With $400 billion ‘in play’, hedge funds face challenges
The hedge funds industry faces challenges in 2012, but also a year of significant opportunity, according to a Barclays Capital report, The Money Trail,...
Tamweel reports 2011 net profit of AED 102 million
Tamweel PJSC, the UAE Islamic home finance provider, announced today its financial results for the 12 months ending December 31, 2011, demonstrating continued profitability...
Abu Dhabi long term ratings Aa2, Moody’s
Moody's Investors Service's has detailed its summary credit opinion on Abu Dhabi, which includes certain regulatory disclosures regarding its ratings.
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.
MENA Private Equity Association launches at DIFC
The MENA Private Equity Association announced its official launch at the Dubai International Finance Centre this week.
Al Islami Business Online for companies
Over 75 services can be accessed online
Free set-up until March 31, 2012
As part of its strategy to provide innovative banking services, Dubai Islamic Bank...
UAE Islamic banks account for 30% of global Islamic Banking industry
UAE Islamic financial services sector represented 30% of the global Islamic banking industry in 2011
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
New Capital Protected Gold Notes and Mutual Fund Investment Combinations
Abu Dhabi Islamic Bank’s (ADIB) announced the launch of its Capital Protected Gold Notes that can be combined with a selection of mutual funds.
UAE most competitive banking market in GCC
Abu Dhabi Islamic Bank (ADIB) reports today that the UAE remains the most competitive banking market in the GCC, a key finding from its proprietary “GCC Banking Competitiveness Report.”
Opportunity to develop local asset-management industry
The accumulated assets of a UAE pensions system would probably run into hundreds of billions of dollars, granting a significant opportunity to develop a local asset-management industry.
Adopt early to changes in Payments Industry
Close examination of the “innovation clusters”, known also as incubators for new technology aiming at consumer simplicity, now signals that an innovation in the payments industry is ready for prime time.
AED 55 billion worth of bounced cheques in 2011
UAE central bank reports AED 55 billion worth of bounced cheques in 2011.
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%...
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.
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,...
Abu Dhabi’s Department of Finance and Statistics Centre- Abu...
the Department of Finance (DoF) recently entered into a cooperation agreement with the Statistics Centre – Abu Dhabi (SCAD). The agreement aims to strengthen ties between the two parties and will help facilitate better exchange of statistical data and business intelligence
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.