Dubai to launch new dollar bond – Statement
The Government of Dubai has hired Deutsche Bank, HSBC, and Standard Chartered to issue a dollar-denominated bond, according the official news agency WAM.
The planned...
MENA IPOs raised approximately US$2b in 2012
Three IPOs raised approximately US$339.8m in Q4 2012
MENA IPOs in 2012 up 134% compared to 2011
KSA’s Dallah Healthcare Holding Company lists on the Saudi...
ACM to Participate in the Middle East Online Trading Summit
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Following numerous clients’ requests, we are pleased to inform you that ACM will be a participant of the Middle East Online Trading...
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...
UAE Residents to Spend 2024 Bonus on Retirement, Real Estate
As the UAE's workforce eagerly anticipates their annual bonuses, a recent survey by market research company YouGov, commissioned by Zurich International Life, part of...
UAE Minister of Economy discusses steps to strengthen bilateral relations with...
His Excellency Sultan Bin Saeed Al Mansouri, the UAE Minister of Economy, and His Excellency Christian Bokhman, the Austrian Minister of Economy and...
EmiratesNBD opens branch in London
UAE Ambassador to the United Kingdom Abdul Rehman Al-Mutawwa opened the new EmiratesNBD Bank.
Emirates Bank and the National Bank of Dubai were merged in...
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...
Central Bank of UAE launches International Bank Account Number
The Central Bank of the UAE today announced the introduction of the International Bank Account Number (IBAN) as a standard for identifying all bank...
What Changed in Swiss Gold Banking?
What the Swiss banks' move away from unallocated accounts says about gold, and about banking...
IMAGINE you could sell someone something, but keep ownership of...
Credit Suisse downgrads Dubai Financial Market
Credit Suisse has downgraded Dubai Financial Market’s rating to Neutral from Outperform while slashing its target price to from Dh2.20 to Dh1.40,...
UAE market regulator will launch draft rules on short-selling
The UAE market regulator SCA will launch draft rules on short-selling "very soon", as a latest step aimed at boosting dwindling trade and helping...
DFM, ADX to close on Thursday
The Securities and Commodities Authority (SCA) has announced the financial markets nationwide will close on Thursday 30th June to mark the anniversary of Isra'a...
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.
Destroying the Young with Permanent Bailouts
The tyranny of banking deposit insurance is leading young people to hate 'the market'...
Why aren't young people protesting against bailouts?
Younger adults are usually pretty...
Barclays Capital Investor Survey Finds Growing Confidence in Euro Area for...
Institutional investors overwhelmingly believe the euro area will be able to avoid a “full-fledged crisis,†according to Barclays Capital’s inaugural Global Macro Survey. More...
BofA revised its gold price forecast for 2013 and 2014
Bank of America Merrill Lynch cut down its gold price forecast for 2013 and 2014. The outlook update was on the back of US...
Facebook stock falls nearly 47% below IPO price
Facebook stock fell to a new low Thursday after the expiration of a ban that had stopped some investors and insiders from dumping millions...