Ministry of Finance signs MoUs with ESMA and AJFD
Ministry of Finance (MoF) has announced the signing of memorandum of understanding with Emirates Authority for Standardization and Metrology (ESMA) and with the Financial...
Central Bank postpones cheque rule implementation
Following publication of news items in some section of the press that all banks and other establishments have started accepting only machine readable cheques...
Moody’s downgrades Dubai Holding Commercial Operations bonds to B3
Moody's Investors Service has today downgraded to B3 from B2 the notes issued by Dubai Holding Commercial Operations MTN Ltd. under its Medium Term...
“Special purpose vehicle†will enable indirect investments in Facebook
This is the investment opportunity of 2011!
Facebook has received a massive new round of funding: $450 million from Goldman Sachs and $50 million...
Dar Al Takaful partners with Zaabi Insurance Brokers in Umm Al...
Dar Al Takaful PJSC, an Islamic Insurance & Reinsurance Company, has announced its partnership with Al Zaabi Insurance Brokers in Umm Al Quwain. The...
Emirates NBD ranked largest bank in Middle East by Global Finance
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In a clear sign of its dominant market position, Emirates NBD has been ranked the largest bank in the Middle East by Global...
UAE plans to sell federal bonds to help fund budgetary spending...
The UAE Federal National Council has approved the planned public debt law at its meeting on Tuesday, the governmental body announced.
The law is a...
Personal loans limit may be removed soon
New rules could allow loans of up to 50 times an applicants’ monthly salary
The draft of a new system for approval of personal...
Abu Dhabi Financial Services becomes member of Nasdaq Dubai
The UAE- based broker Abu Dhabi Financial Services (ADFS), the financial brokerage arm of the National Bank of Abu Dhabi (NBAD), has joined Nasdaq...
Spotlight on prepaid; up to 60% of payments globally will be...
VRL Financial News conference puts the spotlight on the Middle East prepaid cards market
UAE’s prepaid spending expected to reach $18bn by 2015 and...
NASDAQ OMX Prices $370 Million Senior Notes Offering
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it priced an underwritten public offering of $370 million aggregate principal amount of 5.250% Senior...
Dubai Borse not planning to sell LSE stake-statement
Ahmad Al-Tayer, Governor of the Dubai International Financial Centre and member of Dubai's Supreme Fiscal Committee, today categorically denied media reports that Dubai has...
J.P. Morgan Acquires New European Investment Bank Headquarters in London
J.P. Morgan today announced major real estate investments in London, including the acquisition of 25 Bank Street in Canary Wharf, which will become the...
ACE Launches Operation in Dubai International Financial Centre
The ACE Group of insurance and reinsurance companies announced today that it has been granted a license from the Dubai Financial Services Authority to...
Borse Dubai sells Nasdaq OMX shares
Borse Dubai Ltd., the company that controls Dubai’s two stock exchanges and has a stake in London Stock Exchange, sold shares in Nasdaq OMX...
Barclays Capital Investor Survey Finds Growing Confidence in Euro Area for...
Institutional investors overwhelmingly believe the euro area will be able to avoid a “full-fledged crisis,†according to Barclays Capital’s inaugural Global Macro Survey. More...
Dubai Islamic Insurance & Reinsurance Co. (Aman) ‘BBB’ Ratings Assigned
Dubai Islamic Insurance and Reinsurance Company (Aman) has announced that its Credit Rating within Standard & Poor’s Ratings Services has increased reflecting Aman's good...
DIFC revises cost of doing business to stimulate further expansion and...
The Dubai International Financial Centre ("DIFC"), the financial and business gateway between the Middle East, Africa and South Asia region ("MEASA") and the world,...