News
Lebanese banks' 2012 growth hinges on regional changes
When the financial crisis ravaged the global economy in 2009, Lebanon's banking sector profited from relative domestic political stability to achieve record-high growth.
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.
Dubai bourse finishes 2011 with a small day-profit
The DFM General Index added half a percent Thursday, closing at 1,353.39 points. News from Abu Dhabi that the emirate's government bailed out real estate giant Aldar Properties with an Dhs16.8bn ...
Aldar Properties jumps 9.52% on second government rescue move
Aldar Properties was the share of the day at the Abu Dhabi Exchange ADX. Aldar soared 9.52% to reach Dhs0.92, lifting the ADX General Index to 2,402.28 points. Yesterday evening, the government of ...
Kuwait Stock Exchange advances half a per cent
The KSE Market Index finished the least trading day of a difficult year with small profit of 0.50%, closing at 5,814.2 points. The market finishes the year 2011 with a decline of 16.41%.
Shares ...
Damas shares surge 15.71%, climb above $0.20
The FTSE NASDAQ Dubai UAE 20 Index closed one per cent higher at 1374.39 today. DP World added 0.94%, while Depa Ltd. closed even. Jewelry trading company Damas International surged 15.71% to reach ...
Qatar Exchange the only gaining Arab market in 2011
The Qatar Exchange dipped 0.38% Thursday and ended the year of the Arab Spring with a tiny advance of one per cent, closing at 8,779.03 points. Qatar and the UAE were the only Arab states where no ...
Islamic banking calls for technology change
As the sultanate gears up to roll out Islamic banking early next year, Omani banks are preparing to adopt necessary changes to offer the new service.
Experts warn of worse financial crisis in 2012
A new global financial crisis is in the making and could unleash its fury as early as 2012, a year when bond rollovers in the US, Asia and Europe worth a combined USD 6.5 trillion are due.
Pakistan's SLIC eyes Gulf expansion
Pakistan's leading insurance firm will foray into Bahrain and Qatar next year and further strengthen its position in the UAE, Saudi Arabia and Kuwait.