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None of DEWA’s borrowers are in default

Dubai Electricity '&' Water Authority (DEWA) would like to make the following announcement for the benefit of the public in view of the diverse...

Investment Dar reaches Majority Agreement on Standstill

Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating...

Barclays Capital launches enhanced FX Algorithmic Trading

Barclays Capital Launches Enhanced FX Algorithmic Trading Barclays Capital, the investment banking division of Barclays Bank PLC, today announced the launch of PowerFill+, a...

Morgan Stanley becomes approved applicant for Dubai Gold Securities

Dubai Gold Securities LLP today announced that it had accepted Morgan Stanley as an Approved Applicant in connection with the ongoing offering on NASDAQ...

“A good performance for the Gulf Premier Fund and the Gulf...

Talal Al-Tawari, Head of GCC Equities Division at Gulf Investment Corporation has said that "the Gulf Premier Fund", the first of its kind in...

Global Investments Roundup

BofA fast tracks TARP Payback; Brazil unemployment reverses in April; Taiwan GDP falls 10.24%; Dollar swoons against Euro, Yen; GM and UAW reach tentative...

State Audit Institution introduces new practices to enforce accountability in...

The UAE Government is committed to improving standards of accountability, according to the head of the UAE State Audit Institution. This month will see the...

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...

Istithmar World Investment Management (Dubai) Limited to operate from DIFC as...

To focus on private equity and alternative investment opportunities Istithmar World, the investment arm of Dubai World,  today announced that its investment management entity, Istithmar...

Finance House subsidiary to launch Fund to finance UAE private sector...

Finance House, through its DIFC-registered subsidiary, FH Capital Ltd, today announced that it intends to launch the FH Special Opportunities Fund (SOF), with a...

Islamic Finance news Awards Ceremony and Dinner

The Islamic Finance news Awards 2008 Ceremony and Dinner will be held at the Al Ameera Ballroom, Grand Hyatt Dubai on the 3rd March...

Dubai Holding consolidates its property companies and financial arms

Dubai Holding, one of the Dubai’s largest business conglomerates, said it was consolidating the back-office operations of its property companies and two of its...

Land Department to help investors rescheduling payments for properties

According an article in the Emirates Business, investors facing cash-flow difficulties can approach the Dubai Land Department for rescheduling payments for their properties. The goal...

The Offshore Investment Conference returns to Dubai

Following on from the success of last year’s event, The Grosvenor House Hotel, West Marina Beach, Dubai will once again be welcoming many of...

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...

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...

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...