2005
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Dubai markets ends friendly
The Dubai bourse defended its recent re-advances over 2,000 points by gainin 1.04% today, closing... Read full article »
Dubai Holding 70% Dubai Bank stake
Dubai Holding has taken a 70% stake in Dubai Bank from Emaar Properties, leaving the Dubai-based... Read full article »
UAE banks head for record growth
Total assets of the 46 banks in the UAE grew by 35% to over $146bn in the 12 months to the end of... Read full article »
Savola takes 5% in Red Sea project
The Saudi-based food group Savola says it has paid $66.67m for a 5% stake in a firm which will... Read full article »
UAE 2006 balanced budget
The UAE will declare a deficit free budget for the second consecutive year, with 2006 revenue and... Read full article »
Foreign ownership change on way
The new UAE company law could allow private businesses to keep a majority control of up to 55%... Read full article »
Workers to get 5% pay rise
Bahrain MPs have backed a statutory 5% pay increase for private sector workers, the terms of... Read full article »
IFA Hotels closes share offer
The 45% share issue in Kuwait-based IFA Hotels & Resorts has brought in $520m, according to... Read full article »
GFH raises capital by 30%
Kuwait-based Gulf Finance House is raising its capital by 30% through a rights issue to existing... Read full article »
Al Wathba to raise capital
The Al Wathba Insurance Company is increasing its capital from $16.3m to $65.3m to prepare for... Read full article »
DFM to sell off 20%
The government-owned Dubai Financial Market will offer up 20% of its shares in a public float,... Read full article »
NBAD leads the way
National Bank of Abu Dhabi was the best performed bank in the UAE for the first nine months of... Read full article »
Almasa re-brands, chases $1.6bn
Dubai-based Almasa Group has re-branded itself as Almasa Holdings, and is looking to reach a... Read full article »
Central Bank forex reserves up 25%
The UAE central bank's foreign exchange reserves rose to $23bn in December this year, up 25% from... Read full article »
Takaful Re sets up at DIFC
Takaful Re has been granted a licence to operate from the Dubai International Financial Centre.... Read full article »
