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

Dh1.5 billion worth of shares on DFM purchased by foreign investors in 2nd week of June 2007

Posted on 17/06/2007

Dubai Financial Market announced yesterday that the value of shares bought by foreign investors, or non-UAE nationals, during the 2nd week of June 2007, reached Dh1.483 billion, comprising 28 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 Dh1.216 billion, comprising 23 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh267.5 million during ...  >>MORE

Goldman Sachs opens office in DIFC

Posted on 11/06/2007

The new Goldman Sachs office in the Dubai International Financial Centre (DIFC) was inaugurated yesterday by Dr Omar Bin Sulaiman, governor of DIFC. Sulaiman welcomed Lloyd C. Blankfein, chairman of the board of directors of Goldman Sachs. Blankfein's visit to Dubai also coincides with the meeting of the Goldman Sachs board at the company's DIFC office. "[DFIC] is extremely pleased to welcome Lloyd C. Blankfein and the global leadership of Goldman Sachs to the DIFC. His long career in ...  >>MORE

Australian gold mining firm lists on DIFX

Posted on 11/06/2007

Monarch Gold Mining Company from Australia has announced the listing of its shares on Dubai International Financial Exchange (DIFX). Monarch, listed on the Australian Stock Exchange, is the third gold mining company to be listed on the DIFX. "The region has a traditional understanding of Monarch's product, gold, as well as a sophisticated investor base looking for quality overseas investment opportunities. Our goal is to have approximately 15 per cent of Monarch's shareholders to be based in ...  >>MORE

DIFC Investments issues Landmark US$ 1.25 bn Sukuk

Posted on 08/06/2007

DIFC Investments LLC, the investment arm of the Dubai International Financial Centre (DIFC), today announced the issue of a US$1.25 billion Sukuk (the Sukuk), the largest rated and the largest Straight Sukuk to come out of the region. The 5-year Sukuk, the first one to be entirely documented under DIFC Law, attracted a high level of international participation, with 67% of the Sukuk's subscription originating outside the region. The success of this first issue from DIFC Investments ...  >>MORE

ADSM tries to lure foreign investment

Posted on 03/06/2007

Abu Dhabi will showcase companies, including its largest bank in London and New York, this month to encourage foreign investment in Abu Dhabi Securities Market, the exchange said. Eleven companies, including National Bank of Abu Dhabi and Abu Dhabi National Energy (Taqa), the exchange's largest energy firm, will join the marketing trip arranged by the bourse of the Middle East's fourth-largest oil producer and HSBC Holdings Plc. "This is the first time that the Abu Dhabi market has gone to ...  >>MORE

Positive sentiment boosts UAE stock market indices

Posted on 28/05/2007

Heavy trading took place yesterday on UAE bourses with the total value exceeding Dh5.37 billion, of which Dh3.77 billion was accounted for by the Dubai Financial Market and Dh1.6 billion by its Abu Dhabi counterpart, the exchange's highest since last year. The UAE's general securities index surged by 3.68 per cent to 4,624.54, accumulating more than 14.7 per cent of gains since the beginning of 2007. In Dubai, the benchmark index advanced by 3.33 per cent to 4,480.80, with Emaar Properties ...  >>MORE

Abu Dhabi Securities Market signs MOU with Bahrain Stock Exchange

Posted on 27/05/2007

Abu Dhabi Securities Market (ADSM) and Bahrain Stock Exchange (BSE) signed yesterday a Memorandum of Understanding (MoU) in Manama capital of Bahrain. The MoU was signed by Rashed Al Baloushi Acting Director General of ADSM, and Fouad A. Rahman Rashid, Director of Bahrain Stock Exchange. The MoU is designed to enhance and strengthen cooperation between the two markets especially in the matters related to depository, clearing & settlement of securities that are allowed to deal in both Bahrain ...  >>MORE

