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Kuwait's bourse extended sharp year-to-date gains in heavy trading, while profit-taking weighed on bourses in the UAE and other markets were mixed. Kuwait's index rose 1.3 percent to hit a fresh 46-month high, trading 111 million dinars ($387.9
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National Bonds has reported a 142 per cent increase in the total Employee Savings Plan (ESP) contributions from all participating companies in the UAE over the last year. As of last count, there are more than 1,000 employees covered by the programme.
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Times News Service/Agencies May 14, 2013 , 9 : 16 pm Dubai: Shuaa Capital, the investment bank controlled by Dubai's ruler, said its first-quarter loss narrowed after reducing costs by 37 per cent. The net loss was Dh5.9 million ($1.6 million)
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The MSM30 Index closed with gains at 6264.68 points, up by 0.20 per cent. Gulf Investment Services was the most active in terms of volume as well as turnover. Al Hassan Engineering remained as the top gainer for the day to close up by 3.24 per cent,
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08 pm Dubai: Dubai's benchmark stock index rose to the highest level in more than three years as investors sought cheap valuations amid an economic recovery in the emirate...Dubai's DFM General Index climbed 1.9 percent to 2,168.80, the highest since
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Downbeat global sentiment weighed on Middle East markets yesterday, with Egypt's bourse further shaken by a court ruling freezing assets of 23 businessmen on allegations of stock market manipulation in 2007. The surprise decision by eurozone leaders
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Banks helped lift the Abu Dhabi and Dubai bourses yesterday as investors bet on a fundamental improvement in the sector, while most other regional markets also gained. The UAE capital's index climbed 0.6 percent, up for a sixth straight
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Abu Dhabi's Eshraq Properties said on Tuesday it was seeking regulatory approvals for a cross listing of its shares in Saudi Arabia. The real estate developer, which went public in 2011, said it was coordinating with the UAE's Securities and
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Commercial buildings are seen across the Bur Dubai creek in Dubai, October 18, 2011. Investment bank Shuaa Capital , hard hit by the global financial crisis, plans to provide shariah-compliant lending to businesses in Saudi Arabia as part of a new
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Shuaa Capital announced on Wednesday that its wholly-owned subsidiary, Gulf Finance Corporation, a leading UAE-based boutique finance company focused on the needs of Small- and Medium-sized Enterprises (SMEs), has engaged with the UAE central bank
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