The Dubai Financial Market (DFM) index again closed in the negative territory yesterday as the global and regional market sentiments remained largely bearish on negative global economic growth sentiments.
However, the volume of shares traded on the market remain thin due to a lack of risk appetite among investors.
The global financial markets have all but wiped out the gains made in 2012 on fears of a disorderly sovereign debt default by Greece. As well, a slowing US economy and China’s growth momentum losing traction are also adding to concerns that the global economy would contract during the second half this year.
Analysts say the regional markets are trading with a negative bias as international oil prices which are a major support to their economy are falling.
Dolphin’s export gas compressor upgrade project commissioning
A major upgrade of Dolphin Energy’s export gas compressor at Ras Laffan will enable capacity increase to 3.2bn standard cubic feet a day (scf/d) from the current average rate of 2bn scf/d.
‘UAE’s sound economic policy pays off’
His Highness Shaikh Humaid bin Rashid Al Nuaimi, Member of Supreme Council and Ruler of Ajman, said on Wednesday that the sound economic policy adopted by the UAE, under the leadership of the Preside
KFH sponsors 12 graduation projects
Kuwait Finance House (KFH) took part in the 24th Engineering Design Expo for the College of Engineering and Petroleum at Kuwait University.
KFH sponsored several projects prepared by a gr
Emirates NBD launches $1 bn bond
Emirates NBD launched a $ 1 billion core capital-boosting bond yesterday, amid healthy
demand, allowing the Dubai lender to tighten earlier price guidance.
The Tier 1 bond launched at a f
Flydubai begins Salalah flights
Flydubai on Wednesday began flights to Salalah, in the Sultanate of Oman, bringing its operational network to 60 destinations.
The airline also launched flights to the Sri Lankan city of