Foreigners purchase Dh2.418b shares

Posted on 27/05/2007

Dubai Financial Market announced on Saturday that the value of shares bought by foreign investors or non-UAE nationals, during the third week of May 2007, reached Dh2.418 billion, comprising 34.4 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 Dh2.269 billion, comprising 32.3 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh150 million ...  >>MORE

High credit ratings widen DIFC Investments’ scope

Posted on 26/05/2007

DIFC Investments, the development and investment arm of Dubai International Financial Centre, has been awarded "A+ long-term” and "A-1 short-term” issuer credit ratings by Standard and Poor's (S&P) Ratings Services. DIFC Investments, which manages the DIFC's revenue generating operations, has also been awarded an "A1 long-term” local and foreign currency issuer rating by Moody's Investors Service. S&P said the high ratings are a reflection of DIFC Investments' continued backing from the ...  >>MORE

ESCA sign MoU with Korean counterpart

Posted on 24/05/2007

Seoul - Emirates Securities & Commodities Authority (ESCA) has signed a cooperation agreement with the South Korean Financial Supervisory Commission (FSC). A memorandum of understanding to that effect was signed here yesterday in the presence of Vice President, Prime Minister and ruler of Dubai, H.H. Sheikh Mohammed bin Rashid Al Maktoum and Korean Prime Minister, Han Duck Soo. Abdullah Salem Al-Turifi the CEO of ESCA signed the MoU for the UAE side, while Yon Yong Roo, Deputy Chairman of ...  >>MORE

Boulder Steel of Australia lists shares on DIFX

Posted on 16/05/2007

Boulder Steel Ltd., headquartered in Sydney, Australia, on Monday listed its ordinary shares on the Dubai International Financial Exchange (DIFX). The company's market capitalization is USD 150 million, and it is primarily listed on the Australian Stock Exchange (ASX). It is also listed on the Frankfurt, Berlin/Bremen, Stuttgart and Munich stock exchanges in Germany. The DIFX will offer trading of the same pool of Boulder Steel shares as the ASX does through a settlement link created by ...  >>MORE

Foreign investors purchase Dh3.5 billion worth of shares on DFM

Posted on 13/05/2007

Dubai Financial Market (DFM) announced on Saturday that the value of shares bought by foreign investors, or non-UAE nationals, between May 6th and 10th 2007, reached Dh3.5 billion, comprising 37.2 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 Dh2.891 billion, comprising 30.7 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached AED609 million ...  >>MORE

Abu Dhabi lands bourse registered Dh 1.2 billion sales

Posted on 08/05/2007

The total value of land transactions registered in Abu Dhabi last week stood at Dh 1.21 billion, according to a report by Department for Municipalities and Agriculture. Total value of mortgages during the week was Dh 1.18 billion while land sales recorded small value of Dh 25.9 million. Sale transactions for residential, agricultural and commercial lands were Dh 26.8 million, Dh4.2 million and Dh 4.8 million respectively. Khalifa City (A) emerged as the most favourite area in terms of the ...  >>MORE

DFSA enters into MoU with counterparts in Switzerland

Posted on 03/05/2007

The Dubai Financial Services Authority (DFSA) entered into Memoranda of Understanding this week with the national banking and securities regulators in Switzerland and Luxembourg. The MoUs signing coincided with a visit to Berne and Luxembourg by David Knott, Chief Executive of the DFSA. On April 30 in Berne, Knott met with Daniel Zuberbhler, Director of the Swiss Federal Banking Commission (the SFBC). Today in Luxembourg Knott met with Jean-Nicolas Schaus, Directeur General of Luxembourg's ...  >>MORE

ESCA issues corporate governance controls

Posted on 30/04/2007

Emirates Securities and Commodities Authority (ESCA) has issued corporate governance controls which aim at creating an internal control systems for listed public joint stock companies. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Economy and Chairperson of ESCA, said these controls contribute to laying down foundations for relationship between CEO's, boards of directors and shareholders and strengthen the organisational structure of companies. 'These regulations will help companies ...  >>MORE

