Emirates Islamic Bank integrates Emcredit services to efficiently manage risk
1. Bank to use Credit Scope to mitigate risk; calls for greater information sharing and increased transparency
2. Joins Emcredit’s growing member base
In a...
Foreign investors purchase AED 2.7 bn worth of shares on DFM...
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (11 Oct..- 15 Oct.)...
International investors attracted by growth prospects in Middle East, says study
1. First Middle East survey on capital markets perceptions and IR practices commissioned by ME-IR Society
2. Thomson Reuters poll of international investors with regional...
Middle East Insurance Summit Sees Growth Potential of up to 400%...
Debo Ajayi: “Summit will encourage debate and dialogue, stimulating innovation and regional products to realise huge untapped market potentialâ€
Summit runs from 11 to 15...
UAE calls for establishing regional stock market/update
The UAE has called for setting up a regional financial market for the Middle East and East Asia to tackle any future financial crisis.
The...
Varengold Adds 15 Currency Pairs
Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG, now offers trading in the South African Rand, Hungarian Forint, Polish Zloty, Czech Koruna, Norwegian...
Global index provider included UAE as a Secondary Emerging market
Global index provider, FTSE Group (â€FTSEâ€) has completed its annual review of country classification for the FTSE Global Equity Index Series (GEIS) and releases...
State Bank of India launches Corporate Banking Services from DIFC
Global Fortune 500-listed State Bank of India (SBI), has started providing a complete range of banking services from its base in the Dubai International...
Dubai Financial Market in Final Stages of Launching New Trading Platform...
Dubai Financial Market (DFM) announced today that it's in the final stages of launching the new state of the art trading system "X- Stream",...
Dubai’s Sovereign Wealth Fund Istithmar World is halting investments
On Friday, Bloomberg said Istithmar World is freezing investments as part of a restructuring process that may result in sale of the fund or...
Barclays Capital launches enhanced FX Algorithmic Trading
Barclays Capital Launches Enhanced FX Algorithmic Trading
Barclays Capital, the investment banking division of Barclays Bank PLC, today announced the launch of PowerFill+, a...
Equities trading volumes on NASDAQ Dubai rose to 175 mn shares...
Equities trading volumes on NASDAQ Dubai rose to 175 million shares in August 2009, up 80% from 97 million reported in August 2008.
The increase...
DED and Commercial Bank of Dubai sign agreement to facilitate electronic...
The Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option...
Central Bank reduces interest rate on liquidity support facilities to 1.5%
H.E. Khalil Mohamed Sharif Foulathi, Chairman of the Board of Directors of the Central Bank of UAE, announced today that, with effect from Tuesday,...
Morgan Stanley becomes approved applicant for Dubai Gold Securities
Dubai Gold Securities LLP today announced that it had accepted Morgan Stanley as an Approved Applicant in connection with the ongoing offering on NASDAQ...
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...
DIFC Authority releases updated version of ‘Guide to Islamic Finance’
As debt-based conventional banking faces troubled times, asset-backed Islamic finance is becoming popular in world's financial capitals
The Dubai International Financial Centre Authority today announced...