07/19/2012
First-quarter trading activity surged from a low of Dh62 million (US$16.8m) a day in January to a peak of Dh981m in March as sentiment and investor appetite for riskier asset classes improved, causing many brokerages to postpone plans to shut down.
07/18/2012
The research stated that if those jobs were created, and the new population had an average household size of three people, Dubai would see demand for an extra 317,000 units, or 94 percent of current stock.
07/18/2012
Waleed Al-Bawardi, director of cash and markets at Tadawul, said details on disclosure requirements were being agreed with the CMA after the regulator amended listing rules in January to allow for cross-listing.
07/18/2012
The first conventional bond issue in two years was oversubscribed by 400 percent by investors from the United States, Asia and Europe.
07/17/2012
GFH has already paid US$55 million of the total amount in the past and now has restructured the remainder.
07/12/2012
Kuwait’s National Bank of Kuwait was third, ahead of two more Saudi firms – Samba Financial Group and Riyad Bank.
07/12/2012
Investment banks have funnelled cheap credit towards the Gulf in an effort to make up for declining fee income and maintain relationships with big corporate clients.
07/12/2012
With 152 companies listed, the Tadawul is one of the biggest exchanges in the Gulf. And in terms of volume, it’s the largest in the region.
07/12/2012
The JV will provide Cigna opportunities to reach and serve a rapidly expanding middle class market in Turkey through Finansbank’s network of retail banking branches.
07/10/2012
Through the partnership, NBF will gradually introduce a series of products over the next few years starting with general protection plans like mortgage, motor and salary insurance, before moving on to longer-term and more sophisticated solutions such as l
07/09/2012
Towers Watson survey shows total global alternative assets under management near $5 trillion
07/09/2012
Rental rates dropped by as much as 15% in the second quarter of 2012, as new supply flooded into the market, according to the latest property report published from real estate consultancy Asteco.
07/09/2012
The region’s equity capital markets recorded issuances worth $5 billion down 40 per cent from the first six months of 2011, Thomson Reuters said in its 2012 investment banking analysis for the Middle East region.
07/09/2012
Losses from struggling national carrier Gulf Air in particular weighed on the fund's income.
07/08/2012
Dubai International Capital (DIC) the private equity arm of Dubai Holding, founded Jordan Dubai Capital in 2005.
07/02/2012
Debt issuance from the Gulf region has held up well so far this year, as a turn to Islamic bonds - with their specific liquidity pool - and strong local liquidity helped confound volatile markets which stymied other emerging market borrowers.
07/01/2012
Just 43 per cent of Bahrain’s 10-year, $1.5 billion (Dh5.5 billion) sovereign bond, issued last Wednesday, was placed in the Middle East. Thirty-two per cent went to investors in Europe, including Britain, 14 per cent to the United States, and 11 pe
07/01/2012
The firm is now fully invested on its previous Saudi-Arabia development funds, Alkhabeer Land Development Fund I and Alkhabeer Land Development Fund II, which collected SAR290 million and SAR774 million respectively. Each was a single-asset fund.
06/28/2012
Recently UAE Exchange expanded its network in Asia, Africa and Europe by commencing operations in China, Malaysia, Ireland, Botswana, Seychelles, Kenya and Morocco.
06/28/2012
Gemini Asset Management is launching a Middle East and North Africa credit fund in partnership with the National Bank of Abu Dhabi Asset Management Group.