to better disclosure during takeovers. Enforcing the regulations will be the main challenge for the Securities and Commodities Authority, analysts said on Tuesday. ...

DUBAI (Reuters) - Stock ownership rules in the United Arab Emirates have been overhauled to boost transparency in the Gulf Arab state's two stock markets and lead to better disclosure during takeovers.

DUBAI (Reuters) - Ziad Makhzoumi, chief financial officer of Arabtec , the United Arab Emirates'

EU Parliament decided that European banks would have to publicize their revenue and taxes for each country in which they operate, reported Financial Times. The legislation is part of Basel III International Accord and of Eurozone attempts to make banks safer and more transparent in executives’ bonuses.  

DUBAI (Reuters) - Dana Gas is set to become the first United Arab Emirates (UAE) company to fail payment of an Islamic bond on maturity, three sources familiar with the matter told Reuters on Tuesday. The UAE's largest listed natural gas firm, hit by payment delays from Egypt and Iraq's Kurdistan region, will not repay a $920 million convertible Islamic bond, or sukuk, when it matures on Wednesday, the sources said. However, Sharjah-based Dana has won more time to hammer out a deal with bondholders, they added. Dana Gas declined to comment. ...