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...
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...
Nasdaq Dubai unveils new rules for IPOs and listed firms
Exchange operator Nasdaq Dubai on Tuesday unveiled new rules for initial public offerings and reporting requirements for listed firms as it seeks to boost...
EUR Dives from Investor Pessimism
The euro's downturn against its rivals yesterday was brought on at the start of this week's trading by reduced optimism regarding the EU rescue...
Goldman Sachs finalizes ADX-DFM merger study
Goldman Sachs has completed a study on the merger of Dubai Financial market (DFM) and Abu Dhabi Securities Exchange (ADX), Al Bayan newspaper reported.
The...
US Dollar gains from reduction in US federal deficit
A positive element to emerge from yesterday's economic events from the United States was a reduction in the Federal Budget Balance, from a deficit...
Dollar weakness continues during the week
The euro came off its New Year's low following a rise in equities and a decision by Japan to buy European bonds that were...
GCC Investment Strategy in 2011
Rising oil prices will drive regional GDP and budget surpluses
Banking and petrochemical sectors to direct GCC profitability growth
Qatar and UAE set to provide...
US Dollar falls slightly vs Rivals
The U.S. dollar fell slightly against most of its major currency counterparts on Monday as the euro recovered from its losing streak, signaling a...
Dollar rallies vs Euro as unemployment rate in US falls to...
The dollar continued its rally against the euro on Friday, despite the weaker-than-expected increase in hiring in December, reflected in the Non-Farm Payrolls data....
UAE Signs Initial Agreement for Investment Protection and Promotion with Republic...
On behalf of and towards enhance international financial agreements of the UAE, Ministry of Finance (MoF) signed an initial agreement for investment protection and...
Methaq Takaful Insurance Company to issue vehicle insurance policies online
Methaq Takaful Insurance Company announced that it has finalized the electronic link between its online platform and the Abu Dhabi E-Traffic services and Dubai's...
LinkedIn expected to Go Public in 2011
LinkedIn, the social networking site for professionals, plans to go public in 2011 according Reuters.
Morgan Stanley, Bank of America and JPMorgan are among the...
Emirates Securities Market Report for the Trading Session of Thursday 06...
The Emirates Securities Market Index has increased by 0.29% to close at 2,695.34 points. Accordingly the Market Capitalization has gained 1.14 Billion AED attaining...
SCA publishes mutual fund and investment management draft regulations
The Emirates Securities and Commodities Authority (SCA) has announced that it has posted on its website (www.sca.ae) draft regulations on mutual funds and investment...
DFM turnover plunges to six-year low
Turnover on the Dubai Financial Market (DFM) fell 60 per cent in 2010, slumping to a six-year low, the company said in its annual...