We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

THE ECONOMY - STOCK MARKET

DIFC partners SOAS, UoL to offer MSc degree in Finance and Financial Law

Posted on 23/06/2008

The DIFC Centre of Excellence yesterday announced it will work with the University of London's Centre for Financial and Management Studies (CeFiMS) at the School of Oriental and African Studies (SOAS) to offer its MSc degree in Finance and Financial Law in the region. Based in Dubai, the prestigious two-year programme will offer courses taught by CeFiMS academic faculty. The subjects covered in the programme will include corporate finance, financial law and risk management. Upon graduating, ...  >>MORE

Foreign investors purchase Dh1.753 billion worth of shares on DFM

Posted on 22/06/2008

Dubai Financial Market announced yesterday that the value of shares bought by foreign investors, or non-UAE nationals, during last week (June15 - June 19) reached Dh1.753 billion comprising 39.4 per cent of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh2.116 billion comprising 47.5 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh362.4 million ...  >>MORE

MSCI may list UAE in emerging markets index

Posted on 19/06/2008

MSCI Barra is poised to reveal the conclusions of a review of its Emerging Markets Index that could pave the way for the UAE to join the benchmark. The index is a global reference for emerging equity markets and inclusion would see a huge increase in foreign investment in UAE stocks. The country classification review, which was to be released early this morning, will determine whether any criteria for compiling the index will change and this may lead to new members being included. However, MSCI ...  >>MORE

Damas plans IPO on DIFX

Posted on 19/06/2008

Dubai-based jewellery firm Damas said on Wednesday it planned to sell shares in an initial public offering and list the shares on the Dubai International Financial Exchange next month. Damas plans to sell 270.58 million ordinary shares at a price range of between US$1 and US$1.14 per share to Middle East and international institutional investors outside of the United States, it said in a statement. That would indicate the firm plans to raise as much as US$308.46 million. Trading of the shares ...  >>MORE

Foreign investors purchase Dh1.964 billion worth of shares on DFM

Posted on 15/06/2008

Dubai Financial Market announced yesterday that the value of shares bought by foreign investors, or non-UAE nationals, during last week (June 08 - June 12) reached Dh 1.964 billion comprising 34.1 per cent of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh 2.154 billion comprising 37.4 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh 190.4 million ...  >>MORE

UAE bourses primed to outperform in second half of year

Posted on 11/06/2008

Although the strong level of Western institutional involvement in UAE stock markets brings with it the risk of contagion from global market turmoil, the country's bourses are primed to outperform in the second half of this year, research has shown. The effects of such a fallout can be "substantial", but such a correction will be temporary and will not affect the fundamental drivers of the region's markets, investment bank EFG-Hermes said in a report. "We expect the UAE stock markets to pick ...  >>MORE

Saffar Capital receives DFSA License to Operate DIFC

Posted on 11/06/2008

Saffar Capital, a regional financial services firm, yesterday announced that the company has been issued a license to operate as an authorised firm in the Dubai International Financial Centre (DIFC). The license, granted by the Dubai Financial Services Authority (DFSA), allows Saffar to arrange deals in investments and advise on financial products. The company focuses on two main areas: sourcing early stage private equity investments in the financial services infrastructure sector and ...  >>MORE

ALDAR announces closure of Dh3.75 billion Sukuk

Posted on 08/06/2008

ALDAR Properties PJSC, the leading Abu Dhabi-based integrated property developer, yesterday announced that it had priced its benchmark Dh3.75 billion 5-year Sukuk Al-Ijara at 3-month EIBOR (Emirates Inter-bank Offered Rate) plus175 basis points. The Issue has received an overwhelming response within the GCC and internationally, given current market conditions. The Sukuk has been arranged by Abu Dhabi Commercial Bank, Barclays Capital, Credit Suisse, Dubai Islamic Bank, First Gulf Bank, Lehman ...  >>MORE

