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News Tagged ‘DFM’

Dubai Investments makes a nice profit

Written on 27 Jan, 2010 at 17:43 in Business | viewed 116 times | 1 Comment

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... (Continue reading)

Tagged with: DFM    dubai financial market    dubai investments pjsc

Dubai World will survive

Written on 21 Dec, 2009 at 16:30 in Business | viewed 291 times | 1 Comment

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... (Continue reading)

Tagged with: Burj Khalifa    DFM    Dubai Stock Market    dubai world    dubai world debt    financial crisis

UAE Government bails out Dubai – Market’s are up

Written on 14 Dec, 2009 at 12:40 in Business, Featured | viewed 226 times | 1 Comment

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... (Continue reading)

Tagged with: Burj Khalifa    DFM    Dubai Stock Market    dubai world    dubai world debt    UAE Government

Dubai Stock Market rebounds – for long?

Written on 10 Dec, 2009 at 13:54 in Business, Featured | viewed 340 times | 1 Comment
Dubai Stock Market rebounds - for long?

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.... (Continue reading)

Tagged with: Alislami    Arabtec    Burj Khalifa    DFM    Dubai Debt    Dubai Stock Market    dubai world    Emaar    Union Properties

Stock Markets in Dubai and Abu Dhabi Fall Sharply

Written on 30 Nov, 2009 at 20:36 in Business, Featured | viewed 134 times | 0 Comments

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... (Continue reading)

Tagged with: abu dhabi stock market    Burj Khalifa    DFM    dubai financial market dfm    dubai world    dubai world debt

Did Dubai World kill Dubai’s Dream?

Written on 27 Nov, 2009 at 22:56 in Business, Featured | viewed 893 times | 3 Comments
Did Dubai World kill Dubai's Dream?

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... (Continue reading)

Tagged with: Burj Khalifa    DFM    dubai financial market    dubai world    financial crisis

Selling Spree On Dubai’s Stock Markets

Written on 18 Aug, 2009 at 8:36 in Society | viewed 153 times | 0 Comments

 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... (Continue reading)

Tagged with: adx    Deyaar    DFM    Dubai    dubai financial market    Emaar    investment    Markets    profits    Properties    Real Estate    Stock    stock markets    UAE    Union Properties

Drake & Scull International Listing On 16th Of March

Written on 8 Mar, 2009 at 21:52 in Business | viewed 168 times | 0 Comments

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... (Continue reading)

Tagged with: Africa    DFM    Dubai    dubai financial market    dubai financial market dfm    initial public offering    initial public offering ipo    Mena    plumbing businesses    UAE

Dubai Financial Market IPO Starts

Written on 11 Nov, 2006 at 23:55 in Other News | viewed 41 times | 0 Comments

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$... (Continue reading)

Tagged with: DFM    Dubai    dubai financial market    government    initial public offering    UAE

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