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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Etisalat bounces back, Aldar loses momentum
The Abu Dhabi stock market measure ADXGI gained 0.33% to reach 2,612.17 Thursday as bargain hunters sent ADX heavyweight Etisalat up 3.06% to hit Dhs9.05. Etisalat shed over 12 percent i the last two days after the UAE ministry of financed revised royalty rates for both Etisalat and Du until 2016. Per the new scheme, Etisalat will have to pay 15% on revenues and 35% on net income between 2012 and 2015. The rates for the year 2016 are set ay 15% and 30% respectively for the year 2016. Abu Dhabi's largest developer Aldar Properties slipped 0.77% to Dhs1.29. Aldar shares have gained 54% year-to-date as the firm is currently on the way to seal the planned merger which they announced earlier in March this year.Latest Banking jobs
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