Foreign investors purchase Dh2.1 billion worth of shares on DFM

Posted on 29/04/2007

Dubai Financial Market (DFM) announced yesterday that the value of shares bought by foreign investors, or non-UAE nationals, during the 4th week of April 2007 reached Dh2.1 billion, comprising 29.7 per cent of the total value of stocks traded during the period. The DFM said the value of stocks sold by foreign investors during the same period stood at Dh2.2 billion, comprising 30.4 per cent of the total value of stocks traded during the period, while the value of stocks bought by ...  >>MORE

Two Asian investors want to acquire stake in DIFX

Posted on 28/04/2007

The Dubai International Financial Exchange (DIFX) continues to be an attractive proposition for international investors, with two of them from Asia making an approach to the Dubai International Financial Centre (DIFC), of which the exchange is a part, a top executive has said. Dr Omar bin Sulaiman, the Governor of the DIFC, said two Asian investors have approached the centre to take a stake in the DIFX, which was formed in 2005. "There are two parties from Asia,” Bin Sulaiman said in ...  >>MORE

DME receives licence from Dubai to begin operations

Posted on 27/04/2007

The Dubai Mercantile Exchange (DME), the Middle East sour crude futures exchange, has received a licence to operate in Dubai from the Dubai Financial Services Authority, a DFSA official said yesterday. Gary King, Chief Executive Officer of the DME, confirmed it has received the licence. The DFSA licence was one of the last elements delaying the launch of the DME, which recently revised its launch date from May 1 to June 1.The revision coincided with the announcement by Intercontinental ...  >>MORE

ADSM becomes an Affiliate member of IOSCO

Posted on 24/04/2007

Abu Dhabi Securities Market has become an affiliate member of the "International Organization of Securities Commissions" (IOSCO). "Becoming an affiliate member of IOSCO will enable us to benefit from the exchange of the international expertise of high standards, laws, regulations and legislation applicable in the global financial markets in order to implement the international best practices that reflect positively ADSM position on the map of the global financial markets," said Rashed Al ...  >>MORE

Foreigners buy Dh17b of shares

Posted on 04/04/2007

The Dubai Financial Market says the value of shares bought by foreign investors, or non-UAE nationals, during the first quarter of 2007 reached Dh17 billion, comprising 40 per cent of total value shares bought during that period. The value of stocks sold by foreign investors during the first quarter of 2007 reached Dh14 billion, comprising 33 per cent of the total value of stocks sold during the period. Net foreign investment on the market increased by 272 per cent to Dh3 billion during the ...  >>MORE

DIFC in talks with LSE for stake and joint operations

Posted on 31/03/2007

The Dubai International Financial Exchange (DIFC) is in talks with the London Stock Exchange (LSE) on a range of issues such as technology sharing and cross listing, including the possibility of the Dubai entity acquiring a stake in the European bourse, a person close to the deal said. "The talks are exploratory,” the person said from London. LSE, which has been a takeover target for several companies, has so far rejected all suitors. DIFC last year acquired a 3.48 per cent stake in ...  >>MORE

UAE stocks end week in the red

Posted on 30/03/2007

UAE stocks followed regional markets' downturn this week recording 2.7 per cent or Dh13.7 billion of losses in market capitalisation, of which Dh9.6 billion were in Abu Dhabi and Dh4.1 billion in Dubai. The Emirates Securities general index lost 1.66 per cent of its value to close at 3,817.61, accumulating 5.3 per cent of losses in 2007 according to the weekly report of Emirates Securities. Most of the losses were recorded in the Abu Dhabi Securities Market, as most of the blue chips ...  >>MORE

ADSM changes same share selling rules

Posted on 30/03/2007

Abu Dhabi Securities Market (ADSM) announced yesterday the amendment of the Cross-Trading Mechanism, eliminating the time factor required for a broker to carry out similar sell and purchase orders on the same shares as from April 1. The process, which is legal in Dubai Financial Market, was penalised in Abu Dhabi and brokers were subject to heavy fines whenever they carry out any such transaction. "Investors were less aware in the past which necessitated the introduction of such ...  >>MORE

