DFM turnover plunges to six-year low
Turnover on the Dubai Financial Market (DFM) fell 60 per cent in 2010, slumping to a six-year low, the company said in its annual...
Emerging markets to outperform developed markets into the future says Emirates...
MENA region predicted to see inflow of international capital on the back of low valuation of markets and continuing high oil prices
Strong returns...
Gold Prices: Flat, Higher or Sideways
Last Friday, gold futures extended their losing streak to a sixth straight session and posted nearly 5% loss for the week. That was the...
Emirates Development Bank estblished with a Federal Law
Possessing a capital of AED 10 billion, the EDB will aid in promoting economic growth for the UAE HE Al Tayer said
HE Obaid Humaid...
Equities trading volumes on NASDAQ Dubai rose to 175 mn shares...
Equities trading volumes on NASDAQ Dubai rose to 175 million shares in August 2009, up 80% from 97 million reported in August 2008.
The increase...
UAE Central Bank kicks off Direct Debit System
Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...
Tamweel introduces promotional home finance profit rates starting from 4.99 per...
Real estate finance provider offers up to 80 per cent finance on ready residential properties in Dubai and Abu Dhabi
Tamweel PJSC, the UAE-based Islamic...
DGCX sets new daily volume record
Trading on the Dubai Gold and Commodities Exchange (DGCX) surged to a new daily volume high of 19,819 contracts, valued at US $ 967.68...
‘Why Dubai’ study to update investors worldwide
Dubai FDI, the foreign investment office of the Department of Economic Development (DED), has published an updated study on the distinguishing features that enables...
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...
MENA Market Conditions Favorable for Foreign Investors
Qatar and UAE markets have posted significant gains since the release of the provisional list by MSCI in June 2013. Having improved in both...
Changes in MENA Tax laws promote better transparency
According to a panel discussion at the recently concluded Ernst & Young’s Middle East & North Africa Tax Seminar 2011 held in Houston, Texas,...
Lack of Catalysts Dominated Trading Activities across Regional Markets
Lack of catalysts coupled with the summer lull and the approaching Eid break dominated trading activities across the regional markets. Along with the end...
Financial personalities of the wealthy in the Middle East
New report provides in-depth global analysis into financial personalities of the wealthy in the Middle East
Report reveals link between the use of financial...
Hedge Funds in India, MENA gain despite currency, commodity volatility
Hedge fund capital invested in Emerging Markets (EM) posted a narrow gain for the third quarter as EM, Currency and Commodity Volatility all increased...
Real Estate Still Top Investment for UAE Residents
Real estate is the most popular class for investment for UAE residents, according to a new survey. Although investors prefer property over the traditional...
Saudi Tadawul Group Acquires a Strategic Stake in Dubai Mercantile Exchange...
Saudi Tadawul Group will acquire a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), through the acquisition of...
Global Recession Roundup
Credit crisis claims $1 trillion; Dollar falls hard; Gold and silver rally; Honda slashes profit outlook; Motorola cuts costs; Valeo cuts 5,000 jobs; Woolworths...