DFSA enters into Memorandum of Understanding with French Markets Authority DFM: Three decimal Tick Size to be applied on securities with a market value below Dh1, as of March 11th 2010 Emerging markets are more important than ever before: Al Tayer Foreigners buy shares worth Dh379.2m Prime Minister of Georgia visits the Dubai International Financial Centre Nasdaq Dubai equities trading rises 17% in January Foreign investors purchase Dh 555.2 million worth of shares on DFM during the last week, and sold Dh567 million Dubai Financial Market welcomes high-level financial delegation from London Aabar posts Dh1.68b net profit for 2009 Foreign investors purchase Dh839.42 mn worth of shares on DFM, sold Dh954.98 million Governor of DIFC Hosts HRH Crown Prince Frederik of Denmark Foreign investors push ADX north Luxembourg and DIFC expand cooperation Trading volumes on Nasdaq Dubai up 30% Investors stay optimistic about UAE market growth Next Page » Archive | Subscribe to Feed What is RSS? UAE FEDERAL GOVERNMENT STRATEGY Download PDF OIL PRICES » SHARE PRICES » DIRHAM RATES » EVENTS AND EXHIBITIONS » A comprehensive guide to current and future events and exhibitions in the UAE UAE YEARBOOKS » The complete UAE Yearbook 2009 in English and French. Comprehensive, up-to-date information on all aspects of the UAE.. UAE AT A GLANCE » Valuable concise reference source on the UAE, covering political system, economy, business, history and heritage, education, women, healthcare, tourism and environment. THE EMIRATES - A NATURAL HISTORY » Natural history of the UAE, covering all animals and plants recorded in the Emirates. THE EMIRATES TOUR » Take an on-line tour of the UAE, including the major cities and islands UAE HISTORY » UAE GOVERNMENT » UAE ECONOMY » UAE INFRASTRUCTURE » UAE SOCIAL DEVELOPMENT » UAE CULTURE & MEDIA » UAE ENVIRONMENT » UAE SPORT » UAE EVENTS » MARINE LIFE OF THE UAE » Turtles are among the many species covered in the marine section of UAEinteract

DFSA enters into Memorandum of Understanding with French Markets Authority Posted on 08/03/2010 The Dubai Financial Services Authority (DFSA) entered into a Memorandum of Understanding (MoU) with the Autorite des Marches Financiers of France (AMF), the French securities regulator, on Friday. The signing took place between Paul Koster, Chief Executive of the DFSA, and M Jean-Pierre Jouyet, Chairman of the AMF. The AMF is France's independent public body responsible for safeguarding investments in financial instruments and in all other savings and investment vehicles; for ensuring that ...  >>MORE

DFM: Three decimal Tick Size to be applied on securities with a market value below Dh1, as of March 11th 2010 Posted on 08/03/2010 Dubai Financial Market (DFM) announced today it will apply the three decimal Tick Size system only on securities with a market value below Dh 1, as of Thursday, March 11th 2010. This will allow investors to trade in these securities with fractions of one Fills. Meanwhile, the Tick Size will see no change for securities with a market value ranging from Dh 1 to Dh 10 which will continue to be traded with the unit of 1 Fills. Furthermore, securities with a market value above Dh 10, will also ...  >>MORE

Emerging markets are more important than ever before: Al Tayer Posted on 02/03/2010 Emerging markets are more important than ever before and they are both a source and destination for global capital, HE Ahmed Humaid Al Tayer, Governor of The Dubai International Financial Centre (DIFC) said yesterday. 'There is increased consumption in these markets, and they will continue to accumulate capital, as a result of balance of payment surpluses driven by natural resource exports, as in the case of Gulf exporters, or manufactured exports, as in the case of India, China and other ...  >>MORE

Foreigners buy shares worth Dh379.2m Posted on 27/02/2010 The Dubai Financial Market announced yesterday that the value of shares bought by foreign investors, or non-UAE nationals, from February 21-25 reached Dh379.2 million, comprising 45.4 per cent of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh344.5 million, comprising 41.2 per cent of the total value of stocks traded during the period. Net foreign investment on the market reached Dh34.7 million during the same ...  >>MORE

Prime Minister of Georgia visits the Dubai International Financial Centre Posted on 16/02/2010 His Excellency Nikoloz Gilauri, the Prime Minister of Georgia, last Sunday visited the Dubai International Financial Centre (DIFC) and held discussions with senior officials there. His Excellency Ahmed Humaid Al Tayer, Governor of the Dubai International Financial Centre received him at DIFC. Accompanying the Prime Minister was a high-level Georgian delegation that included Alexander Khetaguri, Minister of Energy; and Ekaterine Meiering-Mikadze, Ambassador of Georgia to GCC The delegation ...  >>MORE

