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UAE stocks end mixed
- The Dubai Financial Market on Wednesday gained 34.87 points, or 0.60%, to end the day on 5,859. Al Salam Bank was the day's big gainer, up 3.23%. Meanwhile, the Abu Dhabi Securities Exchange lost 37.36 points, or 0.74%, to finish on 5,002.
- United Arab Emirates: Wednesday, May 07 - 2008 at 15:08
Saudi plans $5.3bn investment company
- Saudi Arabian is setting up an SR20bn ($5.3bn) investment firm that may be open to partners, reported Arab News. The company will draw its capital from the General Investment Fund and would offer attractive opportunities in the kingdom with low risks to foreign investors.
- Saudi Arabia: Wednesday, May 07 - 2008 at 11:31
Oman's economy up 13.1% in 2007
- Oman's nominal GDP rose 13.1% in 2007, reaching 15.5 billion Omani riyals ($40bn), according to an analysis by Kuwaiti think-tank Global Investment House. This marks the fourth consecutive year that Oman has maintained its significant growth, the report said. An increasing focus on non-oil sectors growth is playing a key role in driving the GDP growth, reported Gulf News.
- Oman: Wednesday, May 07 - 2008 at 07:26
DFM, ADX show slight dip
- Dubai Financial Market showed a minor dip, ending trade 0.39% down. Of the 28 companies traded seven saw their value increase, with Oman Insurance Co showing the highest rise at 5%. The Abu Dhabi Securities Exchange, formerly the Abu Dhabi Securities Market, closed slightly down by 0.28%, ending on 5,040.
- United Arab Emirates: Tuesday, May 06 - 2008 at 16:13
Abu Dhabi bourse rebranded
- The Abu Dhabi bourse has been renamed the Abu Dhabi Securities Exchange (ADX). The exchange was formerly known as the Abu Dhabi Securities Market. A new corporate logo is accompanying the name change.
- United Arab Emirates: Tuesday, May 06 - 2008 at 14:04
Qatar suspends 400 companies
- The Qatari Ministry of Labour and Social Affairs has revealed that 400 companies had their operations suspended over a two month period. The companies had employed workers without permission and delayed the provision of salaries and housing loans to their employees.
- Qatar: Tuesday, May 06 - 2008 at 09:43
Iran imports hit $2.9bn
- The total value of imports into Iran for the first month of the Iranian New Year (which began 20 March) have reached $2.9bn, a 43% increase on the same period last year, according to a report by Iran's Customs Administration. Exports for the same period exceeded $1.4bn, an 18% increase on the same period in 2007.
- Iran: Tuesday, May 06 - 2008 at 08:29
UAE markets end higher
- The Dubai Financial Market settled the day, Monday at 5,847.36, ending slightly higher by 0.08% with Gulfnav and Deyaar posting as top gainers. The Abu Dhabi Securities Market also ended the day at the positive end at 5,054.35, up by 0.18% with the construction sector emerging as top gainer.
- United Arab Emirates: Monday, May 05 - 2008 at 14:52
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