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UAE regulator pledges to review funds regimeThe UAE securities regulator will review its funds regime regularly in consultation with investors and fund sponsors, the body said after relaxing rules to make it easier for foreign fund managers to sell to institutions. More… |
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DFSA seals EU securities agreementThe Dubai Financial Services Authority (DFSA), the independent regulator of financial and ancillary services conducted in the emirate, said it has inked a major agreement with Europe’s Securities and Markets Authority (ESMA). More… |
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Bahrain central bank to foster capital marketsBahrain's central bank (CBB) plans steps to encourage securities issuance and lure foreign investors who have been deterred by the global financial crisis and political unrest in the Gulf island kingdom. The CBB will soon issu More… |
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Sico swings to Q3 net profit of $1.4mBahrain-based Securities and Investment Company (Sico) earned a net profit of BD538,000 ($1.4 million) for the third quarter of the year, a positive improvement on its loss of BD863,000 for the corresponding period in 2011. For th More… |
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Gold hits 6-week low as equities weakenGold prices fell 1 per cent on Tuesday as the dollar firmed against the euro and stock markets fell, with appetite for assets seen as higher risk hurt by a credit downgrade of five Spanish regions and a raft of soft corporate earnings reports. More… |
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UAE plans new market rules by year endThe UAE's main market watchdog approved market making and short selling of listed securities in a long-awaited move which may help revive the country's moribund equity markets. The Securities and Commodities Authority said More… |
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Gold steadies; central banks add to holdingsGold steadied on Tuesday, defying a modest show of strength in the dollar, following data that showed central banks added to their bullion holdings in July and August, led by South Korea and Paraguay. Spot gold rose 0.1 per cent t More… |
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Abu Dhabi's Finance House to buy CAPMAbu Dhabi-listed Finance House is to buy privately-owned investment bank CAPM Investment to expand into investment banking and asset management, three sources familiar with the matter said on Thursday. Under an agreement between the two pa More… |
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Adib unit named UAE’s top brokerageAbu Dhabi Islamic Bank (Adib), a top-tier Islamic financial group, announced that Adib Securities, its brokerage subsidiary, was ranked number one brokerage firm among UAE brokerage firms. The ranking was allotted in terms of market share More… |
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Apple in discussions about cash, securitiesApple is in very active discussions at the board level about what to do with its steadily growing hoard of cash and securities, chief executive Tim Cook said on Tuesday, responding to calls for the world's most valuable electronics company to put More… |
