ABU DHABI / AGENCIES Aldar Properties announced on Sunday that its Foreign Ownership Limit (FOL) has been increased to 49%, from 40%, following completion of all regulatory formalities and will be implemented for trading effective from Sunday. This follows shareholder approval of the increase at Aldar’s 2018 Annual General Meeting, which was held on March 21. Talal Al Dhiyebi, CEO ...

BAHRAIN / WAM Investcorp, a global provider and manager of alternative investment products, on Sunday announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the US. Founded in 1984, KSI is an industry-leading distributor of quality replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 ...

LONDON / Reuters Gold and oil will extend their gains on Monday, albeit modestly, when the markets open for the first time since Western powers launched a missile attack on Syria but equities and bonds are unlikely to suffer big losses unless the West strikes again or Russia retaliates. “The newsflow is actually better than what it looked like at ...