DFM, ADX indexes outpace GCC markets

GCC markets started 2012 showing mixed trends as Saudi and UAE bourses recorded monthly gains, while Bahrain, Qatar and Oman reported monthly declines at the end of January 2012, an economic report said on Sunday.

The report, by Global Investment House (Global), said the trading activity in GCC region increased as the investors tried to position themselves ahead of the earnings announcement and also take advantage of the low valuation prevailing in the markets. Read more

UAE’s undervalued markets may have bottomed out

• Markets bounce from lows in expanding turnover
• Fund managers see attractive valuations

After drifting lower through most of 2011, the Dubai and Abu Dhabi stock markets hit fresh multi-year lows in January, but analysts now comment that they may finally have bottomed out.

The markets have become extremely undervalued and as of now present good buying opportunities in selective stocks, despite uncertain outlooks for the United Arab Emirates’ real estate market and the global economy. Read more

Abu Dhabi to host 2012 Global Financial Markets Forum

The 2012 Global Financial Markets (GFMF) Forum will kick off on February 29th with a host of high profile speakers who will address the critical market factors in 2012.

“The economic influence of Abu Dhabi and the Gulf Cooperation Council (GCC) continues to rise and this is why NBAD, the Number One Bank in the UAE, organizes the Global Financial Markets Forum to facilitate discussion and debate to aid investors, and create greater awareness about our region,” Mahmoud Al Aradi, the Senior General Manager of NBAD’s Financial Markets Division said. Read more

DGCX 2011 annual volumes rise 110%

• 4,044,138 contracts registered on DGCX in 257 trading days in 2011
• Exchange hits milestone of 10 million contracts on 19 December 2011

Annual volumes for 2011 on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception. The annual volumes represent a value of $185.13 billion. Read more

Emaar’s new US$ 1 billion financing facility – Testament to financial strength

Emaar Properties PJSC has signed a new Islamic and Conventional financing facility amounting to AED 3.6 billion (approx. US$ 1 billion) with Dubai Islamic Bank PJSC, National Bank of Abu Dhabi and Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners. Read more

Private Equities in 2012

The beginning of The End

In 2012 global equities are most likely to under-perform credit and commodities, at least during the first six months. Neither bond bear market, nor equity bull market is possible to be projected in the current economic scenario. Read more

MSCI extends review for reclassification of UAE from frontier status

MSCI, whose stock indexes are tracked by investors with about $3 trillion in assets, announced today it will extend its review for reclassification of the U.A.E. and Qatar from frontier status “in order to give additional time for market participants to assess the effectiveness” of the new payment systems in the exchanges, according to a statement. Read more

NASDAQ Dubai okays UAE brokerage to trade Internationally

Premier financial services group MENA CORP is pleased to announce it received approval to operate as a broker on NASDAQ Dubai, a step that would enable it to trade and clear securities for clients on the region’s international exchange. Read more

Regional financial markets turning greener

Instability in the Arab world and the impact of the euro-zone debt crisis have taken their toll on global and regional markets this year, shaking investor confidence. An exodus of capital from the Middle East has contributed to the Dubai Financial Market General Index losing 15 per cent of its value so far this year. A total of 10 per cent has been shaved off the Abu Dhabi Stock Exchange General Index. Read more

UAE Financial Markets to close on December 1

The UAE’s financial markets, Dubai Financial Market and Abu Dhabi Securities Exchange, will remain closed on Thursday 1 December 2011 in observance of the new Islamic Hijri year 1433 and the UAE’s 40th anniversary of the National Day, the Securities and Commodities Authority (SCA) announced.


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