Finance and Economy
Related Content
 Business and Finance (video) DailyFX Currency Update Editorial Column |
News Feature SME Banking |
DFM up, ADSM slightly down
- The Dubai Financial Market ended the day, Monday at 5,720.51, slightly up by 0.15%. Meanwhile, Abu Dhabi Securities Market went slightly down by 0.09%, ending at 4,995.74, after hitting the 5,000 mark the previous day.
- United Arab Emirates: Monday, April 21 - 2008 at 14:41
Alinma IPO 74% oversubscribed
- Alinma Bank's initial public offer received SR18.3bn ($4.87bn) or 74% more than the bank is seeking, reported Reuters. The offer was Saudi Arabia's biggest IPO. Alinma sold 1.05 billion shares at SR10 each, raising SR10.5bn in the IPO that ended last week.
- Saudi Arabia: Monday, April 21 - 2008 at 10:23
Abu Dhabi non-oil trade hikes 37.5%
- The Abu Dhabi Department of Finance, Customs Administration said its non-oil foreign trade has increased 37.5% in 2007 compared to 2006, reported Gulf News. In 2007, the export, re-export and import volume grew to Dhs74bn and Dhs763m, respectively, compared to Dhs54bn and Dhs366m the previous year.
- United Arab Emirates: Monday, April 21 - 2008 at 09:17
UAE markets end higher
- The Dubai Financial Market ended the day, Sunday at 5,711.98, up by 2.28%. Dubai's major real estate players were the top gainers. The Abu Dhabi Securities Market also gained, to end at 5,000.07, up by 1.82%.
- United Arab Emirates: Sunday, April 20 - 2008 at 14:32
Gulfnav okays 20% non-GCC shares
- Gulf Navigation Holding's Extraordinary General Meeting of its shareholders has approved its Board’s proposal to allow non-GCC nationals and institutions to hold 20% of its shares was approved and ratified. The move allows expats living in the GCC as well as fund managers in non-GCC banks to invest in the company, listed on the Dubai Financial Market.
- United Arab Emirates: Sunday, April 20 - 2008 at 14:08
Al Jaber closes $400m Ijara
- Al Jaber Group announced that it has successfully closed a $400m syndicated bank facility, which will support the group's expansion to include purchase of machinery and equipment, said news reports. The five-year facility has been provided under a Sharia-compliant Ijara structure, and is being provided by a regional and international syndicate of 11 banks.
- United Arab Emirates: Sunday, April 20 - 2008 at 09:28
Saudi shares on fresh gains
- Saudi shares extended gains last week as the Tadawul All-Share Index (Tasi) went up by 1.35%, and brought total gains in two weeks to 4.9%, reported Arab News. The Tasi closed at 9,630.37 points from 9,501.72 points previous week, but remains 12.8% lower than the year’s start.
- Saudi Arabia: Saturday, April 19 - 2008 at 09:31
UAE markets end higher
- The Dubai Financial Market on Thursday gained 68.92 points, or 1.25%, to end the day on 5,584. Tamweel was the day's big gainer, up 5.1%. Meanwhile, the Abu Dhabi Securities Market also ended higher, gaining 33.11 points, or 0.68%, to end the day on 4,910.
- United Arab Emirates: Thursday, April 17 - 2008 at 14:16
Web Feeds