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Dubai eGovernment’s ePay generates AED 1.7 billion in H1, 2011

There is an increase of 55 percent in amounts collected through Dubai eGovernment's ePay payment gateway in the first half of 2011 compared to...

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....

DFMGI lost 1.16%

Dubai Financial Market General Index (DFMGI) ended in the negative territory for the fifth consecutive session. It lost as much as 1.16% (17.89 points)...

DFMGI dropped 0.71%

Dubai Financial Market General Index (DFMGI) dropped 0.71%, or 11.5 points, to 1618.23, snapping yesterday’s uptrend. The index hit session peak and low at 1631.57...

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...

Retailers to stop charging surcharge on credit card usage from July...

His Excellency Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the Supreme Committee for Consumer Protection, has instructed retailers to stop...

Emirates Securities Markets to implement DVP from April 28

The Emirates Securities and commodities Authority (SCA) has announced that stock markets in the UAE will start operating the Delivery Versus Payment (DVP) service...

DGCX 2011 annual volumes rise 110%

Annual volumes for 2011 on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception.

DGCX volumes cross two million mark in 2011

76% increase on YTD volume compared to 2010 The Dubai Gold and Commodities Exchange (DGCX) today announced that its year-to-date (YTD) volumes surpassed the two...

Sukuk Market Recovery Expected in 2011 – 12

Analysts predict that now is a pivotal time for the global Islamic finance industry as sukuks are expected to grow in importance on the...

DFMGI rose 0.99%

Dubai Financial Market General Index (DFMGI) ended today’s session in the positive territory. It added as much as 0.99%, or 15.5 pts to 1578.08,...

Central Bank reduces interest rate on liquidity support facilities to 1.5%

H.E. Khalil Mohamed Sharif Foulathi, Chairman of the Board of Directors of the Central Bank of UAE, announced today that, with effect from Tuesday,...

Spotlight on prepaid; up to 60% of payments globally will be...

VRL Financial News conference puts the spotlight on the Middle East prepaid cards market UAE’s prepaid spending expected to reach $18bn by 2015 and...

DFM announced it will apply three decimal Tick Size system on...

Dubai Financial Market (DFM) announced today it will apply the three decimal Tick Size system only on securities with a market value below AED...

Dubai Financial Market investor base up 26.48% to 535,563 investor in...

The Dubai Financial Market (DFM), the first regional exchange to go public and the leading Islamic financial market globally, revealed that numbers of investors...

Global Recession Roundup

Deutsche Bank drops $6.3 Billion in 4Q; Work on world’s tallest building delayed; Nortel files for bankruptcy protection; Lehman out of Chap. 11 in...

Global Investments Roundup

Exxon profit spills 58%; Motorola posts loss, bleeding cash; FTSE 100 moves 8.1% in April; South Africa cuts interest rate to 8.5%; Flu scare...

Global Investments Roundup

Oil slips 5.4%; India widens Satyam fraud probe; Kirin expanding beverage empire; Citigroup reaffirms commitment to Japan; Italian car maker eyes Chrysler stake; Costa...