The finance sector has never been more in the news, as the global credit crisis sweeps around the world. DIFC Week in Dubai gathers together industry leaders to discuss the future of the sector, how this region can minimise the impact of the financial downturn, how traditional and family-run businesses can help growth and the role of women in the Middle East finance industry.
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Depa dives as NASDAQ Dubai resumes trading
The FTSE NASDAQ Dubai UAE 20 Index closed 1.27% higher at 2581.20 points Wednesday. Interior design firm Dapa Limited lost 4.76% to hit $0.40 after trading in the shares was resumed by the bourse's regulator DFSA. On Tuesday, the DFSA suspended Depa shares from trading as the firm's annual general meeting was held. Arabtec Construction which owns a 24% stake in Depa aims to have a bigger representation on Depa's board, The National reported. The report added that Arabtec's move could be interpreted that it aims to bid for a complete takeover of Depa, citing analysts.Latest Banking jobs
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