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Sunday, November 19, 2017

Finance

Finance

Dubai, Abu Dhabi Among Top Global Financial Centers

The growth of Asian economies is fuelling the importance of Asian financial centers such as Hong Kong, Singapore, and Tokyo. Although Dubai and Abu...

Corporate Fraud and Bribery Briefings

Ernst & Young has organized Corporate Fraud & Bribery Update briefings in Abu Dhabi and Dubai, attended by senior corporate officers. The briefings aimed...

Correlation between UAE’s and global equity markets remains positive

Average correlation of  Abu Dhabi and Dubai markets with the global markets remains positive during the years of a financial downturn. The UAE equity markets...

Emirates NBD to utilize services of Fitch Ratings, Moody’s, Capital Intelligence

Emirates NBD discontinues use of S'&'P Ratings Emirates NBD announced today...

Moody’s plans to downgrade debt ratings of 12 GCC banks

Moody's Investors Service has today placed on review for possible downgrade the subordinated debt ratings of 12 banks in the six Gulf Cooperation Council...

Al Etihad Credit Bureau begins to issue credit reports to individuals...

Al Etihad Credit Bureau (AECB), the federal government company mandated to implement and operate a credit reporting system across the UAE, has begun to...

DFM inaugurates Annual Stock Game for Students

Dubai Financial Market, DFM, today inaugurated its Annual Stock Game with the participation of 5,723 students from schools and universities in the UAE and...

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...

Why Opt for Property Management in Dubai

Full property management in Dubai is lately considered as the ideal choice for first time investors or those who live in other cities, or...

Opportunity for financial service providers: Reverse Mortgage

A popular and commonly used financial facility in the United States and Europe, with unexplored yet potential in the Middle East, is the Reverse...

Dubai Islamic Insurance & Reinsurance Co. (Aman) ‘BBB’ Ratings Assigned

Dubai Islamic Insurance and Reinsurance Company (Aman) has announced that its Credit Rating within Standard & Poor’s Ratings Services has increased reflecting Aman's good...

DIB signs AED 790 million financing deal with Kuwaiti company Kharafi...

Emphasises DIB’s leadership position in supporting major strategic projects in energy sector Dubai Islamic Bank (DIB) announced today that it has successfully ...

Emirates NBD named Asia’s Best Brand at 2011 CMO Asia Awards

Award recognises mind, market and commitment share of Emirates NBD brand among consumers Highlights achievement of Emirates NBD’s international expansion strategy Emirates NBD, a leading bank...

Dubai Financial Market records net profit of AED 8 Million in...

Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2011. The company recorded a net profit of AED...

Mashreq’s Q3 net profit falls by 42%

Mashreqbank, Dubai's second-largest lender by market value, made a third-quarter profit of AED201 million ($54.72m), a 42 percent drop from a year earlier, after...

Advocating a rally in gold and silver prices

Financial markets across the globe concluded the first trading week of the year deeply in the red zone. The volatility that took place will...

Daily Forex Analysis

The euro rose to a four-month high against the U.S. dollar on Monday, on steady buying by Middle East accounts. It also appears to...

Oil prices whipsaw as regional markets weigh macroeconomic conditions

Oil declines to $50 a barrel after news on Russia’s no deal with OPEC After the major OPEC news last week, oil reacted positively and...

The next crisis: Credit Card Debt

Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...

Foreign Funds Will Flow Back to Emerging Markets

Foreign funds will flow back to emerging markets as there is no indication of an interest rate hike in the near term. Emerging-market stocks rose...

Dubai Mercantile Exchange sets new records in July

The Dubai Mercantile Exchange Limited (DME) announced today that it set two new trading records during the month of July 2011. The exchange not...

Private Equity deals on the rise in 2012 in Middle East

Private Equity Investors vie for opportunities in defensive sectors Middle East private equity investors are increasingly seeking opportunities in defensive sectors, according to Deloitte. Education,...

BofA Merrill Lynch Fund Manager Survey finds sentiment moving against...

Investors expressing preference for corporate over sovereign risk Investors have recovered their bullishness towards equity markets but are shifting their focus away...

Dubai Islamic Bank raises its shareholding in Tamweel to 57.33%

With the full support of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,...