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IMF Economist Accuses Fund of Suppressing Information
Egypt >> 7/21/2012 - A veteran economist at the International Monetary Fund has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown and eurozone crisis. In a ...
ADCB Reports AED1.5b H1 Profits
United Arab Emirates >> 7/24/2012 - Abu Dhabi Commercial Bank PJSC reported its financial results for the second quarter of 2012 ("Q2'12"). Year on year highlights (H1'12 vs. H1'11) Net profit of AED 1,535 mn compared with AED 1,918 mn ...
Study Shows Growth in UAE Business Competitiveness
United Arab Emirates >> 7/25/2012 - The UAE ranks as the third-most competitive economy in the region after Qatar and Saudi Arabia, the latest study by Dubai Chamber of Commerce and Industry finds. According to the World Economic Forum'...
SIB Announces Net Profit of AED 149.2 Million for H1, 2012
United Arab Emirates >> 7/25/2012 - Sharjah Islamic Bank announced its 1st Half 2012 results yesterday with net profit of AED 149.2 million, compared to 123.3 million of the same period last year, showing a 21% increase. The balance sh...
GAFI: 19% Increase in Capital Investment Companies
Egypt >> 7/28/2012 - The total capital of investment companies increased by 19 percent in the fiscal year 2011 compared to the previous year, said Head of the General Authority for Investment and Free Zones (GAFI), Osama ...
Egyptian Remittances from Saudi Arabia Hit 60 Per cent
Egypt >> 7/28/2012 - Egypt's ambassador to Saudi Arabia, Mohamed Aouf, states that remittances from expat Egyptians in Saudi Arabia has significantly supported the home economy. Egyptians sent eight billion dollars home f...
DED Dubai Issues 1,298 Licences in June 2012
United Arab Emirates >> 7/30/2012 - The Dubai Department of Economic Department issued 1,298 new trade licences during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in...
Egypt Bourse Gains LE 1.1 bn
Egypt >> 7/31/2012 - The Egyptian stock exchange (ESE) gained LE1.1 billion at the close of trading on 30/7/2012. The main benchmark EGX 30 index rose by 0.15 per cent to 4765.88 points. The broader EGX 70 index of the le...
Exchange Gains EGP1.05bn
Egypt >> 7/31/2012 - The Egyptian Exchange gained EGP1.05 billion at the close of trading on Sunday. The main benchmark EGX 30 index was up by 0.02 per cent to reach 4758.84 points.
Tabreed Posts 25% Increase in H1 2012 Net Profit
United Arab Emirates >> 8/1/2012 - National Central Cooling Company PJSC (Tabreed), the Abu Dhabi-based district cooling utility company, released its consolidated first half (H1) 2012 financial results. The company registered a robust...
32 ADX Listed Companies Disclose Financial Statements
United Arab Emirates >> 8/1/2012 - Abu Dhabi Securities Exchange (ADX) announced that 32 companies, out of 67 companies listed on ADX, have disclosed their financial statements for the second quarter of 2012. The companies that disclos...
Egypt Money Supply Rises 8.4 % in the Year to June
Egypt >> 8/1/2012 - Egypt's M2 money supply rose 8.4 percent in the year to the end of June, the central bank said. Money supply was 1,094.4 billion Egyptian pounds ($180 billion), up from 1,067.6 billion pounds at the e...
Egyptian Stocks Closed up 1.5 Percent
Egypt >> 8/1/2012 - Egypt’s stocks close up on Wednesday after ministers in the new government are announced. The main index EGX30 rose by 1.5 percent recording 4.935.59 points. The broader index EGX70 also gained 2 perc...
Dubai Chamber Membership Rises 30% in H1 2012
United Arab Emirates >> 8/1/2012 - The value of exports and re-exports by Dubai Chamber of Commerce and Industry members reached AED 136.2 billion during the first six months of this year – an increase of 13.3% compared to the same per...
ESE Continues upward Trend, Gains LE 4.5 bn
Egypt >> 8/2/2012 - The Egyptian Stock Exchange (ESE) gained LE 4.5 billion on 1/8/2012 continuing its upward trend backed by purchases by foreign investors. The EGX 30 benchmark index edged up 1.5 percent to close at 49...
Egypt Bourse Gains EGP 13.6 Billion
Egypt >> 8/4/2012 - The Egyptian Stock Exchange gained EGP 13.6 billion this week pushed by investors' optimism about the transitional period in Egypt that is about to end and the new phase of political stability that is...
DFM Net Profit Surges 140 Per cent to AED 40.6 Million
United Arab Emirates >> 8/4/2012 - Dubai Financial Market Company (PJSC) announced its financial results for the first half of the year ending June 30th 2012, recording a net profit of AED 40.6 million, a 140 per cent increase compared...
Egyptian Exchange Gains EGP 3.1 Billion
Egypt >> 8/4/2012 - The Egyptian Exchange gained EGP 3.1 billion at the close of trading on 02/08/2012, pushed by intensive purchases of leading shares by foreign investors. The benchmark EGX 30 index was up 1.09 percent...
Total Bank Assets Increased by 0.4% to AED 1,732.7 billion
United Arab Emirates >> 8/5/2012 - Central Bank of the UAE announced that money supply M0 (currency in circulation + currency at banks) decreased by 1.3% from AED 53.8 billion at the end of May 2012 to AED 53.1 billion at the end of Ju...
Dubai Investments PJSC Reports Profit of AED 171 Million
United Arab Emirates >> 8/5/2012 - Dubai Investments PJSC ("DI"), the largest investment company listed on the Dubai Financial Market,day announced its financial results for the six month period ended 30 June 2012. DI reported another ...

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