Traded volume on the Dubai Financial Market (DFM) reached 440 million shares, breaching December’s level of 343 million shares. Union Properties was the main contributor to the traded volume.
( read original story …)
How the UAE, Saudi Arabia are forging closer ties
The Finance and Investment Committee is co-chaired by Obaid bin Humaid Al Tayer, UAE Minister of State for Financial Affairs, and Hamad bin Abdullah Al Jada’an, Saudi Finance Minister. The Energy & …
( read original story …)
Dubai’s biggest bank celebrates listing of $1bn bond
The total value of all conventional bonds listed on Nasdaq Dubai has now reached $18.08 billion. Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD, rang the market-opening …
( read original story …)
Best’s Special Report: UAE Takaful Companies Catching Up with Conventional Peers
In its analysis of the preliminary disclosures of the nationally listed Takaful operators on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), AM Best shows material …
( read original story …)
Dubai regulator in contact with US authorities about Abraaj case
Dubai’s financial services regulator said on Monday that it was in touch with the U.S. Securities and Exchange Commission about the latest case involving collapsed private equity firm Abraaj.
( read original story …)
Dubai financial services authority says investigation into Abraaj is ongoing
DUBAI (Reuters) – Dubai’s financial services authority (DSFA) said on Monday its investigation into collapsed Dubai private equity firm Abraaj Capital Ltd and relevant companies and persons was …
( read original story …)
Azizi Developments partners with Dubai Islamic Bank to provide exclusive home buying solution
Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank commented: As the largest home finance provider in the UAE, we continue to shape the dynamic skyline of the country and provide our customers …
( read original story …)
Now, Dubai-based banks eyed for FOL hike
We now expect markets to keenly follow Dubai based banks raising their FOL such as Dubai Islamic Bank and Emirates NBD, says Chiro Ghosh, Vice-President, Financial Institutions at SICO Bank.
( read original story …)
Managing dramatic changes in GCC banking and finance industry
AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, noted recently that the UAE banking sector was undergoing an unprecedented period of transformation, with a number of dynamic market forces …
( read original story …)
UAE, South Korea renew Dh20b currency swap…
A currency swap is a tool for defending against financial turmoil by allowing a country beset by a liquidity crunch to borrow money from others with its own currency. The UAE is South Korea’s …
( read original story …)
GCC finance ministers meet
The Finance Ministers of Saudi Arabia, United Arab Emirates, Kuwait and Bahrain met on the sidelines of the 2019 Spring Meetings of the World Bank Group and International Monetary Fund yesterday. …
( read original story …)
Moor, Chakabva star as Zimbabwe edge UAE in rain-hit match
A superb fighting partnership of 93 between PJ Moor (45 not out) and Regis Chakabva (78 not out) took Zimbabwe from the brink of defeat to an exciting victory by just four runs (Duckworth-Lewis method …
( read original story …)
Kuwait, Saudi, UAE, Bahrain ministers discuss Bahrain Fiscal Balance Program
The officials included Saudi Arabia’s Finance Minister Mohammed Al-Jadaan, UAE Sate Minister for Financial Affairs Obaid Al-Tayer and Bahrain’s Minister of Finance and National Economy Sheikh …
( read original story …)
The Network IPO gets 10 times oversubscription
Dubai: Network International’s initial public … According to a report by Mergermarket Network International’s IPO book saw concentrated allocation with the top 10 investors receiving half …
( read original story …)
The Dis-United Arab Emirates
From the outset, the ruling families of the seven UAE states bickered over everything from territory to sharing financial resources. The Nahayan family used its influence to have Abu Dhabi declared …
( read original story …)
UAE- TMS launches Ship Finance and Trade conference
(MENAFN – Dubai PR Network) Dubai, UAE, April 11, 2019: The Maritime Standard, the Dubai-based publisher and events organisers, has announced that the fifth annual The Maritime Standard Ship …
( read original story …)
Dubai’s Al Noor training centre facing financial crisis
Dubai: The success story of three former students of Dubai’s Al Noor Training Centre for Persons with Disabilities recently hit headlines when they did media coverage of the recent Special …
( read original story …)