Abu Dhabi’s new financial zone ‘complements Dubai’
Senior finance executive says a deepening of financial markets will benefit the entire country.
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Senior finance executive says a deepening of financial markets will benefit the entire country.
May 13, 2013 10:08Some brokerages in the UAE have been forced to shut down as turnover on the Dubai Financal Market and the Abu Dhabi bourse slumped to seven-year lows in 2011.
October 3, 2012 5:47A plunge in Dubai stocks this week underlined the risks behind the Gulf's equity market rallies, although most analysts do not think Dubai's drop marks the start of any extended downtrend.
March 10, 2012 5:10Dubai Financial Market (DFM), the Arab world's only listed bourse, eked out a small fourth-quarter profit as it focused on new revenue streams and cut its dependency on commissions after a year of dwindling trading volumes.
February 27, 2012 1:02Q3 net loss 9.3 mln dirhams vs 3 mln dirhams loss yr-ago; Analysts forecast net loss of 1.5 mln dirhams for Q3; Traded value declines 42.3 pct in Q3
October 27, 2011 2:07Nasdaq Dubai will relaunch its derivatives market, targeting regional institutions wanting to hedge their share portfolios, the exchange's chief executive told Reuters on Monday.
October 25, 2011 6:36IPOs need 400 unique shareholders or 10 pct retail * Cos will need to report qrtly instead of half-yearly now.
January 18, 2011 12:089-mth profit 77.8 mln dhs, down from 258 mln in 2009.
November 8, 2010 9:43DFM and Nasdaq Dubai are merging some operations.
October 18, 2010 12:47The DFM is working with the UAE regulator, the Securities and Commodities Authority (SCA), as well as the Abu Dhabi Securities Exchange (ADX) to bring in the new rules.
September 30, 2010 9:08Stock market operator says “positive indications [allow] us to look forward more optimistically.”
May 1, 2010 4:31Dubai Financial Market’s Essa Kazim says 'it is in the interest of everybody to consolidate'.
March 30, 2010 11:13Tadawul index up 0.7 percent following news of $9.5 billion restructuring plan.
March 27, 2010 5:35Dubai Financial Market index falls 3.5 percent on news that the troubled conglomerate may only repay 60 percent of debt after seven years.
February 14, 2010 12:01Company had a consolidated total income of AED3.67 billion in 2009.
January 27, 2010 4:47