DIFC plans US$2b in acquisitions

Posted on 26/03/2007

The Dubai International Financial Centre (DIFC) said yesterday it planned to spend more than US$2 billion on acquisitions this year, including a stake in a Western European financial services company. The DIFC, which last year bought a 3.48 per cent stake in European stock market operator Euronext, will likely conclude at least one acquisition before July, said Nasser Al Sha'ali, chief executive of DIFC Authority. "Euronext was a taster if you will. There will be others coming along," Al ...  >>MORE

DFSA enters into MoU with Netherlands Financial Markets Authority

Posted on 08/03/2007

Dubai Financial Services Authority (DFSA) and Netherlands Financial Markets Authority (AFM) signed today a Memorandum of Understanding (MoU) with the the MoU signing coincided with a visit to the DIFC by Arthur Docters van Leeuwen, chairman of the AFM and inaugural chairman of the Committee of European Securities Regulators (CESR). Established on 1 March 2002, the AFM is responsible for supervising the conduct of the entire financial market sector: savings, investment, insurance and loans. ...  >>MORE

Abu Dhabi's economic development a huge success story - Buchholz

Posted on 06/03/2007

Abu Dhabi's economic development is a huge success story and is sustainable in the long-term, said former White House policy advisor, Todd Buchholz. Buchholz was speaking alongside Rashed Al Baloushi, Acting Director General of Abu Dhabi Securities Market (ADSM), at a news conference in Abu Dhabi ahead of the ADSM Leadership Forum: Exchange Traded Funds - Challenges and Opportunities. The Forum will be held at the Emirates Palace Hotel on Wednesday 7th March. Buchholz who is a world ...  >>MORE

Dubai exchange to list its own shares on March 7

Posted on 26/02/2007

The Dubai Financial Market (DFM) said yesterday the listing of the Dubai Financial Market Company (DFMC) will take place on March 7. DFMC will be the 50th company to list its shares on the market. The listing has been approved by the Emirates Securities and Commodities Authorities (Esca). The company's paid up capital is Dh8 billion, consisting of as many shares, and it recently offered 20 per cent, or 1.6 billion shares, to the public. In the run-up to the listing, DFM asked investors ...  >>MORE

DME to start oil futures trading on May 1 with three Oman contracts

Posted on 21/02/2007

The Dubai Mercantile Exchange (DME), a joint venture between Dubai Holding and the New York Mercantile Exchange, said it will launch its Oman futures contract on May 1. There will be three contracts to be traded on the launch day, DME Chief Executive Gary King told Gulf News yesterday. The three initial contracts are the physically delivered Oman Crude Oil Futures Contract and two financially settled contracts, Brent-Oman spread and WTI-Oman spread. DME, located in the Dubai International ...  >>MORE

Trading scam smashed

Posted on 16/02/2007

The Dubai Financial Services Authority (DFSA) said on Thursday it has broken a global currency trading scam. The scam invited investors in Australia and Singapore to put their money in fictitious entities which claimed to be based in the Dubai International Financial Centre (DIFC). One alleged operative, who liaised with potential investors using a UAE phone number, has been arrested in Dubai. At least six fraud victims contacted the DIFC regulator, leading to a four-week investigation. ...  >>MORE

SCA, UK's SII sign memorandum of cooperation

Posted on 13/02/2007

Emirates Securities and Commodities Authority (SCA) and UK's Securities & Investment Institute (SII) signed yesterday a Memorandum of Cooperation for providing training schemes for brokers and individuals involved in securities and investment. The memorandum was signed by CEO of SCA Abdullah Al Traifi and SII Director General Ruth Martin. Present at the signing ceremony were UAE Minister of Economy Sheikha Lubna Al Qasimi and Lord Mayor of London John Stuttard. According to the ...  >>MORE

