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SCA Board changes brokers’ regulation

Following a Cabinet approval of the new board set-up, the reconstituted board of the Emirates Securities and Commodities Authority (SCA) has held its first...

Dubai World’s approval from creditors to change terms of debt to...

According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely...

Investor confidence in Dubai as hub for FDI in Middle East...

The Foreign Investment Office (FIO), an agency of the Dubai Department of Economic Development (DED), has commissioned an in-depth special study to further enhance...

SCA launches a new service for iPhone and iPad users

As part of its efforts to improve the e-services rendered to investors, dealers, partners and researchers, the Emirates Securities and Commodities Authority (SCA) announced...

GFH announces the appointment of executive Chairman and new capital program

Gulf Finance House B.S.C. (GFH) today announced the appointment of Esam Janahi as Executive Chairman and the launch of a new capital program. Following...

Corporate and personal tax rate in Bulgaria likely to remain at...

Bulgaria is becoming more and more attractive destination for foreign business owners and individuals to take advantage of the low corporate profit and individual...

Bahrain Financial Harbour repays US$134M Sukuk facility

Bahrain Financial Harbour Holding Company B.S.C. (c) (“BFHHC”), whose owners, Emar Bahrain (“Emar”), agreed to purchase Gulf Finance House’s (“GFH”) 49.88% investment in BFHHC...

Western Union Commits $100,000 to Flood Relief Efforts in Pakistan

To help the victims of Pakistan’s natural disaster of heavy rains and flooding affecting upwards of 14 million people, The Western Union Company (NYSE:WU),...

Emirates Islamic Bank launches Ramadan Promotion

Emirates Islamic Bank get into the spirit of Ramadan by launching INTALEQ (Vehicle Finance) Promotion. This new Sharia-compliant vehicle finance promotion will run until...

INVESCO launches Offshore Latin American Equity Fund

Invesco today announced the launch of a new fund, the Invesco Latin American Equity Fund, available to offshore investors and managed by award winning...

Dubai Mercantile Exchange achieves new records in open interest and physical...

The Dubai Mercantile Exchange (DME) announced today that two new trading records were set in July 2010 as the exchange entered its fourth year...

United Arab Bank Launches Islamic Credit Card

United Arab Bank (UAB) announces the launch of its first global Islamic Credit Card with a distinctive vertical design that makes it unique to...

Dubai Investments Q2 profit falls 32 pct

Dubai Investments PJSC (“DI”), the largest investment company listed on the Dubai Financial Market, today announced its financial results for the six-month period ended...

Credit Suisse downgrads Dubai Financial Market

Credit Suisse has downgraded Dubai Financial Market’s rating to Neutral from Outperform while slashing its target price to from Dh2.20 to Dh1.40,...

National Bonds sales up 5%

National Bonds Corporation achieved sales of more than Dh1 billion in the first half of 2010. The total number of customers reached more...

Bank Stress Tests fail support the Euro due to questionable reliability

EUR/USD Last week's trading has led to a doji candlestick formation on the weekly chart indicating a potential reversal lower for the pair....

Evolvence Capital launches third India focused fund at USD 400 million

Dubai-based alternative investment firm reiterates commitment to continued growth in India Evolvence India Fund II to focus on diversified...

BFX Welcomes Italian Ambassador

The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, yesterday welcomed His...