DIFC and Hong Kong Monetary Authority sign MOU

Posted on 27/05/2008

The Dubai International Financial Centre Authority (DIFCA) announced yesterday that it has signed a Memorandum of Understanding with the Hong Kong Monetary Authority (HKMA) aimed at fostering co-operation in the development of Sharia-compliant financial products and the financial infrastructures in their respective jurisdictions. The MOU, which was signed on May 20th 2008, sets out the framework agreed between the HKMA and DIFC Authority regarding the co-operation, communication and sharing of ...  >>MORE

ADX unveils its five years strategic plan

Posted on 21/05/2008

Abu Dhabi Securities Exchange (ADX) announced Tuesday its five years Strategic Plan (2008-2012) under the slogan "Excellence among Regional Stock Markets. Tom Healy, Chief Executive of the exchange, told a press conference by stating that ADX strategic plan is aligned with the vision of Abu Dhabi Government for a confident and secure society and an open, global and sustainable economy?. He added that the strategic plan emphasizes ADX's commitment to transparency and high standards of ...  >>MORE

DFSA enters into Memorandum of Understanding with Cyprus SEC

Posted on 21/05/2008

The Dubai Financial Services Authority (DFSA) entered into a Memorandum of Understanding (MoU) yesterday, with the securities regulator of Cyprus. The MoU signing took place between Georgios Charalambous, Chairman of the Securities and Exchange Commission of Cyprus (CYSEC), and David Knott, Chief Executive of the DFSA during a visit to Nicosia. The CYSEC is responsible for the supervision of the Capital Market in Cyprus. It licenses, monitors and regulates investment firms, regulates ...  >>MORE

UAE and Qatar bourses top GCC performers

Posted on 18/05/2008

The UAE and Qatar bourses were the top performers in the Gulf in the first half of May although share dealing remained overshadowed by speculation in Abu Dhabi and Dubai markets, official figures showed yesterday. The UAE and Qatar gained nearly US$20bn (Dh73.4bn) in market capitalisation during the first half of May to more than offset a decline in the bourses of Saudi Arabia and Kuwait, and relative stability in Bahrain and Oman, showed the figures by the Abu Dhabi-based Arab Monetary Fund ...  >>MORE

Esca approves margin trading after amendments

Posted on 18/05/2008

The Emirates Securities and Commodities Authority (Esca) has approved margin trading after making slight amendments to the system that decides the percentage of the initial margin and the maintenance margin. Abdullah Al Turaifi, Chief Executive of Esca, said the approval of the margin trading system followed a careful study of the best systems and practices in world markets. The move will boost the confidence of those dealing in the market and attract more investments, he said. According to ...  >>MORE

Abu Dhabi index to list Japan, Taiwan ETFs by year-end

Posted on 12/05/2008

The Abu Dhabi Securities Exchange (ADX), in the midst of a rebranding drive to lure foreign firms, said on Sunday that exchange traded funds (ETFs) from Japan and Taiwan could list on the index by year-end. ADX Chief Executive Tom Healey said regulations relating to ETFs -- funds listed on stock exchanges that offer investors exposure in underlying shares or other assets -- are being finalised, paving the way for their listing. ‘The best way to attract international companies to list on ADX is ...  >>MORE

Abu Dhabi renames stock market

Posted on 07/05/2008

The Abu Dhabi Securities Exchange (ADX) is the new name of the UAE capital's bourse. Formerly called the 'Abu Dhabi Securities Market', the ADX said the renaming, and accompanying rebranding, reflects international practice and the increasing diversity and sophistication of the types of securities to be traded on the exchange. "The Abu Dhabi Securities Exchange is taking steps to provide our clients with more varied and more sophisticated investment products," said Tom Healy, Chief Executive ...  >>MORE

