Managing liquidity risk is crucial for UAE banks, say global...
1. Global Association of Risk Professionals hosts Dubai forum
2. Forum hosted By GARP and FRSGlobal in partnership with Emcredit
3. Banks’ collective actions in addressing...
DMCC to host international gold forum in Dubai
1.‘DMCC Gold Convention’ to be held on April 27 at Atlantis, The Palm
2. Gold commands attention with investment demand registering 27 per cent increase...
Istithmar World Investment Management (Dubai) Limited to operate from DIFC as...
To focus on private equity and alternative investment opportunities
Istithmar World, the investment arm of Dubai World, today announced that its investment management entity, Istithmar...
Foreign investors net DFM buyers by AED 16.29 mln
Non-Arab foreign investors bought shares at a net value of approx. AED 58.69 million on Dubai Financial Market (DFM) today, while their sell transactions...
Banks to provide financing to Bloom Gardens project
Three banks in Abu Dhabi have agreed to provide finance to buyers of units at the Dh2 billion Bloom Gardens project, reported Business 24/7.
The...
Foreigners net DFM buyers by AED 5.08 mln
Non-Arab foreign investors bought shares at a net value of approx. AED 21.11 million, while their sell transactions reached about AED 20.02 million, according...
Global Markets Roundup
Bank of China posts 59% 4Q profit drop; Goldman plans to repay TARP money quickly; U.K. Inflation up 3.2% in February; Major Exchanges want...
Emirates NBD to propose capital increase through government tranche
Emirates NBD has announced in a notice to its shareholders regarding its Second Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) which will...
Social Affairs Ministry denies converting Arkan shares to social assistance recipients
The Ministry of Social Affairs denied today it has converted ownership of about 100 million shares of Arkan Building Materials Company to 10,000 recipients...
UAE Central Bank sets up crisis committee with banks
Representatives of the Central Bank of the UAE and major national banks met yesterday to discuss the challenges faced by the UAE banking system...
UAE federal Government to move to 3-year budgets
UAE plans a big makeover with regard to its federal budget, like releasing budgets every three years instead of yearly one at present and...
UAE financial markets close for holiday on Sunday
The UAE financial markets will close on Sunday March 8 to mark the anniversary of Prophet Mohammed (PBUH) birthday, a statement issued today by...
Finance House subsidiary to launch Fund to finance UAE private sector...
Finance House, through its DIFC-registered subsidiary, FH Capital Ltd, today announced that it intends to launch the FH Special Opportunities Fund (SOF), with a...
The next crisis: Credit Card Debt
Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...
Islamic Finance news Awards Ceremony and Dinner
The Islamic Finance news Awards 2008 Ceremony and Dinner will be held at the Al Ameera Ballroom, Grand Hyatt Dubai on the 3rd March...
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...
DFM Weekly Roundup
Throughout the week, the Dubai Financial Market General Index increased by 6.12%, gaining a total of 92.38 points tto close at 1 601.24 points,...
Liquidity stable in UAE banks
Real estate loans at the UAE banks stood at AED173 billion at the end of last year.
As liquidity is stable in the UAE banks,...