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Dubai 08/02/2012

04:56 : MIDEAST STOCKS - Factors to watch - Feb 8 - DUBAI, Feb 8 (Reuters) - Here are factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.
Source : reuters-com

Dubai 05/02/2012

21:17 : Dubai abandons $10bn debt restructuring - Dubai's government has walked away from the $10bn debt restructuring of one of its biggest conglomerates, leaving creditors, including RBS, with exposure to potentially big losses.
Source : telegraph-co-uk
15:27 : MIDEAST STOCKS-Dubai surges to 4-month high; Gulf markets up - DUBAI, Feb 5 (Reuters) - Gulf markets ended higher on Sunday, with Dubai's index hitting a four-month high following strong quarterly results, in what traders said could be a new upward phase for the emirate's market.
Source : reuters-com
05:51 : Dubai's Deyaar swings to full-year profit - DUBAI, Feb 5 (Reuters) - Deyaar Development, Dubai's second largest developer by market value, swung to a small profit in 2011, it said in a statement to the Dubai bourse on Sunday.
Source : reuters-com

Dubai 02/02/2012

08:23 : Company offers same quality education as top public schools for half the ... - Dubai-based firm plans to make high-class private schooling affordable for 'huge swaths' of the British middle classesA for-profit company is setting up private schools that claim to offer the same quality education as top public schools but for half ...
Source : guardian-co-uk
04:43 : MIDEAST STOCKS - Factors to watch - Feb 2 - DUBAI, Feb 2 (Reuters) - Here are factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.
Source : reuters-com

Dubai 01/02/2012

16:49 : UPDATE 1-Dubai Mashreq Q4 net falls; fee, interest income down - DUBAI, Feb 1 (Reuters) - Mashreq bank, Dubai's second-largest lender by market value, saw its quarterly net profit fall by nearly 59 percent as interest and fee income decreased in the year.
Source : reuters-com
15:30 : MIDEAST STOCKS-Dubai at 4-mth high on Q4 optimism, Egypt extends gains - DUBAI, Feb 1 (Reuters) - Dubai's bourse climbed to a four-month high on Wednesday, as hopes of strong earnings and rising European stocks lifted sentiment, and Egypt's market extended a rally on optimism about the political environment.
Source : reuters-com

Dubai 30/01/2012

10:48 : Dubai Investments posts 2011 profit drop - statement - DUBAI, Jan 30 (Reuters) - Dubai Investments said on Monday it made a net profit of 202.5 million dirhams in 2011, down from 805 million dirhams in the previous year.
Source : reuters-com

Dubai 29/01/2012

15:35 : Qatar lender Masraf Al Rayan 2011 profit up 16 pct - DUBAI, Jan 29 (Reuters) - Masraf Al Rayan, Qatar's fourth-largest bank by market value, posted a 16.3 percent increase in full-year net profit, it said in a statement on Sunday.
Source : reuters-com
14:27 : Qatar sov fund to buy Credit Suisse London HQ-sources - DUBAI, Jan 29 (Reuters) - Qatar's sovereign wealth fund Qatar Investment Authority (QIA), is in the final stages of acquiring Credit Suisse's headquarters in London and may sign the deal in a few weeks, two sources familiar with ...
Source : reuters-com
12:02 : Emirates NBD investment banking CEO to leave - sources - DUBAI, Jan 29 (Reuters) - The chief executive of Dubai lender Emirates NBD's investment banking division is leaving the bank, three sources familiar with the matter said.
Source : reuters-com
10:53 : Dubai's Tamweel reports Q4 profit jump - DUBAI, Jan 29 (Reuters) - Tamweel, the Dubai-based sharia-compliant mortgage lender, made a fourth-quarter net profit of 31 million dirhams ($8.44 million), the company said in a statement on Sunday, up from 8 million dirhams ...
Source : reuters-com

Dubai 25/01/2012

15:39 : MIDEAST STOCKS-Dubai at 6-week high on property hopes; Gulf mostly up - DUBAI, Jan 25 (Reuters) - Dubai's bourse jumped to a six-week high on Wednesday, as property stocks surged on hopes that Abu Dhabi's decision to restart stalled projects including the Louvre and Guggenheim museum branches would ...
Source : reuters-com
12:25 : Hi-End Dubai-Based Forex VPS - BW Hosting is a Dubai (UAE) based IT company that, among other services, offers a high quality but very expensive VPS hosting specifically for Forex traders. They pre-install the MetaTrader platform (both MT4 and MT5 versions) ...
Source : earnforex-com

