Thursday 31 July 2014
Dubai bourse

Arabtec eyes growth with capital raise; shares slump

Dubai builder Arabtec, which underwent a major management shakeup last week, said it will rely on the reputation of its biggest shareholder and proceeds from a planned $1.8 billion capital raise to grow its business. The assurance


Dubai Bourse eyes oil buyers, banks

The Dubai Mercantile Exchange (DME) aims to revitalize its Oman crude futures contract by attracting major consumers and Middle East banks, rather than national oil company (NOC) producers in the region, its new chief executive said.


Dubai bourse leads broad Gulf stocks rally

Dubai leds a broad rise in Gulf stocks, with most regional bourses ending three days of declines to track strength in global and Asian equities. The emirate's index gained 1.8 percent to 1,469 points with developer Deyaar leading the advan


DFM firms achieve 100pc result compliance

Dubai Financial Market (DFM) said its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of second quarter results within the deadline of 45 days from the end of the period. The total


Dubai bourse slumps to two-month low

Dubai's index on Tuesday slumped to a two-month low, with dominant retail investors cashing in yesterday's fleeting gains as longer-term investors stay away until indebted Dubai World reaches agreement with bank creditors. The inde


Dubai bourse aims to buy 25pc of OMX

Borse Dubai said on Thursday it aimed to buy shares in exchange owner OMX at 230 crowns a share, topping an agreed bid from Nasdaq, and wanted at least a 25 percent stake. The holding firm, created to pool the Dubai government stakes in th

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