The DFM General Index ended a roller coaster Wednesday trading session down 0.30% to close at 1,470.61 points. New worries about more bank defaults in Spain, where prices of Credit Default Swaps shot up, dragged global equity indexes down. For the second day in a row, Union Properties posted the largest advance (up 2.54% at Dhs0.404. Emaar Properties added 1.04% to reach Dhs2.91. Bank shares performed mostly waeker. Shuaa Capital fell 7.27%, while Commercial Bank of Dubai, the 9th largest lender in the UAE, dived 4.91%. But according to Mashreq Bank's Chairman Abdul Aziz Al Ghurair, the UAE's public and private sector's exposure to the finance sector in the "Club Med" (i. e. the southern European states) is insignificant. Around 93.7m shares were traded, valued at Dhs101.8m.
Emirates opens refurbished lounge at Paris airport
Emirates, has inaugurated its refurbished Paris Charles de Gaulle Lounge for First Class and Business Class passengers as well as Platinum and Gold members of Emirates Skywards - the airline’s freque
Expansion to up Riyadh airport capacity to 35 m
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FGB 3rd most powerful UAE firm: Forbes
First Gulf Bank, or FGB, has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes’ Top 500 in the Arab World list.