Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Aafaq-Islamic Finance begins transacting on NASDAQ Dubai Murabaha Platform for Islamic financing
November 3, 2014--Company and its clients benefit from efficiency and speed of processing
Total transactions on platform have reached more than AED 21 billion
Aafaq-Islamic Finance, a UAE-based leading Sharia'a-compliant financial institution, has carried out its first transaction on the NASDAQ Dubai Murabaha Platform, which provides Islamic financing services to a rapidly growing number of individual and institutional customers.
Officially launched in April 2014, the platform has completed a total of more than AED 21 billion of transactions. It was set up by NASDAQ Dubai jointly with Emirates Islamic and is playing a key role in Dubai's growth as the Capital of the Islamic Economy globally.
Abu Dhabi blue chip shares keep market momentum up
November 3, 2014--The Abu Dhabi general index ADXGI gained for the second day straight on Monday, November 3, closing 0.46 per cent higher at 4,950.26 points.
Foodco Company gained the most, ending up 10.80 per cent at AED3.99. Aldar Properties added 0.91 per cent to hit AED3.32. National Bank of Abu Dhabi or NBAD gained 1.85 per
Dubai market yoyo trading continues
November 3, 2014--After starting the month with modest gains on Sunday, the Dubai financial market general index (DFMGI) retreated again and slipped 0.84 per cent to close at 4,577.39 points on Monday, November 3.
Banks came under pressure, in particular, as the end of quantitative easing in the US signals that the end of ultra-low interest rates...
Doha Bank advances ahead of EGM
November 3, 2014--The Doha-based Qatar Exchange (QE) 20 Index gained 1.15 per cent to hit 13,780.59 points on Monday, November 3.
Doha Bank added 0.20 per cent to close at QAR59. Earlier in the day, the fifth biggest lender in relation to assets in the gas-rich Gulf state said it will hold its extraordinary general meeting (EGM)
S&P Dow Jones Indices-Middle East Index Dashboard-October 2014
October 31, 2014--Against a backdrop of falling oil prices, a strengthening dollar and increased global equity volatility, the S&P Pan Arab Composite LargeMid index fell by around 6% during October.
While the majority of regional single-country equity indices fell, it was not all bad news. The S&P Turkey BMI bounced back gamely from a poor September, delivering an impressive 10% return.
view the S&P Dow Jones Indices-Middle East Index Dashboard-October 2014 report
DP World remains stuck below $20
October 30, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.74 per cent lower at 4,198.24 points on Thursday, October 30.
Dubai Ports (DP) World lost 1.74 per cent to $19.16.
Qatar market plummets two per cent
October 30, 2014--The Doha-based Qatar Exchange (QE) 20 Index closed Thursday, October 30, at 13,498.86 points.
During the last trading week of the month, the gauge gained insignificantly. Developer Barwa gained against the trend, closing 2.63 per cent higher at QAR42.95.
UAE markets end rollercoaster week on weak note
October 30, 2014--The Dubai Financial Market General Index (DFMGI) and the Abu Dhabi general index, on Thursday, October 30, lost 1.66 per cent and 1.80 per cent, respectively, closing at 4,545.39 points and 4.861.45 points.
On Wednesday, the US Federal Reserve announced that it would halt Quantitative Easing (QE), the policy of liquidity injection it started in
Qatari fuel giant Woqod, earns slightly more in nine-month period
October 29, 2014--Doha-listed shares gained across the board on Wednesday, October 29, lifting the market index QE 20 higher by one per cent to 13,775.89 points.
The shares of Qatar Fuel Company or Woqod (Arabic for petrol) slipped 0.05 per cent to QAR215.20.
Emaar The Economic City outperforms and disappoints Saudi bourse
October 29, 2014--The Tadawul All-Share Index closed 0.8 per cent lower at 10,081.96 points, on Wednesday, October 29.
Emaar The Econmic City (EEC) slipped 0.23 per cent to hit SAR17.55. Earlier in the day, the developer of the King Abdullah Economic City (KAEC), a 168 million sqm development, situated on the Red Sea coast, said its net income in...