Government of Dubai launches Dh15 billion medium term note programme

Posted on 14/04/2008

The Government of Dubai intends to access the debt capital markets through a United Arab Emirates Dirham denominated issue under its recently established Dh15 billion Medium Term Note (MTN) Programme. The objective of the issuance is to fund the local infrastructure needs of the government and simultaneously contribute to the development of the domestic bond market in the UAE. Sami Al Qamzi, director general of Dubai Finance Department said that Emirates National Bank of Dubai PJSC and ...  >>MORE

ESCA re-launches web site

Posted on 13/04/2008

The Emirates Securities & Commodities Authority (ESCA) has re-launched its web site, giving special emphasis to serving stakeholders in the country's stock markets. "We have retained the same web site address and added new services and techniques to the site," said Abdullah Al Turaifi, CEO of ESCA. He added that the web site's new theme is based on separating ESCA's role as a regulator and the financial market (Emirates market) as a technical body. – Emirates News Agency, WAM ...  >>MORE

Abu Dhabi Securities Market to hold roadshows in Singapore, Tokyo this week

Posted on 08/04/2008

The Abu Dhabi Securities Market (ADSM) will discuss its development plans, including exchange traded funds and foreign listings, with representatives of some of Asia's leading stock exchanges during a roadshow that begins this week in Singapore and Tokyo. ADSM is looking to raise international awareness of the exchange, both to increase foreign investment in ADSM-listed companies and to further develop the exchange's own product offerings. ADSM director general Tom Healy, who is leading the ...  >>MORE

ESCA approves insider-trading curbs

Posted on 26/03/2008

The United Arab Emirates market regulator said on Tuesday it had banned directors and some other company officials from trading in their companies' shares 15 days prior to the end of every quarter. Directors and staff with access to potentially market-moving news would not be able to recommence trading in shares until financial results are released, the Emirates Securities and Commodities Authority (Esca) said in a statement. The rules are part of efforts to boost transparency and prevent ...  >>MORE

ADSM and NYSE Euronext Enter Strategic Cooperation Agreement

Posted on 19/03/2008

NYSE Euronext (NYX) and Abu Dhabi Securities Market (ADSM) have entered into a cooperation agreement to jointly develop and explore new opportunities in trading systems and other related technology, investor and issuer services, and investment products. As part of this alliance, NYSE Euronext will provide ADSM, by end 2008, with state-of-the-art information and market infrastructure systems and technology to host all financial instruments admitted to trading on ADSM. In addition, NYSE Euronext ...  >>MORE

Foreign investors purchase 38.2pc of shares in a week at DFM

Posted on 16/03/2008

Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (March 9 - March 13) reached Dh1.992 billion comprising 38.2 per cent of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh2.205 billion comprising 42.3 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh213.3 million during ...  >>MORE

DIFC Authority releases 'Exempt Companies Regulations'

Posted on 26/02/2008

The DIFC Authority (DIFCA) today released for public consultation the 'Exempt Companies Regulations', a new set of regulations proposed under the Companies Law of 2006 and the Insolvency Law of 2004. The new regulations are designed to assist financial institutions to carry out, among other things, securitisation transactions using the existing DIFC legal and regulatory framework. "Commenting on the imminent adoption of these regulations, HE Dr. Omar Bin Sulaiman, Governor of the DIFC, noted: ...  >>MORE

ADSM signs MoU with Karachi Stock Exchange

Posted on 18/02/2008

Abu Dhabi Securities Market (ADSM) and Karachi Stock Exchange (KSE) signed yesterday a Memorandum of Understanding (MoU) on Sunday to facilitate procedures of cross-listing of companies on ADSM and KSE. The MOU will also open channels of cooperation between both exchanges, and the exchange of expertise concerning rules and regulations applied, investor awareness programs, as well as the latest techniques and developments in the financial markets. The MoU was signed by Adnan Afridi, Managing ...  >>MORE

DIFC to enhance Arbitration Law

Posted on 17/02/2008

The Dubai International Financial Centre (DIFC) yesterday issued consultation papers to seek comment on a new Arbitration Law, which replaces the existing arbitration law. This proposed Law, which contains a significant number of enhancements, is designed to accommodate and facilitate the set-up of the DIFC's Arbitration Centre. The proposed changes, drafted in consultation with internationally renowned arbitration practitioners, are aimed at making the Arbitration Law practical and ...  >>MORE

