The DFM General Index advanced a quarter percentage point Thursday, closing at 1,467.03 points. Relief came from the Euro zone after indebted Spain sais Saturday it seeks financial "support" (loan) worth EUR100bn ($125bn) from the Euro group for its troubled banks. The IMF praised Spain's move. In Dubai, Emaar Properties added 0.36% to hit Dhs2.86. Union Properties soared 2.23%, ending at Dhs0.412. Market breadth was balanced as 12 shares advanced, while 11 declined (four stocks closed unchanged). Investment bank Shuaa Capital dived 2.37% to hit Dhs0.66. Around 75.4m shares were traded, valued at Dhs74m.
KSA heading for 7.6% nonoil growth in 2013
Inflationary pressure is likely to continue to remain subdued in the Kingdom this year in the absence of external shocks to food prices, says a top Riyadh-based economist.
IMF stays upbeat on Dubai
The International Monetary Fund, or IMF, said on Tuesday that it was confident of Dubai’s ability to meet all financial obligations given its track record of successfully managing payment reschedulin
ADCB-IBD signs MoU with Omeir Travel Agency
Islamic Banking Division (ADCB-IBD) announced the signing of a memorandum of understanding with Omeir Travel Agency, to provide eligible customers of Omeir Travel Agency with its newly launched Servi
A Court Ruling In Favor Of Barwa
On April last year, Barwa Real Estate Group announced that a court ruling by Dubai International Arbitration Centre has been issued to obligate Barwa International Company and The Green City Compan