Istithmar World Capital defaulted on mortgage on New York’s Hotel
Istithmar World Capital, the investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel site in Times...
DGCX February volumes rise 17 % year-on-year to reach 210,330 contracts
February volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 17 % year-on-year to reach 210,330 contracts, valued at $10.07 billion. Year-to-date volume...
DFM ready to introduce ‘Delivery versus Payment’
Dubai Financial Market (DFM) has announced its full readiness to introduce the new settlement mechanism “Delivery versus Payment†(DvP) by the end of fisrt...
Increasing ‘risk tolerance’ amongst financial advisors and investors
*According to the 2012 Middle East Investment Panorama (MEIP) report from Insight Discovery
GCC based financial advisors and retail investors are becoming increasingly ‘risk tolerant’...
UAE’s Strong Economy to Pull in More Foreign Investments in Coming...
Country’s efforts to diversify economy yielding significant dividends.
Robust investment flows to the UAE are expected in the coming years on the back of the...
Foreigners bought $281.1m shares on DFM last week
Dubai Financial Market said on Friday that the value of shares bought by foreign investors, or non-UAE nationals, during the week August 31 to...
Dubai’s Sovereign Wealth Fund Istithmar World is halting investments
On Friday, Bloomberg said Istithmar World is freezing investments as part of a restructuring process that may result in sale of the fund or...
NASDAQ Dubai Monthly Trading Report
September 2010 - Equities Traded Value Rises 31% In First Nine Months Of 2010
The value of equities traded on NASDAQ Dubai increased by...
Emirates NBD wins Financial Sector Technology award for best systems integration...
Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it has won the 2010 Financial Sector...
Brent, corn and gold investments to perform well in 2012
Commodities had an eventful year all-together, but ended the 2011 roughly unchanged. The energy-heavy MLCX TR and S&P GSCI TR indexes returned -2.6% and -1.2%...
Tamweel launches Home Finance Plus
Tamweel PJSC, the UAE Islamic home finance provider, announced today the launch of "Home Finance Plus," the country's first integrated home finance programme, which...
Facebook preparing for an IPO
Facebook is preparing for an IPO that is expected to surpass $100 billion, according to a new report.
If the forthcoming initial public offering surpasses...
Reinsurance demand strong as primary market expands in MENA region
The reinsurance environment in the Middle East and North Africa (MENA) region is stagnant in many aspects, although it also contains many elements that...
Emaar hires banks to arrange meetings with investors ahead of bond...
Emaar Properties PJSC said it hired banks to arrange meetings with fixed-income investors ahead of a planned bond issue.
The Dubai government-controlled company asked HSBC...
Asian Hedge Funds top Equity Markets again in 2011
Asian hedge funds outperformed volatile regional equity markets in 2011, marking the second consecutive year of such outperformance, according to data released today by HFR
The Central Bank plans Dirham-Dollar Swaps to support banks
The United Arab Emirates central bank said on Wednesday it would provide UAE dirham-U.S. dollar swap facilities to banks to further support the banking...
Investment Dar reaches Majority Agreement on Standstill
Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating...
Middle East CFO Optimism at two year low in Q4 of...
Global CFO optimism is wavering, according to a recent study by Deloitte entitled ‘Q4 2011 Global CFO Signals Report’. Conducted on a semi-annual basis...