Sunday 13 July 2014
 
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Investors wipe out $1.4bn off Erste's market value

Investors wiped more than one billion euros ($1.4 billion) off Erste Group's market value and took evasive action against rivals yesterday on concerns the bank's warnings about Hungary and Romania could echo across the sector.

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Damac woos Saudi investors with Hollywood offer

Damac Properties, a leading developer based in Dubai, is offering a special trip to Hollywood for all those who purchase a property at its high-end luxury tower in Riyadh. This exclusive-Ramadan package includes a visit to the stu

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Foreigners buy $4.5bn Dubai stocks in June

Dubai Financial Market (DFM), one of Arab world's leading bourses, said foreign investors bought stocks worth Dh17.2 billion ($4.59 billion) comprising 48.3 per cent of the total traded value during June. DFM said the market c

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Arabtec denies move to delist; says position strong

United Arab Emirates construction firm Arabtec said on Thursday that it had no intention of delisting from the Dubai stock market, and was seeking with market officials to establish who spread rumours that it might delist. In a br

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Arabtec seeks to calm investors

Dubai builder Arabtec Holding whose shares dropped 24 percent this week, said on Wednesday the price movement had nothing to do with its financial position and prospects. The company quoted its chief executive Hasan Ismaik as sayi

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Qatar Stock Exchange hosts key investors' meet

The Qatar Stock Exchange hosted a dinner event in London for senior representatives of sell side brokers and institutions ahead of the MSCI Emerging Markets upgrade. The event, held at the Dorchester Hotel in London, helped the bo

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HSBC's pay policy draws fire from investors

More than a fifth of HSBC's shareholders opposed the bank's pay policy yesterday in the latest show of anger that banks have not reined in bonuses enough in the wake of the financial crisis. About 21 per cent of investors

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Good investor response for Lootah's Dubai project

Lootah Real Estate Development said it has received an overwhelming response from investors for its Dh350 million ($95 million) Shamal Community development in Dubai. A Dubai-based high-end real estate company, Lootah said the sal

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Dubai leads earnings growth in Gulf

Dubai's bourse has outpaced other Gulf markets by a wide margin in terms of companies' first-quarter profit growth, data show, supporting its position as the top performer in the region. The emirate's benchmark soared

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UK firm woos Gulf investors with $125m fund

London-based RiverCrossing Capital Partners, a new Islamic investment firm, has launched its first product, a $125 million US real estate fund, as part of a plan to offer non-traditional asset classes to institutional investors in the Gulf.

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