UAE investors looking for investment in India
Submitted by Hasan Malik on Sat, 09/17/2011 - 05:26
Labour Minister of United Arab Emirates Saqr Ghobash Saeed Ghobash backed strong business and commercial ties with India adding that UAE investors are eagerly looking for investment opportunities in India. Mr. Ghobash is currently on his official tour to India. He is expected to meet commerce delegations and government functionaries in order to enhance business cooperation between two nations.
Dhabi and Qatar bonds woo investors
Submitted by Sukhbir Dhillon on Mon, 08/22/2011 - 08:05
Uncertainties prevailing in the global market made investors buying Abu Dhabi and Qatar government debt, apparently, due to safe investment heaven status of Gulf countries given to their strong financial position despite subdued investor's sentiments at global level. The move pushed yields on the bonds to historic lows.
Dubai bourses testing new settlement system
Submitted by Mahendra Pratap... on Mon, 04/11/2011 - 15:12
In order to be able to win the status of MSCI emerging market, the Dubai Financial Market is testing the waters of a new settlement system. The information was given by the CEO of Nasdaq Dubai, Jeff Singer.
He also confirmed that there is not going to be any kind of regional unrest because of the new system.
Emaar lifts Dubai index
Submitted by Sukhbir Dhillon on Wed, 03/30/2011 - 04:40
Emaar boost Dubai’s index after 10% cash dividend gets approval.
In Saudi Arabia, investors waited for first quarter numbers and gained steadily. In March Saudi Arabia index mounted to 0.3% to 6,530 points, winning gains to 9.8%.
Saudi Basic Industries Corp (SABIC) mounted 0.5 percent and Saudi Arabian Fertilizers Co (Safco) climbed 0.7 percent.
UAE bans tele-marketing of financial products
Submitted by Sukhbir Dhillon on Thu, 03/24/2011 - 03:03
In a significant reprieve for the customers, the UAE central bank has banned tele-marketing of financial products in the country in response to a flood of complaints received from customers. Meanwhile, bankers hailed the decision adding that it will make things easy both for banks and potential customers.
Treasury Department imposed sanctions on Afghan Exchange
Submitted by Sukhbir Dhillon on Sat, 02/19/2011 - 18:16
On Friday, the Treasury Department has sanctioned against a money house of Afghanistan which is one of the largest money house of the country. The treasury department has also sectioned 15 executives on charges of transferring billion of dollars out of the country illegally.
UAE's Tamweel returned to profit
Submitted by Ahmed Mansoor on Mon, 02/14/2011 - 15:08
On Sunday Islamic home-finance provider Tamweel PJSC has declared that it is trying to bounce back in the market. The company has recorded a net profit of 7.08 million dollars in 2010. The company is based in Dubai.
