Finance

Finance

Global Markets Roundup

Bank of China posts 59% 4Q profit drop; Goldman plans to repay TARP money quickly; U.K. Inflation up 3.2% in February; Major Exchanges want...

Dubai stocks rised 2.08% in the last session of Ramadan

Turnover exceeds AED 1.5 bl Foreign investors net DFM buyers by AED 189.01 mln Dubai Financial Market General Index (DFMGI) finished the last session of Ramadan...

Frontier Markets No Riskier than Emerging Markets

Some of the world's most rapidly expanding economies fall into what is popularly referred to as the Frontier markets.

Has The Stock Market bottomed out?

Definitely, this is a ''Big Question'' and if you know the answer, you may be well ahead of the game. Investors and analysts alike are...

GCC Equity Markets Review

Developments in Dubai have shaped the GCC market sentiment driving all regional indices to report gains during September. Dubai World creditors’ agreement,...

Sovereign Wealth Funds allocate new assets to private equity

20% of Sovereign Wealth Fund new assets allocated to private equity Property and infrastructure are not the big SWF ‘alternative investment’ story Major sovereign governments and...

Hedge Funds Extend Record Asset Total for 4th Consecutive Quarter

Total hedge fund assets surpass $2.4 trillion, led by credit-sensitive Event Driven strategies; Number of hedge funds surpasses 10,000 for first time since 2006 Total capital...

Regional Markets Expected to Trade Lower

Negative performance in the second week of March for six out of the eight major indices with Egypt increasing by a solid 4.4% Weakness prevailed...

First Internet IPO on DFM

After the eruption of the financial crises of 2008, it is no secret for people in business circles, that investors (both retail and institutional)...

Fresh EU concerns prompt move to ‘Risk Off’

Growth Expectations Ease While Prospects of QE Return Investors have scaled back both risk-taking and their expectations for global growth after concerns about European Union...

The biggest one-day jump since 2004 for DFM

The Dubai Financial Market jumped 10.76% on Tuesday, gaining 359.78 points to close on 3,703. The day's big gainers included Emaar, which rose 14.92%,...

Global Takaful market to reach US$25 Bn in 2015

Ernst & Young was recently named Best Advisory Firm at the International Takaful Summit 2011 in London Global Takaful contributions are expected to touch...

Dubai’s debt insurance costs jumped to 627 bps today

The CDS were quoted at 627 bps by 1345 GMT, a rise of 43 bps since Thursday's close. This means it costs over $600,000...

Aman records 326 % profit increase in Q3 of 2009

Focus on quality of ‘business on the books’ leads to higher profits throughout 2009 Dubai Islamic Insurance and Reinsurance Company (Aman) says it that...

Fund manager survey shows growing belief in Global economy despite slump...

The global economic outlook remains positive in spite of a sharp deterioration in investor sentiment towards and within Europe, according to the BofA Merrill...

Dubai Business Confidence Index rose 4.9 points

Domestic investments, boosted by preparations for the Expo 2020, along with the tourism and retail sectors continued to prop up business sentiments in Dubai...

Online Trading Academy participates in 5th Middle East Forex Trading Expo...

Learn about the latest tools and techniques in the Forex Market Online Trading Academy will participate in the 5th Middle East Forex Trading Expo and...

Risk return would aid gold prices spike

Asian and European markets are on the decline on Monday in response to a negative news flow from across the continents. The US House of...

Emirates NBD unveils largest illuminated National Flag in UAE

Emirates NBD, a leading bank in the region, announced today that it is celebrating the 40th UAE National Day by integrating the “Spirit of the Union” theme across a range of activities

MENA Equity markets on track for sustained growth

Sustained economic growth expected in GCC economies backed by high oil prices and government spending on infrastructure Saudi Arabia GDP growth for 2011 upgraded while...

‘Why Dubai’ study to update investors worldwide

Dubai FDI, the foreign investment office of the Department of Economic Development (DED), has published an updated study on the distinguishing features that enables...

Dubai Bank signs strategic alliance with SALAMA for Takaful products

1. Wide range of Takaful plans available to Dubai Bank customers 2. Supports customers in addressing education, retirement planning and other short and long-term goals Expanding...

Abraaj Capital to establish SAR 2 Billion Saudi investment platform

Announcement made by Abraaj Capital and SAGIA on sidelines of Global Competitiveness Forum in Riyadh Abraaj Capital is largest Private Equity firm outside North...

Dubai shares up 0.84%

Foreign investors net DFM sellers by AED 46.28 mln Dubai Financial Market General Index (DFMGI) ended Tuesday’s session with a slight rise of...