Dubai Informer

Dubai Financial Market (DFM) announced today that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2010 results within the deadline of 45 days from the end of the period. The total number of UAE public joint stock companies listed at DFM which disclosed their second quarter results [...]

The value of equities traded on NASDAQ Dubai rose by 52 per cent in the first six months of 2010 to 728 million dollars, from 479 million dollars in the same period of 2009. Equities volumes fell by 10 per cent to 1.58 billion shares in the same period, from 1.75 billion. Measured by percentage [...]

All systems are go for trading of Nasdaq Dubai’s listed equity stocks on the Dubai Financial Market platform with the Dubai Financial Services Authority (DFSA) giving its final approval. Clearing, settlement and custody functions for Nasdaq Dubai equities will also migrate to the DFM’s systems. Under the outsourcing, Nasdaq Dubai’s equities will remain listed on [...]

Today the Dubai Government has confirmed that it will pour 9.500.000.000 US$ (yes, that’s 9.5 Billion US$) into Dubai World. This is one part of the Dubai World restructuring plan which will also allow work on Nakheel projects to continue. 8 Billion US$ of this money will be used for Nakheel, only 1.5 Billion US$ [...]

The biggest investment company on the Dubai Financial Market, Dubai Investments PJSC, announced a net profit of AED 963 Million as the preliminary results for last year 2009. Dubai Investments reported a consolidated total income of Dhs3.67 Billion for the full year 2009. The net profit for the fourth quarter of 2009 alone was AED [...]

Even though it was expected from Dubai World’s creditors, the company did not ask for a standstill on its debts in today’s meeting in Dubai. It was the first face to face meeting of Dubai World officials with their creditors after the company asked for an extension on it repayments in November. The meeting presented [...]

In a dramatic U-turn, Dubai today announced that it has received a $10bn bail-out from the neighboring Emirate Abu Dhabi that will enable it to pay off the immediate debts of its most troubled state-run companies. Confirmation that the government of Abu Dhabi would supply the money came on the day a sukuk, or Islamic [...]

Today the Dubai Stock Market DFM rebounded from it’s low yesterday on a relatively high turnover. The last few days since the shocking announcement of Dubai World had obviously an impact on the stock markets of the United Arab Emirates. Let’s analyze what happened so far: The DFM (Dubai Financial Market) reached it’s high mid [...]

Dubai bourse slumped 7.30 per cent at end of trading session today while Abu Dhabi dropped 8.24 per cent to 2,670 as market sentiments remained down on Dubai World restructuring news. The Dubai bourse closed 7.30 per cent lower at the end of the trading session today, its largest one-day loss in over a year [...]

Dubai has made it into the international news again. This time it’s all about one of Dubai’s biggest companies – DUBAI WORLD. The news read like: Indian stock markets joined the tumble in bourses around the world on Friday after Dubai government-owned holding company Dubai World, which manages that country’s portfolio of businesses, said it [...]

 Jittery investors went on a selling spree on the UAE markets on Monday, as both the Dubai Financial Market (DFM) general index and the Abu Dhabi Securities Exchange (ADX) index falling considerably. In Dubai, real estate stocks led the slide, as the general index slumped 5.76 per cent to 1,774.01. Emaar was down 8.75 per cent [...]

Contractor Drake & Scull International will list its shares in Dubai on March 16 in a delayed move following its initial public offering (IPO) in July last year, the company said. Drake, which specialises in mechanical, engineering and plumbing businesses, raised 1.22 billion UAE dirhams ($332.1 million) in the IPO aimed at expanding its business across [...]

Dubai Financial Market (DFM) said that its landmark initial public offering (IPO) is open for subscription as of today, UAE news agency WAM has reported. Dubai Government, the founder and main shareholder of DFM, intends to offer dhs1.6 billion (US$ 435 million), representing 20 per cent of the DFM share capital of dhs8 billion, through [...]