Facebook IPO live, traded at $42.05 up over 10%
Facebook IPO started trading in New York with approximately 25 minutes delay today
Opening Facebook trade was expected at US $42, with 65 million shares...
Damas to delist from Nasdaq Dubai June 12th
Damas International announced that it will delist shares from Nasdaq Dubai as of June 12th, on the back of the joint bid submitted by...
DFM lists two Sukuk issues for the Government of Dubai
Dubai Financial Market ( DFM ) announced on Monday the listing of two Sukuk issues for the Government of Dubai with a total value...
DFM Annual Stock Game inaugurated
Dubai Financial Market (DFM) has announced the inauguration of the 10th Annual Stock Game, the most popular educational initiative amongst school and university students...
DGCX to list Copper Futures for Trading
The Dubai Gold and Commodities Exchange (DGCX) will formally launch trading of Copper Futures on Friday, 20th April
Copper is the third most widely used...
Fresh IPO concepts to hit Financial Markets
Goldman Sachs gave equities a ringing endorsement, saying the asset class is poised to deliver better returns than bonds over the next few years....
FTSE NASDAQ Dubai UAE 20 Index rises 23% on higher share
The FTSE NASDAQ Dubai UAE 20 share index extended its run of recent gains last week to close 23.3% higher than at the end...
Dubai Financial Market General Index up by 20.5 percent
The Dubai Financial Market General Index increased by 20.5 percent to 1730.4 points at the end of February compared to 1435.7 points at the...
Dubai Mercantile Exchange announces new trading records
February sees highest monthly trading, best average daily volume and busiest day in exchange’s history
The Dubai Mercantile Exchange (DME), the leading energy futures exchange...
Dubai Financial Market records net profit of AED 8 Million in...
Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2011. The company recorded a net profit of AED...
Dubai Mercantile Exchange gets support from existing Investors
Global derivatives marketplace CME Group and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, will increase their investments in the...
UAE ranked second top frontier market on Bloomberg Markets
According to the results of Bloomberg Markets’ first ranking of the most-promising emerging and frontier markets for investors, the United Arab Emirates ranked second...
UAE’s undervalued markets may have bottomed out
Dubai and Abu Dhabi stock markets hit fresh multi-year lows in January, but analysts now comment that they may finally have bottomed out.
DGCX 2011 annual volumes rise 110%
Annual volumes for 2011 on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception.
Emaar’s new US$ 1 billion financing facility – Testament to financial...
Emaar Properties PJSC has signed a new Islamic and Conventional financing facility amounting to AED 3.6 billion (approx. US$ 1 billion) with Dubai Islamic Bank PJSC, National Bank of Abu Dhabi and Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners.
Private Equities in 2012
Despite a short-term caution, equities on a 2-3 year view look persuasive. Investors enter 2012 in a fearful state, but any sharp falls in equities in 2012 it is doubtful.
MSCI extends review for reclassification of UAE from frontier status
MSCI announced it will extend review for reclassification of the U.A.E. and Qatar from frontier status “in order to give additional time for market participants to assess the effectiveness” of the new payment systems in the exchanges.
NASDAQ Dubai okays UAE brokerage to trade Internationally
Premier financial services group MENA CORP is pleased to announce it received approval to operate as a broker on NASDAQ Dubai, a step that would enable it to trade and clear securities for clients on the region’s international exchange.