Foreign investors purchase AED 728.7 million worth of shares on DFM...
Value of shares bought by institutional investors reaches AED 354.5 million during last week, and value of shares sold reached AED 455.1...
Six banks control 60 pc of assets in UAE
Emirates NBD alone holds 20pc
Six large banks in the UAE control close to 60 per cent of the total assets held by the country's...
Abu Dhabi Finance established
Abu Dhabi's five largest companies: Mubadala Development, Abu Dhabi Commercial Bank, Aldar Properties, Sorouh Real Estate and the Tourism Development and Investment Company, will...
UAE Real Estate Bank established
New entity to provide strong growth platform for real estate financing
Combined entity will be Sharia-compliant
UAE Ministry of Finance has announced that it started...
Foreign investors purchase AED 1.131 billion worth of shares on DFM...
Value of shares bought by institutional investors reaches AED 455.6 million during last week, and value of shares sold reached AED 558.5 million.
Dubai: Dubai...
DIFX rebranded NASDAQ Dubai
The Dubai International Financial Exchange (DIFX) has rebranded its market as NASDAQ Dubai DIFX, effective today.
NASDAQ OMX Group (Nasdaq:NDAQ), the world's largest exchange...
Kuwait Stock Exchange to resume trading on Monday, 17th November
The court in Kuwait ruled today that the Kuwait Stock Exchange should resume trading on Monday.
On November 13, in unprecedental ruling the court ordered...
Foreign investors purchase Dh 1.053 billion worth of shares on DFM...
Dubai Financial Market (DFM) announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (09 November...
Financial Stability Unit established by the Central Bank
According Zawya Dow Jones and Emirates Business 24/7, UAE's Central Bank has set up a new task force to help the country’s financial industry...
Mortgage Glossary
MORTGAGE
A written document, in the form of a temporary conditional contract, taken by a lender as security for the repayment of a loan.
PRE-APPROVAL
A commitment...
Kuwait Stock Exchange suspended trading until November 17
The Kuwait Stock Exchange suspended trading after a court ordered its closure to protect investors from further losses, reported Bloomberg.com. The bourse's main...
UAE set to issue banking credit law
The UAE is on the process of issuing a new banking credit law, Minister of Economy HE Sultan Al Mansouri revealed today according the...
G20 and new US Administration critical for Leadership on finance Reform
1. Next week’s G20 summit and the election of Barack Obama offer fresh opportunities for leadership in reshaping the international financial architecture
2. As the...
Foreign investors purchase AED 1.156 billion worth of shares on DFM...
Value of shares bought by institutional investors reaches AED 719.9 million during last week, and value of shares sold reached AED 871.9 million
Dubai Financial...
UAE Banks will continue financing the economic sector
Obaid Humaid Al Tayer, State Minister for Financial Affairs, has directed the banks to continue financing basic economic sectors, in order to help sustain...
Emaar extends the time for mortgage repayments
Customers of Emaar Properties have been given a breather in terms of extending the time for repayment of mortgages, a senior official of the...
Finance ministry begins disbursing 2nd tranche of Government support to banks
UAE Ministry of Finance announced that after its completion of paying the first tranche of the Banking Support facility declared by the Government,...
DIFC issues Consultation Paper on Payment Systems Settlement Finality Law
The Dubai International Financial Centre (DIFC) issued a consultation paper on a Payment Systems Settlement Finality (PSSF) law that will help pave the way...