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Al Habtoor postpones planned IPOAl Habtoor Group, a family-owned Dubai conglomerate, said on Tuesday it has postponed a planned initial public offering (IPO). The group, which gave no reasons for the decision, had planned to raise as much as $1.6 billion through More… |
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Wall Street ends storm-hit week with selloffStocks ended an unusual trading week shortened by superstorm Sandy's devastating sweep through the US Northeast with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report. More… |
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Al Ramz receives top Nasdaq honourUAE-based brokerage house, Al Ramz Securities, has been named the recipient of Nasdaq Dubai’s inaugural Retail Broker of the Month Award. Al Ramz was received the award for handling 75 per cent of the total retail trade done More… |
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DirectFN wins top certification from bourseDirectFN, a provider of brokerage solutions, has received certification for its latest Order Management System (OMS) for FIX Order Routing and Feed Processing from the Qatar Exchange. The certification was received via its NYSE Euronext pl More… |
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Facebook market makers' losses may hit $100mClaims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical More… |
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Mannai, EFG Hermes take control of DamasQatar's Mannai Corp and Egyptian investment bank EFG Hermes have taken control of Dubai's Damas after their consortium's $445 million offer was accepted by more than 75 per cent of the jeweller's shareholders. The bidders h More… |
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Kuwait to launch Nasdaq trading systemKuwait's bourse will launch a new trading system on May 13, backed by The Nasdaq OMX Group, to help trading of financial instruments such as derivatives and Islamic bonds, it said on Tuesday. The new 'X-stream' trading system c More… |
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Facebook picks Nasdaq for IPOFacebook, preparing for what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden US bourse, a source familiar with the situation said. On More… |
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Facebook picks Nasdaq for IPOFacebook, preparing for what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden US bourse, a source familiar with the situation said. On More… |
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Jafza firms eye access to capital marketSenior executives of top firms based in Jebel Ali Free Zone (Jafza) recently took part in the first of a series of seminars that examined various ways for them to access the capital markets. The seminar titled “Access Capital for Growth” w More… |
