UAE market regulator will launch draft rules on short-selling
The UAE market regulator SCA will launch draft rules on short-selling "very soon", as a latest step aimed at boosting dwindling trade and helping...
UAE’s Financial Markets to remain closed on Thursday
The Financial Markets in the country will remain closed on Thursday on account of "Al-Mawlid Al-Nabawi", Prophet Mohammed (PBUH) Birthday, the Emirates Securities and...
USD May Turn Bullish Today
Following yesterday's losses, the US dollar has the potential to stage a bullish correction today providing that this week's Unemployment Claims figure comes in...
Dollar Falls as Risk Appetite Rises
The euro gained against the U.S. dollar and Japanese yen in late trading Tuesday as stronger Japanese equities prompted investors to buy back the...
Dollar Rallies on US Employment Data
The dollar was up versus the major currencies following disappointing non-farm payrolls numbers, highlighting the difficulties the Federal Reserve faces in reducing US unemployment.
USD
Non-Farm...
Dubai Mercantile Exchange sets new trading record in January 2011
Momentum built during 2010 continues in the new year
The Dubai Mercantile Exchange Limited (DME) announced today that it set new trading records during the...
Abu Dhabi will host a World Bank office
The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday approved to host the World Bank's office in Abu Dhabi for a...
DFM ready to introduce ‘Delivery versus Payment’
Dubai Financial Market (DFM) has announced its full readiness to introduce the new settlement mechanism “Delivery versus Payment†(DvP) by the end of fisrt...
RBS Coutts furthers NRI initiative in the Middle East with key...
RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group, today announced the appointment of Santosh Keni as Head of...
Dubai Investments Q4 net profit drops 36 percent
Dubai Investments PJSC ("DI"), an investment company with diversified interests in high growth segments, today announced its preliminary unaudited financial results for the year...
Chedid Re wins the 2011 Reinsurance Broker of the Year award
Chedid Re has been named “2011 Reinsurance Broker of the Year†for the second year in a row by the MENA Insurance Awards (previously...
CFA Emirates congratulates new charterholders at Annual Charter award ceremony
Last night the President and Board of CFA Emirates, the association for financial and investment professionals, hosted its annual charterholder ceremony at the Burj...
MENA Weekly Markets Overview
The political turmoil is Egypt has escalated despite measures being taken by the President. Global Investment House of Kuwait expects regional markets to react...
Aabar Investments frequently reviewing its options at Daimler
Aabar is currently "exploring ideas in the petrochemicals sector"
At the sidelines of a presentation of Daimler's new-generation Mercedes-Benz SLK roadster in Stuttgart, Aabar...
Emaar successfully executes first international fixed-income offering of US$500 million
Emaar Properties PJSC ("Emaar"), rated B1/BB, has successfully priced its first international fixed-income offering, raising US$ 500 million via the issuance of trust certificates...
Emaar Properties Launches $500M 5.5-Yr Sukuk; 8.5% Pft Rate
Emaar Properties launches a benchmark dollar-denominated bond as part its $2 billion Islamic bond program.
Benchmark bonds are typically at least $500 million in size.
Market...
Further Bearish Movement Expected for USD Today
The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch...
Euro Reaches Two-Month High Against USD
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as...