Middle East
Middle East | 7 Aug 12
confusion as uaes esca unveils funds rules
Asset managers in the United Arab Emirates said today that they were struggling to get clarity on new regulations covering investment funds that were unveiled at the end of July by the Emirati Security & Commodities Authority.
Middle East | 6 Aug 12
real estate transactions in dubai
Land and property transactions in Dubai increased by 21% in the first half of this year compared to the first half of 2011, reaching AED63bn ($17bn, 14bn).
Middle East | 31 Jul 12
qatars masraf al rayan unveils shariah compliant
Masraf al Rayan, Qatars largest Islamic bank and its fourth-largest bank by market value, has set up an independent brokerage subsidiary that it says will buy and sell various Shariah-compliant financial instruments for all types of investors.
Middle East | 25 Jul 12
DIFC’s contribution to UAE GDP grows to 1.4% in 2011
The Dubai International Finance Centre grew by 7% last year, according to data released today, accounting for 1.4% of the United Arab Emirates total GDP.
Middle East | 16 Jul 12
standard chartered unveils enhanced online
Standard Chartered, the UK-based, globally-focussed banking group, yesterday unveiled details of what it said was an enhanced online banking foreign exchange service, which it said gives corporate clients in the UAE, Bahrain, Qatar and Oman access, via its internet portal, to some 130 currencies.