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Emaar extends the time for mortgage repayments

Customers of Emaar Properties have been given a breather in terms of extending the time for repayment of mortgages, a senior official of the...

Finance ministry begins disbursing 2nd tranche of Government support to banks

UAE Ministry of Finance announced that after its completion of paying the first tranche of the Banking Support facility declared by the Government,...

DIFC issues Consultation Paper on Payment Systems Settlement Finality Law

The Dubai International Financial Centre (DIFC) issued a consultation paper on a Payment Systems Settlement Finality (PSSF) law that will help pave the way...

Foreign investors purchase AED 1.392 billion worth of shares on DFM...

Value of shares bought by institutional investors reaches AED 689.4 million during last week, and value of shares sold reached AED 1.135 billion Dubai Financial...

Stocks of great quality are trading at ridiculously low prices

Believe it or not, the battered markets are creating amazing opportunities. Right now, you can make back thousands of dollars - if you have the...

DFM and Citibank sign custody agreement

Dubai Financial Market (DFM) today signed a Depository Participant Agreement (DPA) with Citibank. The agreement will enable Citibank to provide custody of DFM-listed securities...

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...

Financial Crisis for real

Warren Buffet's tenet: "Be fearful when others are greedy... (and vice versa)" While many will say that the Middle East shouldn’t pretend its not happening,...

Sovereign Wealth Funds could invest as much as $725b in real...

Sovereign Wealth Funds could, potentially, invest as much as $725 billion over the next seven years, states a new report by CB Richard...

Have you heard that secondary mortgages are temporary suspended?

"Dubai Bank today suspended all approvals of mortgages for secondary market purchases. Until further notice they will only lend for off plan developments. Several...

UAE takes preventive measures to face global financial crisis

President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid...

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...

National Bonds offers a chance to win Hajj and Umrah packages

National Bonds, the Sharia-compliant national savings scheme of the UAE, is offering a true gift of tradition and spirituality this Ramadan season, by providing...

UAE banks have no exposure to Lehman’s fall-out

The UAE banks have virtually no exposure to Lehman Brothers and that there was no systemic risk in the UAE as a result of...

International Compliance Association sets up office in DIFC

To offer certificated programmes in Compliance, Anti-Money Laundering (AML) and Financial Crime Prevention awarded in association with University of Manchester Business School To develop best...

Emaar Properties announces share buyback programme

Emaar Properties, PJSC, one of the world’s leading property developers, announced today that it will proceed with the implementation of a share buyback programme....

Better day for DFM

The Dubai Financial Market General Index rose 0.9 per cent to 4,511.25 at 12:55 pm, rebounding from its lowest close since October 8. Dubai shares...

Foreigners bought $281.1m shares on DFM last week

Dubai Financial Market said on Friday that the value of shares bought by foreign investors, or non-UAE nationals, during the week  August 31 to...