Ajman Bank to enlist on DFM in Dh550 million IPO

Posted on 12/02/2008

Ajman Bank PJSC (under incorporation) today announced its intention to list on the Dubai Financial Market (DFM) by way of a Initial public offering (IPO) which will see it valued at Dh1 billion. Ajman Bank, which will be the first Sharia-compliant bank incorporated and headquartered in the Emirate of Ajman, is on target to become the favourite financial services brand in the UAE and the GCC region. The bank's strategy is to target the rapidly expanding Sharia financial services market with ...  >>MORE

ESCA, BaFin sign cooperation agreement

Posted on 11/02/2008

The Emirates Securities and Commodities Authority (ESCA) and the Federal German Financial Supervisory Authority (BaFin) have signed a Memorandum of Understanding (MoU) in Berlin. UAE Minister of Economy Sheikha Lubna Al Qasimi said the agreement would further boost the UAE-German economic and financial cooperation. 'The MoU will facilitate easy flow of investment between the two economies through joint listings and will help the two countries assess and avert risks related to financial ...  >>MORE

DIFC Courts appoint first female judge

Posted on 29/01/2008

The Dubai International Financial Centre Courts (DIFC Courts) yesterday announced the appointment of six new judges to interpret laws and issue orders for the enforcement of laws in the Dubai International Financial Centre (DIFC): David A R Williams QC; Sir Anthony Colman; Tan Seri Dato Siti Norma Yaakob; Sir John Chadwick; Omar Juma Mohamed Saif Al Fajeer Al Muhairi; and Ali Shamis Mohamed Shamis Al Madhani. The new judge's yesterday swore the oath in front of His Highness Sheikh Mohammed ...  >>MORE

Global panic hits local markets

Posted on 23/01/2008

UAE shares sank for the fifth consecutive day on Tuesday as panic selling led by foreign investors drove local shares down. The selloff triggered by US recession fears saw the Dubai Financial Market Index plunging 6.2 per cent to finish at 5,210.58, while the Abu Dhabi Securities Market shed 6.8 per cent to close at 4,302.46. Both bourses together shed another Dh50.7 billion in market capitalisation yesterday, bringing the cumulative losses for the last five trading sessions to Dh132 billion. ...  >>MORE

UAE stocks fall heavily to erase Dh26.4b in market capitalisation

Posted on 21/01/2008

UAE stock markets retreated to levels recorded at the end of last year, losing more than Dh26.4 billion in market capitalisation. The total losses in terms of the market value of the listed shares exceeded Dh50 billion in three consecutive sessions, and the Emirates Securities general index plunged 3.09 per cent to 6,037.41, less than a notch above its value on January 1, 2008. In Dubai, Emaar Properties fell below the Dh14 mark, losing 3.8 per cent to close at Dh13.95, followed by its ...  >>MORE

Emirates Securities markets set to fare well in 2008: Lubna

Posted on 15/01/2008

The Emirates Securities Markets are all set to stage a strong performance throughout the year 2008, said Sheikha Lubna Al Qasimi, Minister of Economy. Speaking to reporters shortly after assuming the presidency of the Federation of Arab Securities Markets, Sheikha Lubna said: "All indications are that UAE Securities market will fare well in 2008, just as they did in 2007". Underling the regulatory role of the UAE securities market, Sheikha Lubna, who is also the chairperson of the UAE ...  >>MORE

UAE asks Arab nations to join capital markets union

Posted on 15/01/2008

The UAE called on Monday upon Arab countries to join the Union of Arab Capital Markets Authorities (UACMA). The union, which was established last year in response to a UAE initiative, has only 12 members out of the 22 countries comprising the Arab world. "I call upon the Arab countries that did not develop their respective stock markets and the related authorities to proceed with process, and those that have the institutions to join this union," Shaikha Lubna Al Qasimi, UAE Minister of ...  >>MORE

