Central Bank backs banks operating in UAE
Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the country.
Central Bank...
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...
Dubai lslamic Bank launches new Al Islami Online Banking
1.New system offers array of faster and easier transactions
2.Allows access to over 50 different services
3.New system protected by state-of-art security enhancements
In line with its...
Bank Saudi Fransi builds proactive protection against malicious threats
New IPS strengthens security of BSF’s network and infrastructure running several international and customised banking applications
Banque Saudi Fransi (BSF), a Saudi Arabian full service...
Middle East Credit Reporting Association formed
1. Non-profit voluntary organisation to create awareness and promote credit reporting in region
2. Neutral body to facilitate credit information sharing on companies and individuals...
Emirates Islamic Bank integrates Emcredit services to efficiently manage risk
1. Bank to use Credit Scope to mitigate risk; calls for greater information sharing and increased transparency
2. Joins Emcredit’s growing member base
In a...
Foreign investors purchase AED 2.7 bn worth of shares on DFM...
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (11 Oct..- 15 Oct.)...
International investors attracted by growth prospects in Middle East, says study
1. First Middle East survey on capital markets perceptions and IR practices commissioned by ME-IR Society
2. Thomson Reuters poll of international investors with regional...
Middle East Insurance Summit Sees Growth Potential of up to 400%...
Debo Ajayi: “Summit will encourage debate and dialogue, stimulating innovation and regional products to realise huge untapped market potentialâ€
Summit runs from 11 to 15...
UAE calls for establishing regional stock market/update
The UAE has called for setting up a regional financial market for the Middle East and East Asia to tackle any future financial crisis.
The...
Varengold Adds 15 Currency Pairs
Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG, now offers trading in the South African Rand, Hungarian Forint, Polish Zloty, Czech Koruna, Norwegian...
Global index provider included UAE as a Secondary Emerging market
Global index provider, FTSE Group (â€FTSEâ€) has completed its annual review of country classification for the FTSE Global Equity Index Series (GEIS) and releases...
State Bank of India launches Corporate Banking Services from DIFC
Global Fortune 500-listed State Bank of India (SBI), has started providing a complete range of banking services from its base in the Dubai International...
Dubai Financial Market in Final Stages of Launching New Trading Platform...
Dubai Financial Market (DFM) announced today that it's in the final stages of launching the new state of the art trading system "X- Stream",...
Dubai’s Sovereign Wealth Fund Istithmar World is halting investments
On Friday, Bloomberg said Istithmar World is freezing investments as part of a restructuring process that may result in sale of the fund or...
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...
Equities trading volumes on NASDAQ Dubai rose to 175 mn shares...
Equities trading volumes on NASDAQ Dubai rose to 175 million shares in August 2009, up 80% from 97 million reported in August 2008.
The increase...