Dubai 24/01/2012

13:14 : Dubai's Majid al Futtaim announces sukuk roadshow - lead - DUBAI, Jan 24 (Reuters) - Dubai's Majid al Futtaim will begin meeting investors on Sunday ahead of a potential Islamic bond, or sukuk, issue, a statement from the lead managers said on Tuesday.
Source : reuters-com

Dubai 22/01/2012

14:39 : UPDATE 1-Kuwait's Global, KAMCO cut nearly 100 jobs - sources - DUBAI, Jan 22 (Reuters) - Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions.
Source : reuters-com
12:16 : M.Stanley names MidEast investment banking co-heads - DUBAI, Jan 22 (Reuters) - Morgan Stanley appointed Klaus Froehlich and Amr Diab as its investment banking co-heads for the Middle East and North Africa (MENA), a spokesman for the bank confirmed on Sunday.
Source : reuters-com
12:16 : Kuwait's Global Investment, KAMCO cut nearly 100 jobs - sources - DUBAI, Jan 22 (Reuters) - Kuwait's Global Investment House has laid off 17 percent of its staff, or 60 employees, across the region as part of cost-cutting measures at the debt-laden firm, two sources said Sunday.
Source : reuters-com

Dubai 18/01/2012

15:38 : Egypt preparing to issue Islamic bond - source - DUBAI, Jan 18 (Reuters) - Egypt, which has been forced to rely on local banks for funds in the wake of last year's popular revolt, is laying the groundwork for a debut sovereign Islamic bond, or sukuk, said a person familiar with ...
Source : reuters-com
12:06 : China unlikely to prise open Saudi oil vault - DUBAI (Reuters) - Saudi Arabia is unlikely to reverse its decades-old policy of prohibiting foreign involvement in oil exploration and production, despite a plea from China for the world's leading ...
Source : reuters-com

Dubai 17/01/2012

14:32 : Dana Gas hires Deutsche to explore $1 bln sukuk options - sources - DUBAI, Jan 17 (Reuters) - Dana Gas has hired Deutsche Bank as its financial advisor to explore options for meeting its $1 billion convertible sukuk maturity in October, three sources told Reuters on Tuesday.
Source : reuters-com

Dubai 16/01/2012

06:56 : RBS to sell Mideast M&A ops - regional head - DUBAI, Jan 16 (Reuters) - Royal Bank of Scotland plans to sell its mergers and acquisitions business in the Middle East and cut several jobs as part of a global restructuring at the U.K. lender, its regional head ...
Source : reuters-com
06:23 : RBS eyes sale of MidEast cash equities, M&A business - sources - DUBAI (Reuters) - Royal Bank of Scotland is in talks to sell its cash equity and mergers and acquisitions business in the Middle East as part of a global restructuring at the U.K. lender, two sources familiar ...
Source : reuters-com

Dubai 15/01/2012

16:12 : Life science firms Middle East-bound - Scores of British life sciences and health-technology companies are set to descend on Dubai as they aim to increase their footprint in the burgeoning Middle Eastern health-care market.
Source : telegraph-co-uk
11:11 : Dubai Shares Fall to Lowest Since June 2004 on Earnings Concern - Dubai's benchmark stock index was poised for the lowest close in more than seven years on investor speculation full-year earnings may disappoint and after France and Austria were stripped of their top ratings.
Source : businessweek-com
10:34 : IFC plans $1 bln MENA investments by end-June - regional exec - DUBAI, Jan 15 (Reuters) - International Finance Corp. , a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, ...
Source : reuters-com
08:17 : Kuwait's KIPCO prices $286 mln local currency bond - lead - DUBAI, Jan 15 (Reuters) - Kuwait Projects Co (KIPCO), the Gulf state's largest investment company, has closed an 80 million dinar ($286 million) bond issue, one of the lead managers said on Sunday.
Source : reuters-com
07:37 : Dubai Brokers Choose Sandwiches Over Stocks as Volume Sinks - Nabil Rantisi, who sold stocks during the United Arab Emirates' boom, now oversees orders of roast beef and Yorkshire pudding wraps from crowds including former clients.
Source : businessweek-com
05:59 : Oman's Bank Muscat posts slight Q4 profit rise - DUBAI, Jan 15 (Reuters) - Oman's Bank Muscat posted a fourth-quarter net profit of 30.4 million rials ($79 million), a small rise on the same quarter last year, according to a regulatory filing posted on Sunday.
Source : reuters-com
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