07/29/2012

Emaar Q2 profit soars 146%

The second quarter profit beats the forecasts of three analysts polled by Reuters, who on average had expected Emaar would make a net profit of Dh516.33 million.

07/29/2012

Leading Swiss private bank launches new fund

The fund invests in securities of companies located throughout the world that are engaged in mining or processing gold, a statement from the bank said. A part of the net assets of the fund can be invested in companies that mine or process other precious m

07/25/2012

Insurance key as new investment frontiers open up

The newfound interest in developing countries is also being marked by a shift in expectations about these new investment frontiers, which have been growing at a rapid clip for more than a decade.

07/24/2012

DIFC grew by 7% in 2011

The Dubai International Financial Centre (DIFC), the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas, issued its fifth annual Economic Activity Survey Report.

07/23/2012

Saudi mortgage law to boost takaful industry

However, perhaps the most important key driver of insurance in the Kingdom, as in many countries, is compulsion through government policy and legislation such as compulsory health insurance for expatriate workers and motor third party liability insurance

07/22/2012

Gulf bond issuance activity to remain fairly robust

The report noted that a number of regional governments are interested in using bonds and sukuk as a liquidity management tool while stimulating the development of the capital markets more broadly.

07/19/2012

UAE brokerages under threat as volumes fall further

First-quarter trading activity surged from a low of Dh62 million (US$16.8m) a day in January to a peak of Dh981m in March as sentiment and investor appetite for riskier asset classes improved, causing many brokerages to postpone plans to shut down.

07/18/2012

Bofa-ML study bullish over Dubai property

The research stated that if those jobs were created, and the new population had an average household size of three people, Dubai would see demand for an extra 317,000 units, or 94 percent of current stock.

07/18/2012

Bahrain Boosts Investor Confidence

The first conventional bond issue in two years was oversubscribed by 400 percent by investors from the United States, Asia and Europe.