DFM's preliminary annual net profit reaches Dh 1.4 billion for 2007

Posted on 14/01/2008

Dubai Financial Market Company (DFM Company) today announced its preliminary financial results for the year ending 31 December 2007, during DFM's board meeting that was held on Sunday (January 13, 2008). DFM Company recorded a net profit of Dh 1.412 billion for 2007, compared to Dh 797 million for 2006, achieving a 76 per cent increase. Due to the increase in the company's profits, the earnings per share of DFM Company has reached Dh 0.18 for 2007. The management of DFM announced that this ...  >>MORE

UAE stock markets poised for over Dh8.5b public offerings this year

Posted on 13/01/2008

New issues worth more than Dh8.5 billion will be floated in the UAE's stock markets in 2008, the market regulator said on Saturday. In 2007, the Emirates Securities and Commodities Authority (Esca) have listed 10 new public shareholding companies, three of which were of foreign origin. "In 2008, about 12 to 14 new companies will be listed on the markets, and we have already received applications from six private shareholding companies seeking public conversion with a total paid-up capital of ...  >>MORE

UAE stocks start 2008 positively

Posted on 03/01/2008

UAE stocks ended the first trading day of 2008 in positive territory gaining more than Dh12 billion in market capitalisation, while the Emirates Securities general index advanced by 1.47 per cent to 6104.71. This was the first day to apply the new extended four-hour long trading sessions, and accordingly the value of traded shares was relatively high at Dh4.35 billion, of which Dh2.2 billion were in Abu Dhabi and Dh2.15 billion in Dubai. In Dubai, the general index, added 1.2 per cent to its ...  >>MORE

Borse Dubai gets green light for NASDAQ investment

Posted on 02/01/2008

Borse Dubai Limited has obtained clearance from The Committee on Foreign Investment (CFIUS) in the United States concerning Borse Dubai's investment in The NASDAQ Stock Market, Inc. (NASDAQ), which will allow Borse Dubai to proceed with its investment in NASDAQ. As all the conditions under the agreement between Borse Dubai and NASDAQ for opening of Borse Dubai's offer (the "Borse Dubai Offer”) to all OMX AB (publ) ("OMX”) shareholders for acceptances have now been satisfied or waived, Borse ...  >>MORE

Global investors flock to UAE

Posted on 02/01/2008

Fund flows from international banks and financial institutions into UAE shares hit record levels in 2007, according to official data. Non-regional investors, mainly from the West, now own significant stakes of between eight per cent and 35 per cent in about 10 UAE-listed companies. Property firms and financials, such as construction company Arabtec, developers Aldar, Emaar and investment bank Shuaa Capital, were most popular with foreign investors. Logistics group Aramex and carrier Air Arabia ...  >>MORE

Foreign investors purchase Dh6.542 billion worth of shares on DFM

Posted on 30/12/2007

Dubai Financial Market announced that the value of shares and bonds bought by foreign investors, or non-UAE nationals, during last week (December 23 - December 27) reached Dh6.542 billion comprising 32.9 per cent of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh5.088 billion comprising 25.6 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh1.454 ...  >>MORE

Borse Dubai gets US$5.8b for acquisitions

Posted on 17/12/2007

Borse Dubai Ltd, which offered to buy OMX AB, agreed to US$5.8 billion of loans with a group of international banks to help pay for the acquisition and the shares of London Stock Exchange Group Ltd it plans to purchase. Borse Dubai got two one-year loans, one for US$4.2 billion and the other for US$1.6 billion, from a group of six banks led by HSBC Holdings Plc, data compiled by Bloomberg show. Bank of Tokyo-Mitsubishi UFJ Ltd, Barclays Capital, Citigroup Inc, Emirates NBD PJSC, and Goldman ...  >>MORE

