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Monday, 09 November 2009 07:19 UAE time

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Property stocks help UAE markets advance

Financial Markets
UPDATE 6: Emaar, Sorouh shares on the up, while Qatar advances, Saudi falls.



Saturday, 07 November 2009

Petchems help Saudi end higher

Financial Markets
The Saudi index TASI ends up 0.12 percent to 6,351 points, led higher by SABIC.

Petchems help Saudi end higher

Thursday, 05 November 2009

Dubai extends slide; Abu Dhabi also falls

Financial Markets
UPDATE 6: Dubai's DFM falls 1.9% as a late rally enables it to rebound from an intraday low.

Dubai extends slide; Abu Dhabi also falls

Wednesday, 04 November 2009

Saudi ends higher tracking global strength

Financial Markets
UPDATE 3: Volatile trading in Emaar Properties continues as it ends 6.2% higher.

Saudi ends higher tracking global strength

Tuesday, 03 November 2009

UAE's Daman Investments eyes IPO by 2012

Financial Markets
Investment firm to raise shareholder base to a maximum of 4m shares over next 3 yrs.

UAE's Daman Investments eyes IPO by 2012

SABIC, banks weigh on Saudi index

Financial Markets
UPDATE 6: Dubai's DFM slips 5% while most other Gulf benchmarks also decline.

SABIC, banks weigh on Saudi index

Monday, 02 November 2009

Mideast IPO activity slumps in Q3

Financial Markets
Ernst & Young report says total value of IPOs was $871m, compared to $3.74bn in same period in 2008.

Mideast IPO activity slumps in Q3

Dubai index posts biggest one-day gain since Feb

Financial Markets
UPDATE 6: Real estate, bank stocks surge on DFM while Kuwait closes higher.

Dubai index posts biggest one-day gain since Feb

Sunday, 01 November 2009

Banks, real estate shares weigh on UAE markets

Financial Markets
UPDATE 6: Saudi index is only Gulf market that ends in positive territory on day of falls.

Banks, real estate shares weigh on UAE markets

Saturday, 31 October 2009

Dubai to help set up Yemen stock exchange

Financial Markets
Senior Yemeni official says in talks with DFM, aims for launch by year end.

Dubai to help set up Yemen stock exchange

Saudi index suffers biggest one-day fall since June

Financial Markets
UPDATE 1: Market heavyweight falls 3.66% as tadawul declines by 2.69%.

Saudi index suffers biggest one-day fall since June

Thursday, 29 October 2009

Qatar index sees biggest fall since July

Financial Markets
UPDATE 6: Sorouh, Arabtec, Emaar shares all drop as most Gulf markets struggle.

Qatar index sees biggest fall since July

Wednesday, 28 October 2009

DFM company posts 67% drop in net profit

Financial Markets
Net profit reported of AED258m for Jan-Sept, compared to AED781m for same period 2008.

DFM company posts 67% drop in net profit

Property shares weigh heavily on UAE markets

Financial Markets
UPDATE 6: Gulf markets struggle as Kuwait, Qatar, Bahrain, Saudi and Oman also close lower.

Property shares weigh heavily on UAE markets

Tuesday, 27 October 2009

Abu Dhabi Commercial Bank stocks plunge on Q3 results

Financial Markets
UPDATE 7: Shares fall 8.3% after the bank reports a significant dip in Q3 profits.

Abu Dhabi Commercial Bank stocks plunge on Q3 results

Monday, 26 October 2009

GCC investor confidence rises for third straight month

Financial Markets
Shuaa Capital indicator sees rebound in sentiment in real estate, construction.

GCC investor confidence rises for third straight month

Real estate, banks lift Dubai to higher close

Financial Markets
UPDATE 8: Zain shares plummet to weigh on Kuwait index while Saudi closes higher.

Real estate, banks lift Dubai to higher close

Sunday, 25 October 2009

Emaar shares rise on back of better Q3 results

Financial Markets
UPDATE 8: Property giant's better than expected earnings lifts DFM, Saudi ends lower.

Emaar shares rise on back of better Q3 results

Thursday, 22 October 2009

UAE markets end down tracking weak sentiment on global markets

Financial Markets
UPDATE 4: Both indexes fall for fourth session in five.

UAE markets end down tracking weak sentiment on global markets

Wednesday, 21 October 2009

World Bank unit to list sukuk in Dubai, Bahrain

Financial Markets
International Finance Corp announces plan to list $100m Islamic bond in Middle East.

World Bank unit to list sukuk in Dubai, Bahrain

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SPOT POLL

What do you think about the offer of free legal advice to people caught in Dubai property disputes?

Amid the real estate gloom, this is the best news for months and will improve transparency.
This is a good move and should redress the imbalance between investor and developer.
By offering a free service, it will just encourage people to abuse the complaints system.
It's too little, too late and I doubt many people will actually qualify for the free advice.
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