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  <description>2004 news and features</description>
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  <copyright>(c) 1996-2009 AME Info FZ LLC / Emap Limited. All rights reserved.</copyright>
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    <title>UAE bourse up 88pc</title>
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    <pubDate>Thu, 30 Dec 2004 08:48:13 +0400</pubDate>
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        The stock markets of the UAE will close the year today, and yesterday the Emnex index stood 88 per cent up in 2004 at 5,485.26 points. This left the market on a price-to-earnings ratio of 15.5 and a 3.24 per cent yield, although most stock brokers put the p/e ratio at nearer 25. 
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    <title>Visa card purchases up 39pc</title>
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    <pubDate>Wed, 29 Dec 2004 09:04:48 +0400</pubDate>
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        Visa International has reported a 39 per cent increase in retail sales volume on Visa cards for the 12 months ending September 30, 2004 compared to the corresponding period in 2003. RSV stood at USD9.3bn with spending in Qatar up 79 per cent while in Oman it rose 45 per cent. GM Kamran Siddiqi attributed the growth to the performance of the region's member banks.  
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    <title>ABN Amro, transparent card</title>
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    <pubDate>Wed, 29 Dec 2004 08:53:18 +0400</pubDate>
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        ABN Amro has launched the region's first transparent Clear Card which is available now for new and existing customers of the bank. Current cardholders can apply to change their card immediately or wait until the new look card is sent at the renewal date.
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    <title>Daman offers margin trading</title>
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    <pubDate>Wed, 29 Dec 2004 08:24:16 +0400</pubDate>
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        Dubai based Daman Securities is to offer margin trading services after receiving UAE Central Bank approval. MD Shehab M. Gargash told reporters yesterday that Daman was already in talks with a local bank for financing this facility. 
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    <title>NBD  world tour competition</title>
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    <pubDate>Tue, 28 Dec 2004 14:23:00 +0400</pubDate>
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        National Bank of Dubai has announced its Around the World in 21 Days campaign, offering existing and new and NBD credit card holders the chance to win a trip to the Seven Wonders of the World. All you need to do is spend at least Dhs200 on your credit card before February 20 for a free entry into the raffle.
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