UAE takes preventive measures to face global financial crisis

President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid...

DIFC launches real estate investment fund

DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), said it is launching a real estate fund that will invest in...

National Bonds offers a chance to win Hajj and Umrah packages

National Bonds, the Sharia-compliant national savings scheme of the UAE, is offering a true gift of tradition and spirituality this Ramadan season, by providing...

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...

International Compliance Association sets up office in DIFC

To offer certificated programmes in Compliance, Anti-Money Laundering (AML) and Financial Crime Prevention awarded in association with University of Manchester Business School To develop best...

90 per cent of foreign speculative funds withdrawn from the country

The Emirates News Agency WAM reported that the board of directors of Central Bank discussed on Sunday the current position of liquidity at banks,...

Emaar Properties announces share buyback programme

Emaar Properties, PJSC, one of the world’s leading property developers, announced today that it will proceed with the implementation of a share buyback programme....

Better day for DFM

The Dubai Financial Market General Index rose 0.9 per cent to 4,511.25 at 12:55 pm, rebounding from its lowest close since October 8. Dubai shares...

Foreigners bought $281.1m shares on DFM last week

Dubai Financial Market said on Friday that the value of shares bought by foreign investors, or non-UAE nationals, during the week  August 31 to...

Nakheel launches syndicated loan

Nakheel Properties said on Thursday it was launching a 4.4 billion dirham ($1.2 billion) syndicated loan. The facility, which matures in January 2011, includes a...

DAMAC planing IPO

Damac Properties is planing to launch an initial public offering (IPO) of its shares. The listing on the Dubai Financial Market (DFM) will be executed...

DIFC to become hub for Family Offices

New regulations provide platform for setting up family holding companies at DIFC The Dubai International Financial Centre (DIFC) today announced new regulations to encourage family...

New Arbitration Law of DIFC

HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has enacted the new Arbitration...

Money laundering in focus

The first meeting of the Board of Directors of the UAE Central Bank in the current year discussed its strategy and mechanism to combat...

DFM General Index declined

The DFM General Index declined 12.57 points, or 0.26 per cent, and closed at 4,789.81 points. The market could narrow its losses after the...

Sovereign Wealth Funds may change direction of investment flows

Restrictions by the United States and others may lead sovereign wealth funds to invest closer to home instead of in the West, the head...

Hydra Properties signs historic mortgage agreement with NOOR Islamic Bank

The real estate pioneer gives customers options of Sharia compliant financing Hydra Properties, the leading UAE-based international property developer, today announced signing a historic...

Banking on the future

The Emirates National Development Program (ENDP) and HSBC are coming together for an initiative that will, in the coming year, train and develop 200...