Middle East ETF News Older than One Year
Nasdaq Dubai Academy to provide expanded courses on investor relations and financial public relations
September 27, 2009-Nasdaq Dubai Academy is expanding its range of courses on investor relations and financial public relations to meet growing demand, in association with specialist training company FinanceTalking Ltd.
The extended programme, to be held in October 2009, aims to promote best practices by listed companies in the region. It follows a successful initial programme held in June.
Jeff Singer, Chief Executive of Nasdaq Dubai, the region's international exchange, said:
"Following a period of volatility in the capital markets, companies are increasingly aware of the need to communicate their strengths and achievements effectively to investors and the general public. These courses help companies to identify the appropriate information to give out and the right methods for distributing it."
Nasdaq Dubai Academy will hold three one-day foundation courses on October 11-13, followed by a one-day practitioner course on October 14, all aimed at in-house and external investor relations and public relations practitioners. The courses are:
• Introduction to Financial Markets, Financial Public Relations and Investor Relations;
• Introduction to Financial Results and Annual Reports;
• Introduction to Corporate Finance and Valuation;
• Best Practice and Compliance in Financial Communications. The tutor for the courses will be Louise Breen, a Director of FinanceTalking, the UK-based market leading financial corporate communications training provider. Ms. Breen said, "We were delighted with the feedback from our initial programme in June and are looking forward to delivering this extended programme, once again in partnership with Nasdaq Dubai." Nasdaq Dubai Academy provides financial training courses for businesses and individuals in a range of topics including equity derivatives, trading, Islamic finance and risk management.
Source: Nasdaq Dubai Academy
Fitch downgrades banks in UAE
September 24, 2009--Fitch Ratings downgraded a raft of banks in the United Arab Emirates on Thursday due to the lower likelihood of state support for some of the smaller or privately owned financial institutions
The credit ratings agency also downgraded two important Dubai-based companies, and put Etisalat the UAE’s dominant telecoms company, on review for a downgrade, indicating that the Gulf state is still facing stresses due to the global financial crisis.
Source: FT.com
Proposed law changes regarding foreign ownership of companies onshore in the UAE
September 18, 2009--The UAE Ministry of Economy proposes to change the rules regarding 'onshore' companies in the UAE so that foreigners can own up to 100% of such companies' shares.
100% foreign ownership is already available for companies set up in the UAE's freezones, which have been a cornerstone of the UAE Government's drive towards diversification of the economy.
At present, foreign participation in local liability companies (known as 'LLCs' - the form of company at which this law change is targeted) is limited to 49% of the shares of those companies.
Source: AME Info
Islamic syndicated lending
September 17, 2009-The concept of syndicated lending may have been born in the 1960s in the world of conventional finance but it was not until earlier this decade that it found its way into the Islamic finance lexicon. Syndicated loans are quite simply an integral part of capital raising for large corporate and financial institutions.
Within the realm of Islamic finance, syndicated loans can take a variety of forms and may be a form of Musharaka financing but because of the prohibitions in Islamic finance concerning riba there are significant differences between an Islamic syndicated loan and a conventional syndicated loan.
Source: AME INFO
Dubai market: Islamic stocks lose
September 13, 2009--Shares of firms operating in line with Islamic law (Sharia) posted the largest losses at the Dubai bourse DFM. The DFM Index lost half a per cent and closed at 2,030.04 points with almost Dhs860m value traded.
Bahrain-based Islamic investment bank Gulf Finance House (off 9.89% at Dhs6.74), Shari-compliant developer Deyaar (down 2.44% at Dhs0.80) and Islamic insurance operator Takaful-EM (3.28% lower at Dhs1.77) ended among the top losers. Emirates NBD, the UAE's and Middle East's biggest lender in relation to assets, resisted the dull trading and finished 2.16% higher at Dhs3.16. Four shares gained in total, 22 securities declined in value and two stocks remained flat.
Source: AME INFO
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
