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MIDDLE EAST AND NORTH AFRICA
* Saudi Arabia's Capital Market Authority granted Fitch Australia Pty. Ltd. a license to conduct credit rating activities in the country. S&P Global Ratings became the first foreign rating agency to be allowed to conduct such activities in Saudi Arabia after the CMA approved its license in late 2016, Reuters notes.
* Saudi Arabian Oil Co.'s board is set to meet in Shanghai on May 10 as part of efforts to attract Chinese and other Asian investors to its planned IPO in 2018, insiders tell Reuters. The Shanghai meeting marks Saudi Aramco's first board meeting in China since 2010.
* Bank of Jordan Plc Chairman Shaker Tawfiq Fakhouri said the lender intends to enter the Saudi market, Al Eqtisadiah reports.
* Weqaya Takaful Insurance and Reinsurance Co. submitted a request to the Saudi Arabian Monetary Authority to increase its capital by 600 million Saudi Arabian riyals to 800 million riyals through a rights issue.
* The Abu Dhabi Global Market's Financial Services Regulatory Authority revised the capital requirements applicable to managers of collective investment funds, with effect from April 10.
* AlRajhi United agreed to acquire an interest in investment banking advisory firm Badwa Capital for an undisclosed amount, CPI Financial reports. The funds from the transaction will be used to finance the expansion plans of Badwa Capital, which will remain independent and majority-owned by its management.
* UAE-based financial services firm Menacorp named Tariq Qaqish managing director of asset management.
* Qatar...