US$71bn UAE shares traded in nine months

Posted on 17/12/2007

UAE equities investors exchanged nearly US$71 billion (Dh261bn) worth of shares in the first nine months of 2007 to turn the Gulf country into the third busiest bourse in the Arab world, according to official figures. Saudi Arabia remained by far the largest stock market in the Middle East, with turnover peaking at around US$533bn (Dh1.95bn) in the first nine months, nearly 67 per cent of the total Arab share value during that period, showed the figures by the Abu Dhabi-based Arab Monetary Fund ...  >>MORE

ADSM signs MoC with Taiwan Stock Exchange

Posted on 13/12/2007

Abu Dhabi Securities Market (ADSM) and Taiwan Stock Exchange Corporation (TSEC) signed a Memorandum of Cooperation (MoC). The MoC was signed by Rong I Wu, Chairman of TSEC, and for ADSM by Tom Healy , Director General. ADSM has already signed MOUs earlier this year with the Exchanges in Honk Kong and Singapore. Tom Healy, DG of ADSM said, 'This MoC is designed to open new horizons for ADSM to South Asia as well as the exchange of expertise between both exchanges. Moreover, this MoC will ...  >>MORE

ESCA signs MoU with New Zealand's SC

Posted on 09/12/2007

Emirates Securities & Commodities Authority (ESCA) has signed a Memorandum of Understanding with New Zealand's Securities Commission (SC) to enhance cooperation between the two regulatory bodies. The MoU was signed by Sheikha Lubna bint Khalid Al Qasimi, Minister of Economy & Chairperson of ESCA and Jane Diplock, Chairperson of SC. The MOU sets out arrangements for the two regulators to cooperate and share information in relation to enforcement of securities law. Under the MoU, the two ...  >>MORE

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

DIFC partners SOAS, UoL to offer MSc degree in Finance and Financial Law


Foreign investors purchase Dh1.753 billion worth of shares on DFM


MSCI may list UAE in emerging markets index


Damas plans IPO on DIFX


Foreign investors purchase Dh1.964 billion worth of shares on DFM


UAE bourses primed to outperform in second half of year


Saffar Capital receives DFSA License to Operate DIFC


ALDAR announces closure of Dh3.75 billion Sukuk


DIFC and Hong Kong Monetary Authority sign MOU


ADX unveils its five years strategic plan


DFSA enters into Memorandum of Understanding with Cyprus SEC


UAE and Qatar bourses top GCC performers


Esca approves margin trading after amendments


Abu Dhabi index to list Japan, Taiwan ETFs by year-end


Abu Dhabi renames stock market


Government of Dubai launches Dh15 billion medium term note programme


ESCA re-launches web site


Abu Dhabi Securities Market to hold roadshows in Singapore, Tokyo this week


ESCA approves insider-trading curbs


ADSM and NYSE Euronext Enter Strategic Cooperation Agreement


Foreign investors purchase 38.2pc of shares in a week at DFM


DIFC Authority releases 'Exempt Companies Regulations'


ADSM signs MoU with Karachi Stock Exchange


DIFC to enhance Arbitration Law


Ajman Bank to enlist on DFM in Dh550 million IPO


ESCA, BaFin sign cooperation agreement


DIFC Courts appoint first female judge


Global panic hits local markets


UAE stocks fall heavily to erase Dh26.4b in market capitalisation


Emirates Securities markets set to fare well in 2008: Lubna


UAE asks Arab nations to join capital markets union


DFM's preliminary annual net profit reaches Dh 1.4 billion for 2007


UAE stock markets poised for over Dh8.5b public offerings this year


UAE stocks start 2008 positively


Borse Dubai gets green light for NASDAQ investment


Global investors flock to UAE


Foreign investors purchase Dh6.542 billion worth of shares on DFM


Borse Dubai gets US$5.8b for acquisitions


US$71bn UAE shares traded in nine months


ADSM signs MoC with Taiwan Stock Exchange


ESCA signs MoU with New Zealand's SC