Central Bank approves regulation for classification of loans
The Board of Directors of Central Bank of the UAE held its 6th meeting for the year under the chairmanship of Khalil Mohammed...
MasterCard destinations provides rewarding experiences this travel season
MasterCard Worldwide have celebrated the start of the travel season by announcing the "MasterCard Destinations" Campaign. MasterCard cardholders can celebrate the...
UBS appoints Anthony Iliya as CEO MENA
UBS today announced the appointment of Anthony Iliya (56) as CEO for Middle East and North Africa. Iliya, who will...
Abu Dhabi Finance opens Al Ain service centre
Abu Dhabi Finance, has launched its first service centre in Al Ain, the Emirate's second city. The service centre was officially opened with...
Dubai World seeking to sell Inchcape Shipping Services
Dubai World has been seeking to sell Inchcape Shipping Services (ISS). The port and shipping agent was put up for sale recently by...
National Bank of Abu Dhabi launched a $5 billion euro medium...
National Bank of Abu Dhabi (NBAD) launched a $5 billion euro medium term note programme (EMTN).
NBAD is the second largest bank in the...
BofA Merrill Lynch Fund Manager Survey Finds Investor Confidence Eroded But...
Record Move Out of Energy Stocks in Wake of Gulf Spill
Investors’ belief in global economic growth and the ability of corporations to...
Foreign investors purchase AED 211 million worth of shares on DFM...
Value of shares bought by institutional investors reaches AED 88.9 million during last week, and value of shares sold reached AED 72.8 ...
Unusual Favorite Summer Hobby: Financial Planning
My favorite summer hobby is probably an unusual one compared to most people my age. As a 21 year old just graduating from college(and...
Bank offers up to $5 million in mortgages for properties in...
Underscoring an emerging positive sentiment in the property market, Standard Chartered is offering up to Dh18.4 million ($5 million) in mortgage to attract high...
Dubai Mercantile Exchange celebrates third anniversary
Daily trading up 130% since 2008 with new contracts planned for 2010
The Dubai Mercantile Exchange Limited (DME) marked its third anniversary...
Angela Merkel insists that the euro will remain a strong
Angela Merkel, the German chancellor, has insisted that the euro will remain a strong and dependable currency.
She told Al Jazeera's Jane Dutton that Germany...
Latest Middle East Asset Management Study from Invesco
Invesco Asset Management Limited today unveiled the findings of its inaugural Invesco Middle East Asset Management Study. This regional study is the...
Dubai Financial Market secures two thirds of Nasdaq Dubai purchase
Dubai Financial Market PJSC paid two thirds of its acquisition of Nasdaq Dubai and transferred 80 million of its shares to NASDAQ OMX Group...
Gallo Says European Bank Woes May Be `Lehman Times Ten’
Stephen Gallo, head of market analysis at Schneider Foreign Exchange, talks with Bloomberg's Andrea Catherwood about the risk of weaknesses in the Spanish banking...
U.S. Stocks Jump Most in Year on Europe Loan Package
Bloomberg's Adam Johnson and Dominic Chu report on the performance of the U.S. equity market today. Stocks rallied, with benchmark indexes advancing the most...
DMCC successfully redeems US$200 million sukuk
Final US$20 million repayment on five-year Islamic bond made on schedule
Demonstrates underlying financial strength of DMCC
Underscores rapid growth...
BNP’s Thio Says Euro’s Long-Term Outlook Still `Bleak’
Thio Chin Loo, a senior currency strategist at BNP Paribas SA, talks about the outlook for the euro after the European Union unveiled...