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DIFC proposes New Mortgage Model

The proposed Model involves private residential mortgages being funded by the issuance of standardised bonds, creating a large and liquid mortgage bond market.

Real Capital Analytics Property Investment Trend Data on Bloomberg

Commercial real estate research firm Real Capital Analytics (“RCA”) announced that its domestic and international property transaction data is now on the Bloomberg Professional®...

Growth and Profitability Fears after Oil Price Spike

Following the recent oil price spike, investors fear for corporate profitability and global growth, according to the BofA Merrill Lynch Survey of Fund Managers...

DFM Index plunges nearly 2.5%

Dubai Financial Market General Index (DFMGI) has slumped 2.47% till today’s mid-trading, with a loss of 38.27 points to 1474.32. Traders comment that this...

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...

Gulf markets expected to advance during the week

Analysts expect positive week for the Gulf markets, after the Ministerial Council of the Gulf Cooperation Council for the Arab Gulf States decided at...

DIFC Courts introduced fully paperless infrastructure

// DIFC Courts, the Dubai International Financial Centre's (DIFC) independent, common law judicial system, on Wednesday said it introduced a new, groundbreaking, fully paperless...

Standard Chartered holds Ground Breaking Ceremony for its New Dubai Head...

Following excellent financial results for the year 2010, Standard Chartered has held a groundbreaking ceremony to launch the construction of its new office premises...

Crude Oil Trades Near 29-Month High as Middle East Unrest Continues

// As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also...

UAE markets should follow Saudi shares rebound

// Saudi Arabia's index made its largest gain in more than two years today, after the country's finance minister sought to reassure nervous investors. The...

DGCX February volumes rise 17 % year-on-year to reach 210,330 contracts

February volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 17 % year-on-year to reach 210,330 contracts, valued at $10.07 billion. Year-to-date volume...

Bank of Egypt waives charges on remittances in Egyptian Pound from...

All charges against money transfers from UAE to Egypt in Egyptian Pound through the branches of Bank of Egypt in the UAE have been...

Dubai shares slump to 7-year low

Dubai’s benchmark index fell to the lowest in almost seven years, as concern political unrest may spread to Saudi Arabia, the Arab world’s largest...

US Dollar Remains Weak despite Dip in Commodity Prices

This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly...

Unrest in Libya Boosts Crude Oil to $99.90

Last week's most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in...

New system limits personal loans to 20 times a person’s monthly...

UAE Central Bank announced today that it has adopted a new system of bank loans and other services provided to individual clients. The announcement came...

Bloomberg announced launch of a Bloomberg Islamic Finance Platform

Bloomberg Professional® service executives today announced the launch of a Bloomberg Islamic Finance Platform (ISLM), a comprehensive solution designed to increase transparency, better connect...

A wake-up call to UAE exchanges

A wave of mega-mergers between the world's major stock exchanges might persuade policymakers in the United Arab Emirates to push ahead with consolidation of...