DED and Mashreq sign agreement to facilitate electronic payment of trade...
The Dubai Department of Economic Development (DED) and Mashreq have signed a co-operation agreement to facilitate the electronic payment of trade licenses fees. The...
Markets likely to perform on the upside
Saudi shares climbed for a third day on Saturday, led by petrochemical companies and banks, after U.S. stocks posted the biggest weekly rally in...
Lloyds TSB Middle East announces third Undergraduate Programme for UAE nationals
Lloyds TSB Middle East, part of one of the world’s largest banking groups, today announced the launch of the third annual Undergraduate...
UAE amends terms for key lending facility
The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the...
Inflation or Deflation
The biggest risk to economies around the world in 2010 is a growth double dip. Further out, investors remain rightly concerned about hedging tail...
Emirates NBD to increase Foreign Ownership Limit to 40%
Emirates NBD Bank, Emirates NBD, today announced its intention to increase Foreign Ownership Limit, FOL, to 40 percent in the future, and will seek...
DED launches 14 new business activities to promote investment in local...
Activities added will contribute to new investment opportunities, innovations in agriculture and food security, says HE Mariam Bint Mohammed Saeed Hareb Al Mehairi
...
Meltdown turns spotlight on Islamic finance
The failure of major investment and commercial banks that helped trigger the global recession has led some experts to look for other ways of...
One More Bank Cuts Gold Price Forecast
On Wednesday, Societe Generale revised on the downside its 2013 gold price forecast and respectively silver among precious metals. Among the base metals, the...
ADNOC Investor Forum Highlights Co-investment, Partnership Opportunities
The Abu Dhabi National Oil Company (ADNOC) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu...
Binghatti’s First Bond Market Debut Soars at Over 200% Subscription
The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk...
UAE financial markets to close on Thursday
Securities and Commodities Authority(SCA) has announced that the financial markets nationwide will close on Thursday, Nov. 15, and resume transactions on Sunday, Nov. 18,...
Moody’s new UAE Banking System Outlook negative
The fundamental credit outlook for the banking sector of the United Arab Emirates (UAE) is negative, reflecting growing pressures in the operating environment, which...
Cryptocurrencies, Blockchain Are a Rerun of The Dotcom Mania
A new Technology Quarterly report from The Economist published in the September edition examines blockchain and cryptocurrencies. Tim Cross, The Economist’s science correspondent, takes...
Global demand for gold jewellery up 12% in Q1 2013
The latest World Gold Council Gold Demand Trends report, which reports on the period January-March 2013, shows a market driven by diverse global demand,...
Emaar Properties Launches $500M 5.5-Yr Sukuk; 8.5% Pft Rate
Emaar Properties launches a benchmark dollar-denominated bond as part its $2 billion Islamic bond program.
Benchmark bonds are typically at least $500 million in size.
Market...
Emaar’s new US$ 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.
Forbes Middle East: A map for new investments
"Forbes Middle East" has provided in its seventh edition an in-depth study of the free-zones, highlighting the features of these areas and the important...