United Arab Bank Financial Results for firts nine months of 2011
Operating Profit up by 20% to AED 281 million
Loans and advances up 38% to AED 7.6 billion
Customer deposits up 39% to AED 6.7 billion
Net...
Destroying the Young with Permanent Bailouts
The tyranny of banking deposit insurance is leading young people to hate 'the market'...
Why aren't young people protesting against bailouts?
Younger adults are usually pretty...
Opportunity for financial service providers: Reverse Mortgage
A popular and commonly used financial facility in the United States and Europe, with unexplored yet potential in the Middle East, is the Reverse...
Dubai Investments Q2 profit falls 32 pct
Dubai Investments PJSC (“DIâ€), the largest investment company listed on the Dubai Financial Market, today announced its financial results for the six-month period ended...
Bank offers up to $5 million in mortgages for properties in...
Underscoring an emerging positive sentiment in the property market, Standard Chartered is offering up to Dh18.4 million ($5 million) in mortgage to attract high...
DGCX volumes crosses 300,000 contracts in July 2011
Highest ever monthly volume since inception, with 310,990 contracts traded
Indian Rupee futures cross one million mark in July
Dubai Gold and Commodities Exchange (DGCX) achieved...
DFM: Members ready to employ “DvP” Model
Dubai Financial Market (DFM) announced today that its licensed brokers and custodians are ready to employ the newly introduced settlement mechanism “Delivery versus Payment”...
Tamweel relaunches home finance solutions
Real estate finance provider back in business following announcement by Dubai Islamic Bank
Offers financing of ready residential properties in Dubai and Abu...
Emaar Properties announces share buyback programme
Emaar Properties, PJSC, one of the world’s leading property developers, announced today that it will proceed with the implementation of a share buyback programme....
Fund Manager Survey finds Sovereign Debt Fears easing as Investors anticipate...
Global investors appear to be coming to terms with the prospect of a default by the Greek government, according to the BofA Merrill Lynch...
Asian and Middle East Real Estate HNW Investors Prefer London
The majority of overseas high net worth individuals pinpoint London real estate as their top target investment class, according to the inaugural International Private...
Luxury Hotels Market Struggle with Decreased Demand in 2013
Luxury hotels have become less attractive for investments, according to a recently issued paper on the current trends in hotel development by a...
Apple Investors Anticipate A New Product As iWatch Details Emerge
Apple Inc. investors are not happy with the tech giant's slow rate of growth during the past six months. That was proved by the...
Twitter is estimated to be worth $9 billion before IPO
Twitter Inc. was valued at about $9 billion after early employees sold $80 million in shares to a fund managed by BlackRock Inc. This...
Frontier Markets No Riskier than Emerging Markets
Some of the world's most rapidly expanding economies fall into what is popularly referred to as the Frontier markets.
Dubai plans a US $1.8 billion bond issue
On Monday, the finance chief of Dubai announced plans of the government to issue a bond to refinance part of its debt maturing in...
Dubai Mercantile Exchange achieves new record in Open Interest
The Dubai Mercantile Exchange Limited (DME) today announced that it has achieved the highest level of open interest for its benchmark Oman Crude Oil...
New Arbitration Law of DIFC
HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has enacted the new Arbitration...