Dubai Mercantile Exchange sets new trading record in January 2011
Momentum built during 2010 continues in the new year
The Dubai Mercantile Exchange Limited (DME) announced today that it set new trading records during the...
Abu Dhabi will host a World Bank office
The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday approved to host the World Bank's office in Abu Dhabi for a...
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...
RBS Coutts furthers NRI initiative in the Middle East with key...
RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group, today announced the appointment of Santosh Keni as Head of...
Dubai Investments Q4 net profit drops 36 percent
Dubai Investments PJSC ("DI"), an investment company with diversified interests in high growth segments, today announced its preliminary unaudited financial results for the year...
Chedid Re wins the 2011 Reinsurance Broker of the Year award
Chedid Re has been named “2011 Reinsurance Broker of the Year†for the second year in a row by the MENA Insurance Awards (previously...
CFA Emirates congratulates new charterholders at Annual Charter award ceremony
Last night the President and Board of CFA Emirates, the association for financial and investment professionals, hosted its annual charterholder ceremony at the Burj...
MENA Weekly Markets Overview
The political turmoil is Egypt has escalated despite measures being taken by the President. Global Investment House of Kuwait expects regional markets to react...
Aabar Investments frequently reviewing its options at Daimler
Aabar is currently "exploring ideas in the petrochemicals sector"
At the sidelines of a presentation of Daimler's new-generation Mercedes-Benz SLK roadster in Stuttgart, Aabar...
Emaar successfully executes first international fixed-income offering of US$500 million
Emaar Properties PJSC ("Emaar"), rated B1/BB, has successfully priced its first international fixed-income offering, raising US$ 500 million via the issuance of trust certificates...
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...
Further Bearish Movement Expected for USD Today
The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch...
Euro Reaches Two-Month High Against USD
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as...
Al Ramz Securities joins Fidessa’s connectivity network
Fidessa group plc (LSE: FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that...
Tamweel introduces promotional home finance profit rates starting from 4.99 per...
Real estate finance provider offers up to 80 per cent finance on ready residential properties in Dubai and Abu Dhabi
Tamweel PJSC, the UAE-based Islamic...
Loan losses of Gulf banks to drop, according Fitch
Fitch Ratings has said that banks in the GCC region are likely to report lower loan and investment losses in 2011 because impairments have...
DFM benchmark slides 0.32%
Dubai Financial Market General Index (DFMGI) extended its losing streak for the third straight day. It inched down 0.32% with a loss of approx....
Interest Rate Differentials Trigger Dollar Selling
The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The...