الأخبار
Moody's downgrades UAE's loss-making Shuaa
Moody's Investors Service yesterday downgraded the long-term foreign and local currency issuer ratings of Shuaa Capital by one notch to Ba3 from Ba2, and placed them on review for further downgrade.
Insurance premiums in UAE poised to rise 10%
A recent industry report showed that insurance business in the GCC is set to grow 20% annually on average over the next five years to reach over USD37bn by 2015.
UAE credit card holders infuriated with banks
Many of them believe the tough terms stipulated by banks made such cards more a "submission" than a money tool.
Saudi Arabia needs USD74/b oil price to balance budget: Jadwa
Saudi Arabia's budgeted spending is at another all-time high in 2012, as the government continues with its program to upgrade the human and physical infrastructure.
Aldar announces Abu Dhabi deal to sell property, reduce debt
Aldar, which was bailed out by the Abu Dhabi government earlier this year, said the transaction involves unit sales, asset transfers and reimbursements with the Abu Dhabi government for a total ...
Saudi Arabia's real GDP growth seen at 2.3% for 2012
The fiscal policy stance remains expansionary in the 2012 budget in both nominal and real terms.
KSA: STC's investment decisions lauded
The Islamic International Foundation for Economics and Financing praised the STC's decision to set up the Venture Capital Fund.
'Safe haven' trend to bolster UAE dirham
The dollar-pegged dirham has been gaining steadily against the euro and South Asian currencies in the second half of 2011.
Dubai's Gold AE's 2011 trade volume exceeds USD500m
Dubai, in particular, has generated substantial trade volume driven by the continuing surge in local demand, as local imports have reached up to three tonnes of gold each year.
Beirut exchange to list 500,000 Bank Audi GDRs
A statement issued by the exchange said the new GDRs would be added to the previously listed 99,581,430 GDRs, raising the total number of Bank Audi SAL GDRs to 100,081,430.