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HuaweiDUBAI — Dubai Financial Market’s General Index, or DFMGI, on Tuesday reached a nine-week closing high as low valuations draw in buyers ahead of a Dubai World debt offer, which is expected to be unveiled this month.
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ABU DHABI/VIENNA — UAE Minister of Energy Mohammad bin Dhaen Al Hamili has said that the current level of oil prices — which are in the range of $70-80 a barrel — are “acceptable and reasonable’’ for both producers and consumers.
DUBAI - According to a research conducted by Value Partners, a leading global management consulting firm, insurance premiums in the Gulf Corporation Council (GCC) reached an overall volume of $10.6 billion last year, showing a massive 28 per cent year-on-year growth rate. This compares to a worldwide growth of 3.4 per cent in nominal US dollar terms, implying stagnation in real terms.
ABU DHABI - The newly setup Statistics Center- Abu Dhabi (SCAD) has announced its strategic plan under which it will track 629 statistical indicators by 2014.
ABU DHABI — Dubai International Airport continued to lead the surge in air traffic movements in the UAE in February, according to the latest monthly report released by the General Civil Aviation Authority, or GCAA.
DUBAI — UAE markets on Sunday start the new week on positive note as investor confidence rose amid hopes that the Dubai World’s multi-billion dollar debt restructuring plan may get the government support.
DUBAI — Shuaa Capital announced the appointment of David Deards as its new Chief Financial Officer from March 1, 2010. Previously David was Group CFO of Alliance Trust, a FTSE 100 investment company.
DUBAI — The emirate of Sharjah was awarded the ‘Best Arab World Exhibitor Award’ at the International Tourism Bourse in Berlin, Germany.
RAS AL KHAIMAH — The RAK Investment Authority, or RAKIA, the government body responsible for attracting foreign direct investment for the Government of Ras Al Khaimah and Horasis, an International Swiss Organisation from Geneva, will jointly host the inaugural Global Arab Business Meeting in the emirate on September 26 and 27.
DUBAI — Emirates NBD announced on Saturday the launch of the Emirates MENA Fixed Income Fund. The fund will be managed by Emirates NBD Asset Management Limited, a provider of a full range of investment products and services and the asset management arm of the Emirates NBD group, the largest banking group in the Middle East in terms of assets.