11/03/2016
Oman UAE Exchange to offer real-time account credit facility
The service has been initiated for Bangladesh and is soon to be launched for Pakistan as well.
Alternative Investments
11/03/2016
Qatar insurers' aggregate balance sheet jumps 30% to QR39.7bn in 2015: QCB
The QCB insurance sector at the end of 2015 comprised some 12 firms
11/03/2016
Technology, banking sectors dominate Forbes rankings
Forbes Middle East shortlisted the top 100 global organisations with offices in the Middle East from the Forbes Global 2000 list
11/03/2016
KFH 9M net profit rises 16.5% to KD 123.1 mln – EPS clocks 23.86 fils, an increase of 16.4%; net operating revenues reaches KD 264.1m
Net operating revenues reached KD 264.1 million, i.e. a growth of 14.7 percent over the same period last year.
11/03/2016
Weakened buying interests trigger 129 point plunge for QSE
Trade turnover and volumes were on the decline in the bourse, where real estate, banking and consumer goods stocks together constituted about 69% of the total volumes.
11/03/2016
ENBD launches cognitive disabilities awareness drive
The launch was announced at the third edition of the #TogetherLimitless panel discussion
11/03/2016
Moody’s upgrades KFH Takaful
The company will enjoy preferential price of reinsurance operations.
11/02/2016
Dubai Investments Q3 net profit rises 35.9 pct
A conglomerate in which sovereign fund Investment Corp of Dubai owns an 11.5 percent stake.
11/02/2016
Abu Dhabi investor Mubadala said to weigh investing billions in Softbank tech fund- Bloomberg,citing sources
Abu Dhabi investor Mubadala Development Co said to weigh investing billions in Softbank tech fund
11/02/2016
Saudi Wealth Fund May Be World’s Least Transparent
Fund set to take ownership of Saudi Aramco names none of its investments, institute notes
11/02/2016
MMTC to sell sovereign gold coins to NRIs
In the domestic market, MMTC has now access to 383 bank branches through which it can sell these gold coins.
11/01/2016
GFH shares hit 2-year high
GFH was the most active stock in trade contributing to 24 per cent of the total volumes.
10/31/2016
Abu Dhabi Global Market Named as "Financial Centre of the Year"
ADGM has formed close partnerships with vital local federal authorities, including the Central Bank of the UAE
10/31/2016
Dubai Gold and Commodities Exchange (DGCX) opens vital trading link to Chinese bullion
DGCX Shanghai Gold Futures Contract, which settles on the "Shanghai Gold Benchmark Price", is the foremost RMB denominated gold futures contract launched offshore.
10/31/2016
Dubai Chamber opens first trade office in China
There are currently 2,829 Chinese companies registered with the Dubai Chamber.
10/31/2016
Jordan Looks to Reinvigorate Trading With a New Exchange
Jordan has launched a new over the counter exchange to boost the competitiveness of the Kingdom’s capital markets
10/31/2016
Profit booking sees Index plunging 229 points
Local retail investors and domestic institutions were increasingly net sellers in the bourse.
10/28/2016
Egyptian developer Palm Hills expects deal on mega-project by year-end
The site covers 25 million square meters equivalent in size to about a third of Dubaiand will include residential and commercial facilities.
10/28/2016
HolidayMe looks to make its mark in online travel in the Middle East
IATA’s last forecast, out this week, sees the Middle East growing by 5% a year on a compound basis to 2035.
10/28/2016
Saudi Arabia’s future borrowing will include Islamic bonds, says minister
The Kingdom is seeking to finance a budget deficit that ballooned to about 15 per cent of economic output last year.