Wednesday, April 25, 2018

Finance

Finance

Funding Dubai SMEs: Challenges and Opportunities

Small and medium-sized enterprises (SMEs) play an important role in the UAE’s economy and contribute substantially to income, output and employment. Acknowledging the importance of...

GCC markets ended 2015 in red zone due to volatile oil...

Trading activities fell due to negative sentiments over the region Market capitalization declined 11.4%YoY in 2015 GCC markets close lower in 2015 GCC markets closed lower in...

Investment Dar reaches Majority Agreement on Standstill

Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating...

Real Capital Analytics Property Investment Trend Data on Bloomberg

Commercial real estate research firm Real Capital Analytics (“RCA”) announced that its domestic and international property transaction data is now on the Bloomberg Professional®...

Lack of Catalysts Dominated Trading Activities across Regional Markets

Lack of catalysts coupled with the summer lull and the approaching Eid break dominated trading activities across the regional markets. Along with the end...

Mutual Funds of ADCB and NBAD at its lowest

Once very profitable investment, mutual funds of UAE-based National Bank of Abu Dhabi (NBAD) and Abu Dhabi Commercial Bank (ADCB) are now a...

Dubai stocks fall 0.95% on Thursday

Foreign investors net DFM sellers by AED 64.42 mln Dubai Financial Market General Index (DFMGI) ended Thursday's trading on a down note, losing 0.95%, or...

UAE banks have no exposure to Lehman’s fall-out

The UAE banks have virtually no exposure to Lehman Brothers and that there was no systemic risk in the UAE as a result of...

UAE bourse emerges star Arab performer

The UAE bourses emerged as the star performers in the Arab world in the first few weeks of 2013, with the markets of Abu...

Istithmar World Capital defaulted on mortgage on New York’s Hotel

Istithmar World Capital, the investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel site in Times...

Executive Regulation of Federal Law on Tax Procedures Released

The UAE Ministry of Finance has release the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Tax Procedures, approved by the...

FAB Wealth Sentiment Index down 1.3% in July

Index score decreases from 1054.52 in June, to 1040.66 in July 2017 First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the...

GCC and MENA markets followed global markets decline

Like the rest of the GCC and MENA markets, UAE stock markets ended on a negative note for the third session in a row...

Nomura Goes Live with smartTrade Technologies Liquidity Management System

smartTrade Technologies, an industry leader in cross-asset liquidity management software (LMS) for banks, broker-dealers, asset managers, and large hedge funds today announced one of...

Global Institutional Investors’ Average Target Allocation to Real Estate Increases

The real estate asset class continues to experience growth in institutional capital allocations. In fact, 2017 represents an important milestone in this regard according...

None of DEWA’s borrowers are in default

Dubai Electricity '&' Water Authority (DEWA) would like to make the following announcement for the benefit of the public in view of the diverse...

Abraaj Capital highlights success of Ramky Infrastructure Limited IPO

Abraaj Capital, the biggest private equity group in the Middle East, North Africa and South Asia (MENASA) region, highlighted today the successful initial public...

Abu Dhabi to dual list its bonds on ADX

The Department of Finance announced it will be registering Abu Dhabi’s bonds for secondary listing on the Abu Dhabi Securities Exchange.

GoldMoney Completes “GoldMoney Standard” Testing

GoldMoney, one of the world’s largest providers of physical bullion for investors, has completed testing of all the gold bars stored for customers in...

Global commercial real estate investment volumes decline by 8%, report

Global commercial real estate investment volumes at US$96bn in Q3 2012 Strong performance in major global property investment markets continues despite 8% total volume decline...

UAE Central Bank kicks off Direct Debit System

Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...

DFMGI closed the week in the red

Dubai Financial Market General Index (DFMGI) closed out the week in the red, bucking a 2-session uptrend. The gauge inched down 0.73%, or 11.69 pts,...

Global Award for Brand Leadership in Banking and Financial Services

Emirates NBD announced today, that it has won the 2011 Global Award for “Brand Leadership in Banking and Financial Services.”

Gold Prices in Recovery Mode

Gold prices climbed for a third session in a row last Friday. This rise on the back of declining U.S. dollar and recent weakness...