Merrill Lynch Becomes DIFX Market Maker

Posted on 07/02/2007

London - Merrill Lynch and the DIFX today announced that it has agreed to provide continuous buy and sell prices for Hikma Pharmaceuticals plc on the Dubai International Financial Exchange (DIFX), to provide liquidity in the company's securities. Jeffery Culpepper, Head of Global Markets and Investment Banking, Merrill Lynch said: "We are delighted to be strengthening our involvement with the region's international exchange through this commitment to make a market in Hikma. Market making is ...  >>MORE

Esca given power over public firms

Posted on 06/02/2007

The Emirates Securities and Commodities Authority (Esca) announced yesterday that it is now the concerned government entity to receive applications for establishing new public shareholding companies in the country. The authority's announcement comes according to the Ministerial Services Council's decision No 3/3. Accordingly, any party wishing to establish a public shareholding company will have to apply at the authority, rather than the Ministry of Economy. However, there was no official ...  >>MORE

Esca says 95% of firms met deadline for disclosure

Posted on 05/02/2007

Emirates Securities and Commodities Authority (Esca) announced yesterday that more than 95 per cent of the brokerage firms complied with the grace period granted to disclose their financial results. "The authority will announce soon the exact rate of compliance, and we will take the legal measures specified for dealing with those brokerage firms that did not comply by disclosing during the specified period which ended yesterday, Sunday, February 4," an official from the authority told Gulf ...  >>MORE

UAE equities recover Dh15.5b of their value

Posted on 28/01/2007

UAE stocks recovered Dh15.5 billion of their market value last week, thanks to the strong annual results posted so far for last year. All the leading shares touched levels long forgotten, with a bullish performance for Emaar Properties, Dubai Investments (DIC), Dubai Islamic Bank (DIB), Abu Dhabi Islamic Bank(ADIB) and etisalat. The value and volume of traded shares increased remarkably by 87.2 and 62 per cent respectively, despite the shorter four-day week, due to Sunday's public holiday, ...  >>MORE

Dubai Financial Market unveils 2006 biannual (More Active Stocks) list

Posted on 16/01/2007

Dubai Financial Market (DFM) today unveiled its 2006 biannual "More Active Stocks" list that comprises most actively traded stocks during July 1, 2006 - December 31, 2006. The "More Active Stocks" category now includes 13 companies namely: Tamweel, Amlak, Islamic Arab Insurance Company, Arabtec, Aramex, Tabreed, Dubai Investment Company, Emaar, Aman, Du, Shuaa Capital, Dubai Islamic Bank and Union Properties. The "More Active Stocks" category allows share prices to move up or down by a ...  >>MORE

Fujairah Trade Centre lists on Abu Dhabi Securities Market

Posted on 10/01/2007

Fujairah Trade Centre yesterday listed its stock with a capital of Dh 63.3 million on Abu Dhabi Securities Market (ADSM). Fujairah Trade Centre is the 62nd company to be listed in Abu Dhabi and brings the number of companies in the consumer sector up to nine. Fujairah Trade Centre has listed its shares on ADSM with a face value of Dh 10 per share. The company's stock can be traded by GCC nationals only. Fujairah Trade Centre was established 20 years ago and has 13 shareholders. ADSM now ...  >>MORE

Two brokerage firms suspended, 21 others warned

Posted on 03/01/2007

The Emirates Securities and Commodities Authority (ESCA) has decided to ban two brokerage companies from carrying out stock buying transactions for non compliance with rules and regulations. The two companies are Al Safwa Islamic Financial Services and Golden Gate Securities. ESCA also issued warning letters to other four companies, asking them to prove their compliance with regulations before next Thursday. Another 17 companies were also warned for failing to complete their licensing ...  >>MORE

UAE bourse 'needs more institutional investors'

