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.
04/23/2012
Investors and couples alike can buy diamonds on the retail market, but now there's a movement to create a way for individual investors to buy diamonds like gold.
04/23/2012
Adib Private Bank, a unit of Abu Dhabi Islamic Bank (Adib), recently launched a diversified US real estate investment portfolio with Investcorp, one of largest investors in the US real estate market, as the investment manager.
04/20/2012
Britain's largest family-owned international facilities services company OCS Group Ltd has launched its first business in the Middle East.
04/20/2012
"Abu Dhabi has been mulling an exit for some time now," said one of the sources.
04/17/2012
There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March
04/17/2012
“These robust financial results are reflective of the company’s singular focus on implementing its approved restructuring plan and contributing to the recovery of the Dubai real estate market. Nakheel successfully recommenced all its near term
04/16/2012
Oman, whose debt to GDP is forecast by the IMF to be the lowest in the Gulf at 3.2 percent this year, has only issued small amounts of development bonds in the past. Oman had a budget surplus of 1.08 billion rials in 2011.