05/15/2012
One such example is the Qatari lender Doha Bank, which yesterday issued tenders in the UAE’s local dailies to offload eight apartments in Emirates Garden cluster of Jumeirah Village South.
05/14/2012
The building enjoys excellent characteristics and is distinguished by its unique and award-winning design. It provides long-term income and a security of a world class covenant for Warba Bank.
05/07/2012
DIFC Investments (DIFCI), the investment arm of the company running Dubai's financial free zone, has likely sold software company SmartStream Technologies, resulting in a $68.8 million impairment provision, JP Morgan said in a research note.
05/04/2012
Only around one-third of outperformance from skill should go to hedge fund managers in the form of fees, with the rest going to the investor according to new research from Towers Watson, the global professional services company.
05/03/2012
As a first step towards creating the REIT, National Bank of Abu Dhabi states in a news release from Dubai that it is setting up a fund and partnering with Gulf Investment Corp. of Kuwait to find properties in the UAE.
05/03/2012
Commenting on the agreement, Mr. Fuad Taqi, Deputy General Manager, Commercial Banking of KHCB said, "We are very pleased to be working with the Meydan Group.
05/02/2012
In an interview with Zawya Dow Jones, Vitalo said the longer term outlook for bond issuance in the region was good as European banks-traditionally large lenders to the Middle East-struggle with a crippling debt crisis, forcing local companies to look at a
05/02/2012
With FOREXTrader PRO, clients in the region will be able to trade in more than 70 markets, across forex, global indices and commodities including gold, silver, oil, natural gas and major agricultural commodities, all through an Arabic interface. Education
05/01/2012
The deal also cements the relationship between Barclays and Qatar, which through its sovereign fund was one of the top three shareholders in the British lender as of end-2011, with a 6.8 percent stake.
05/01/2012
Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.
04/30/2012
Revenue for the quarter increased to Dhs3,589.1m (Q1 2011: Dhs784.7m). The Company recognised Dhs3,229m (Q1 2011: Dhs470.9m) from the sale of land plots and completed residential units and development management fees, of which Dhs2.2bn was related to sale
04/30/2012
The highest (single-side) daily trading turnover was $58.27m, with a trading volume of 1,189 contracts achieved on the 23rd of April 2012.
04/30/2012
Sorouh, the second largest property developer by market value in Abu Dhabi, reported first-quarter net profit of 83.6 million dirhams ($22.76 million), compared with 64.3 million dirhams in the prior-year period
04/30/2012
The bid was formally approved by Mannai shareholders at a recent extra-ordinary shareholders meeting.
04/29/2012
The Court Square development will consist of approximately 155 apartment units with high-end finishes, spacious interiors and large private balconies with Manhattan skyline views.
04/27/2012
In this manner, valuations play an important role in minimizing risk through informing financiers of factors that could adversely impact on the property as security, and encourage prudent lending practices
04/25/2012
Treasury officials have been working behind the scenes to reach a deal which could see a sizeable chunk of the state-backed bank hived off to sovereign wealth funds.
04/24/2012
Issuers of Islamic bonds, or sukuk, have been able to tap in to a plentiful pool of liquidity within the Middle East region.
04/24/2012
NBAD, the UAE's top bank by market capitalisation, has teamed up with Kuwaiti firm Gulf Investment Corp for the venture, which it plans to convert to a real estate investment trust (REIT) in the future.
04/24/2012
The 10 year exclusive contract with Zurich brings considerably improved commercial terms for HSBC.