Posted on 02/01/2007

Looking back on the year gone by, allowing local companies to buy back shares when the stock prices were declining fast was not the ideal time to introduce such a measure, the head of Emirates Financial Services (EFS) said. "Stretched valuations, bouts of profit taking, day and intra-week trading tendencies are all signals of the market getting heated up and that's not the best time to introduce structural reforms or even measures like buyback of shares," said Suresh Kumar, CEO of Emirates ...  >>MORE

ADSM, Lahore bourse sign cross-listing MoU

Posted on 25/12/2006

Abu Dhabi Securities Market (ADSM) and Pakistan's Lahore Stock Exchange signed yesterday a Memorandum of Understanding to boost joint cooperation and cross-list companies. ADSM Acting Director General Rashid Baloushi said he expected 10 Pakistani companies at least to list on ADSM in the first quarter of 2007. New comers to ADSM are expected to be from the banking and telecom sectors in Lahore. This agreement follows one signed by the ADSM and the Central Depository Company of Pakistan ...  >>MORE

ADSM to implement rules enhancing transparency

Posted on 21/12/2006

Abu Dhabi Securities Market (ADSM) yesterday announced that it is bringing in a number of far-reaching reforms to its rules and regulations that will enhance disclosure improve transparency and heighten investors' risk awareness. The rules will also lead to new levels of professionalism among brokers operating in Abu Dhabi's financial market. These initiatives are part of ADSM's best practices programme and will secure the market's position as one of the leading exchanges in the Middle East ...  >>MORE

UAE, Syrian bourses ink MoU

Posted on 20/12/2006

Stock markets in the UAE and Syria signed yesterday a Memorandum of Understanding (MoU) for joint cooperation. The conclusion of the MoU followed talks on Monday between President H.H. Sheikh Khalifa bin Zayed Al Nahyan and his Syrian counterpart Bashar Al Assad. The agreements called for enhancing joint cooperation in areas like exchange of information, protection of share investors, joint listing, training and other administrative and legislative matters. Executive Chairman of Emirates ...  >>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

Dh1.5 billion worth of shares on DFM purchased by foreign investors in 2nd week of June 2007


Goldman Sachs opens office in DIFC


Australian gold mining firm lists on DIFX


DIFC Investments issues Landmark US$ 1.25 bn Sukuk


ADSM tries to lure foreign investment


Positive sentiment boosts UAE stock market indices


Abu Dhabi Securities Market signs MOU with Bahrain Stock Exchange


Foreigners purchase Dh2.418b shares


High credit ratings widen DIFC Investments’ scope


ESCA sign MoU with Korean counterpart


Boulder Steel of Australia lists shares on DIFX


Foreign investors purchase Dh3.5 billion worth of shares on DFM


Abu Dhabi lands bourse registered Dh 1.2 billion sales


DFSA enters into MoU with counterparts in Switzerland


ESCA issues corporate governance controls


Foreign investors purchase Dh2.1 billion worth of shares on DFM


Two Asian investors want to acquire stake in DIFX


DME receives licence from Dubai to begin operations


ADSM becomes an Affiliate member of IOSCO


Foreigners buy Dh17b of shares


DIFC in talks with LSE for stake and joint operations


UAE stocks end week in the red


ADSM changes same share selling rules


DIFC plans US$2b in acquisitions


DFSA enters into MoU with Netherlands Financial Markets Authority


Abu Dhabi's economic development a huge success story - Buchholz


Dubai exchange to list its own shares on March 7


DME to start oil futures trading on May 1 with three Oman contracts


Trading scam smashed


SCA, UK's SII sign memorandum of cooperation


Merrill Lynch Becomes DIFX Market Maker


Esca given power over public firms


Esca says 95% of firms met deadline for disclosure


UAE equities recover Dh15.5b of their value


Dubai Financial Market unveils 2006 biannual (More Active Stocks) list


Fujairah Trade Centre lists on Abu Dhabi Securities Market


Two brokerage firms suspended, 21 others warned


UAE bourse 'needs more institutional investors'


ADSM, Lahore bourse sign cross-listing MoU


ADSM to implement rules enhancing transparency


UAE, Syrian bourses ink MoU