Better day for DFM
The Dubai Financial Market General Index rose 0.9 per cent to 4,511.25 at 12:55 pm, rebounding from its lowest close since October 8.
Dubai shares...
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...
Corporate Fraud and Bribery Briefings
Ernst & Young has organized Corporate Fraud & Bribery Update briefings in Abu Dhabi and Dubai, attended by senior corporate officers. The briefings aimed...
IMA Grows Middle East Membership by 30% as CMA Curriculum Gains...
Newest regional IMA chapter launched in Jordan; total membership in MENA 10,700 strong
The Institute of Management Accountants (IMA®), the world’s leading...
Bank of Sharjah signs club term loan facility
Bank of Sharjah announced today that it has signed a USD 135 million (AED 500 million equivalent) club term loan facility with four Mandated...
Dubai Financial Market announces expansion of eServices tools
Dubai Financial Market is proud to announce the expansion of its eServices tools to allow investors to benefit from instant access to Real Time...
New system limits personal loans to 20 times a person’s monthly...
UAE Central Bank announced today that it has adopted a new system of bank loans and other services provided to individual clients.
The announcement came...
Asset management crucial for Middle East governments
Mature asset management models have already been developed
Fueled by strong economic expansion, infrastructure sector in the Middle East is rapidly growing in size,...
Daman Investments postpones IPO
Daman, an investment management company in Dubai, announced that it will postpone IPO (initial public offer). The reason Daman cited is a liquidity concern.
In...
Emirates prepares for dollar-denominated bond issue
Emirates Airline, Dubai's flagship carrier has picked four banks to arrange meetings for a prospective dollar-denominated bond issue, according to a statement issued today.
HSBC,...
Markets push higher across Asia and Europe
Markets rallied strongly in Asia today morning, as investors jumped into stocks tied to global economic growth. South Korea’s Kospi jumped 3.8%, Australia’s S&P/ASX...
Sukuk market for GCC companies continues to expand
According to a report by the Kuwait Finance House (KFH), sukuk issuance worldwide amounted to about US $5 billion in July, down from the...
Global investors display renewed optimism; Risk appetite on the rise
Global investors have started 2012 with a reawakened sense of optimism towards the global economy and greater appetite for risk
FAB Global Investment Outlook forecasts global equity market rebound in 2019
UAE markets also expected to recover amid Abu Dhabi stimulus plan and a more favourable global market background, as geopolitical risks subside and interest...
State Audit Institution introduces new practices to enforce accountability in...
The UAE Government is committed to improving standards of accountability, according to the head of the UAE State Audit Institution.
This month will see the...
Best Global Emerging Markets Bank
Citi was named Best Global Emerging Markets Bank and Best Global Transaction Banking House by Euromoney magazine as part of its Euromoney Awards for...
BofA Merrill Lynch Fund Manager Survey finds renewed optimism over...
Investors have returned from holidays with a defensive mindset but fresh hopes are emerging about China’s economic prospects, according to the BofA Merrill Lynch...
2011 CFA Institute Research Challenge
CFA Emirates, the national chapter for CFA Institute, the UAE’s leading association for financial and investment professionals, has launched its third annual research challenge.