Loan losses of Gulf banks to drop, according Fitch

Fitch Ratings has said that banks in the GCC region are likely to report lower loan and investment losses in 2011 because impairments have...

DFM benchmark slides 0.32%

Dubai Financial Market General Index (DFMGI) extended its losing streak for the third straight day. It inched down 0.32% with a loss of approx....

Dubai benchmark nears 1600 pts

Dubai Financial Market General Index (DFMGI) shut today’s session with a remarkable retreat of 0.60%, or 10 points to 1609.22. It opened with a...

Interest Rate Differentials Trigger Dollar Selling

The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The...

Emaar hires banks to arrange meetings with investors ahead of bond...

Emaar Properties PJSC said it hired banks to arrange meetings with fixed-income investors ahead of a planned bond issue. The Dubai government-controlled company asked HSBC...

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...

EUR Dives from Investor Pessimism

The euro's downturn against its rivals yesterday was brought on at the start of this week's trading by reduced optimism regarding the EU rescue...

Dubai stocks rebound 0.53%

Dubai Financial Market General Index (DFMGI) ended in the positive territory, adding 0.53%, or approx. 8 points. It opened in the red then hit...

Dubai shares swept away 1.5%

Dubai Financial Market General Index (DFMGI) shut today’s session with a remarkable retreat of 1.5%, or 24 points. It opened with a downturn, then...

Dubai benchmark slips 0.18%

Dubai Financial Market General Index (DFMGI) was barely changed in the last trading session this week, easing off 0.18%, or 3 points. The index opened...

Goldman Sachs finalizes ADX-DFM merger study

Goldman Sachs has completed a study on the merger of Dubai Financial market (DFM) and Abu Dhabi Securities Exchange (ADX), Al Bayan newspaper reported. The...