MENA Private Equity Association launches Online Directory
The MENA Private Equity Association has today launched a free directory aimed at entrepreneurs and businesses looking for venture capital funding. Over 50 VC...
Lloyds TSB Middle East announces third Undergraduate Programme for UAE nationals
Lloyds TSB Middle East, part of one of the world’s largest banking groups, today announced the launch of the third annual Undergraduate...
Investment Strategies – Sovereign Wealth Funds back in play
Analysis and Discussion with Jan Randolph of IHS Global Insight
Inflation or Deflation
The biggest risk to economies around the world in 2010 is a growth double dip. Further out, investors remain rightly concerned about hedging tail...
One More Bank Cuts Gold Price Forecast
On Wednesday, Societe Generale revised on the downside its 2013 gold price forecast and respectively silver among precious metals. Among the base metals, the...
UAE amends terms for key lending facility
The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the...
Opportunity to develop local asset-management industry
The accumulated assets of a UAE pensions system would probably run into hundreds of billions of dollars, granting a significant opportunity to develop a local asset-management industry.
DED and Mashreq sign agreement to facilitate electronic payment of trade...
The Dubai Department of Economic Development (DED) and Mashreq have signed a co-operation agreement to facilitate the electronic payment of trade licenses fees. The...
Dubai Gold and Commodities Exchange extends trading hours
Exchange will open 30 minutes before Indian exchange traded currency derivatives markets
DGCX participants will have 30 minutes of trading time overlap with the Asian...
DED launches 14 new business activities to promote investment in local...
Activities added will contribute to new investment opportunities, innovations in agriculture and food security, says HE Mariam Bint Mohammed Saeed Hareb Al Mehairi
...
Meltdown turns spotlight on Islamic finance
The failure of major investment and commercial banks that helped trigger the global recession has led some experts to look for other ways of...
Emaar Properties Launches $500M 5.5-Yr Sukuk; 8.5% Pft Rate
Emaar Properties launches a benchmark dollar-denominated bond as part its $2 billion Islamic bond program.
Benchmark bonds are typically at least $500 million in size.
Market...
UAE financial markets to close on Thursday
Securities and Commodities Authority(SCA) has announced that the financial markets nationwide will close on Thursday, Nov. 15, and resume transactions on Sunday, Nov. 18,...
Oil Producing Countries Bullish on Oil Price
Traders said Japan would continue to be closely watched by financial markets at least for the next few days, because of Japan's nuclear emergency...
Emirates NBD to increase Foreign Ownership Limit to 40%
Emirates NBD Bank, Emirates NBD, today announced its intention to increase Foreign Ownership Limit, FOL, to 40 percent in the future, and will seek...
Emaar’s new US$ 1 billion financing facility – Testament to financial...
Emaar Properties PJSC has signed a new Islamic and Conventional financing facility amounting to AED 3.6 billion (approx. US$ 1 billion) with Dubai Islamic Bank PJSC, National Bank of Abu Dhabi and Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners.
Moody’s new UAE Banking System Outlook negative
The fundamental credit outlook for the banking sector of the United Arab Emirates (UAE) is negative, reflecting growing pressures in the operating environment, which...
Cryptocurrencies, Blockchain Are a Rerun of The Dotcom Mania
A new Technology Quarterly report from The Economist published in the September edition examines blockchain and cryptocurrencies. Tim Cross, The Economist’s science correspondent, takes...