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UAE Banking Sector grew 66 percent in Q1 of 2011

In the first quarter of 2011, profitability has increased in the banking sector in all GCC countries, according to data released by Global Investment...

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 Financial Market General Index down 1.22%

Foreign investors net DFM buyers by AED 12.82 mln Dubai Financial Market General Index (DFMGI) ended Wednesday’s session with a remarkable drop of...

Leading Dubai-based conglomerate to launch an IPO

Dubai-based conglomerate Al Habtoor Group is considering to launch an IPO (initial public offering) in Dubai given strengthening equity markets, the company said in a...

Dubai Investments unveiled mixed-use project Mirdiff Hills

Part developer of some of the most popu­lar residential communities in town, Dubai Investments has lifted the curtain on Mirdiff Hills, a Dh2 billion...

DIFC Authority releases updated version of ‘Guide to Islamic Finance’

As debt-based conventional banking faces troubled times, asset-backed Islamic finance is becoming popular in world's financial capitals The Dubai International Financial Centre Authority today announced...

Banks offer free air tickets with personal loans

Applies to customers availing personal finance of AED 75,000 and above Includes instalment deferment of up to 60 days, free credit life Takaful insurance and...

Nasdaq Dubai unveils new rules for IPOs and listed firms

Exchange operator Nasdaq Dubai on Tuesday unveiled new rules for initial public offerings and reporting requirements for listed firms as it seeks to boost...

Hedge Funds conclude strong Q1

Gains across Equity, Event & Arbitrage strategies offset Macro declines in March; HFRI Fund Weighted Composite concludes best 1Q since 2006 Hedge funds performance was essentially unchanged...

Gold demand strong; predicted prices around $2000

Gold temporarily succeeded to recover some of the losses from the sizeable sell-off in early May, but fell back late Friday to end the...

Twitter is estimated to be worth $9 billion before IPO

Twitter Inc. was valued at about $9 billion after early employees sold $80 million in shares to a fund managed by BlackRock Inc. This...

Ernst & Young Reports 2011 Global Revenues of US$22.9 Billion

Good growth across all service lines Emerging markets saw combined revenue growth of 20% Headcount at an all time high of 152,000 Ernst & Young today announced...

Changes in MENA Tax laws promote better transparency

According to a panel discussion at the recently concluded Ernst & Young’s Middle East & North Africa Tax Seminar 2011 held in Houston, Texas,...

Emirates NBD wins Financial Sector Technology award for best systems integration...

Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it has won the 2010 Financial Sector...

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...

UAE Stock Markets on a Bullish Run

Since the beginning of 2013 most of the stocks listed on the both UAE stock markets rose. In respect, investors confidence has grown. Now,...

Dubai World silence causes concern

Since the November standstill announcement, little information was released from either Dubai World or the government to reassure investors. Discussions with creditors have been...

DFM Index gained 97.4 pts in 7 sessions

Dubai Financial Market General Index (DFMGI) extended its rally to the seventh straight session, inching up 0.26%, or 4.32 points, to 1652.76. The benchmark...