Nasdaq Dubai equities trading rises 17% in January Posted on 15/02/2010 Equities trading volumes on Nasdaq Dubai rose by 17% in January 2010 to 200 million, compared to 171 million in January 2009. Deutsche Bank was the most active Member of the exchange by equities volume in January 2010, followed by Citibank and then EFG Hermes. Trading of Dubai Gold Securities (DGS) rose to 3,235 securities in January 2010, an increase of more than 400% over the December 2009 figure of 641. A total of 84,757 DGS have traded since they listed on the exchange in March 2009. ...  >>MORE

Foreign investors purchase Dh 555.2 million worth of shares on DFM during the last week, and sold Dh567 million Posted on 12/02/2010 Dubai Financial Market announced yesterday that the value of shares bought by foreign investors, or non-UAE nationals, during last week (7 - 11 Feb.) reached Dh555.2 million comprising 43.3% of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh567 million comprising 44.2% of the total value of stocks traded during the period. Net foreign investment on the market reached Dh11.8 million during the same period, as ...  >>MORE

Dubai Financial Market welcomes high-level financial delegation from London Posted on 08/02/2010 Dubai Financial Market (DFM) welcomed yesterday a high-level financial delegation from London. The visit is aimed at strengthening financial and investment relations, and is part of an orientation tour that will also take the delegation to Abu Dhabi and Doha. The delegation was received by Hassan Al Serkal, Chief Operating Officer, Dubai Financial Market and Jeff Singer, Chief Executive Officer, Nasdaq Dubai, in addition to top management representatives from Dubai Financial Market and ...  >>MORE

Aabar posts Dh1.68b net profit for 2009 Posted on 02/02/2010 Aabar Investments said Monday its net profit more than doubled to Dh1.68 billion last year, compared with Dh721.59 million the year earlier. In a filing to the Abu Dhabi Securities Exchange (ADX), where its shares are listed, Aabar said: "The support granted by parent shareholders International Petroleum Investment Company (IPIC) has played a significant role in this success with IPIC's contribution of Dh6.68 billion in capital and access to its pipeline of high quality investment ...  >>MORE

Foreign investors purchase Dh839.42 mn worth of shares on DFM, sold Dh954.98 million Posted on 29/01/2010 Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (24 - 28 Jan.) reached Dh839.42 million comprising 47.63% of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dh 954.98 million comprising 54.19% of the total value of stocks traded during the period. Net foreign investment on the market reached Dh115.56 million during the same ...  >>MORE

Governor of DIFC Hosts HRH Crown Prince Frederik of Denmark Posted on 21/01/2010 HE Ahmed Humaid Al Tayer, Governor of the Dubai International Financial Centre (DIFC), yesterday hosted His Royal Highness Crown Frederik Andr Henrik of Denmark and a high-level Danish delegation at DIFC. The delegation accompanying the Danish Crown Prince included HE Troels Lund Poulsen, Minister of Environment; HE Christian Konigsfeldt, Ambassador of Denmark; Per Thornit, Lord Chamberlain, Chief of Court; HE Mr. Jarl Frijs-Madsen, Ambassador and Under-Secretary for Foreign Trade and ...  >>MORE

Foreign investors push ADX north Posted on 18/01/2010 The Abu Dhabi Securities Exchange (ADX) said its general index and the market value of listed securities in the bourse rose in 2009 on the strength of interest from foreign investors. ADX general index rose 15 per cent by the end of 2009, lifting the market cap of listed stocks by 16.5 per cent to $80.20 billion (Dh294.3bn), it said yesterday. Foreign investors were net buyers of shares worth Dh1.22bn in 2009. Investors from the United Kingdom continued to top the list of foreign investors, ...  >>MORE

Luxembourg and DIFC expand cooperation Posted on 13/01/2010 Luxembourg for Finance and the Dubai International Financial Centre (DIFC) signed a memorandum of understanding yesterday to promote industry development and regulatory cooperation. The memorandum aims to promote cooperation and development in a wide range of areas including market access, financial regulation and infrastructure, training and industry development for firms located in the two jurisdictions. "Today's event represents the opportunities that new partnerships can bring even in a ...  >>MORE

Trading volumes on Nasdaq Dubai up 30% Posted on 12/01/2010 Equities trading volumes on Nasdaq Dubai jumped 30 per cent in 2009 to 3.10 billion shares, up from 2.39 billion in 2008, according to data released by the exchange. Trade volumes in December 2009 reached 410 million shares, the second highest monthly volume recorded last year. This was a 170 per cent increase over the November 2009 trade volumes of 152 million equities and it was also 170 per cent higher than volumes reported in December 2008, which reached 152 million. The exchange ...  >>MORE

Investors stay optimistic about UAE market growth Posted on 12/01/2010 UAE investors are upbeat about stock market growth in the next 12 months, a sentiment survey by Abu Dhabi Securities Exchange (ADX) shows. ADX yesterday announced the introduction of its Investment Literacy Index and Market Sentiment Index. About 46 per cent of participants indicated that they expect a turnaround and growth. ADX has evaluated this as a "market sentiment index" where minus 100 per cent would indicate that all respondents would view the market as decreasing; zero per cent ...  >>MORE

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