Zawya.com - Abu Dhabi SE News

UAE SCA, ADCCI To Allow Margin Trading In 2010

Sun, 21 Mar 2010 07:46:15 GMT

Abu Dhabi brokerage companies' working group, the Securities and Commodities Authority (SCA), and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have in principle agreed to start the enforcement of margin trading during the second half of the year.

Taqa posts Dh182m profit, to invest $1.4bn this year

Thu, 18 Mar 2010 06:09:06 GMT

Abu Dhabi National Energy Company (Taqa) yesterday announced its fourth quarter and 2009 financial results.Total revenue for 2009 was Dh6.9 billion, flat compared with Dh16.8bn for 2008.

Taqa emphasises organic growth

Thu, 18 Mar 2010 05:45:46 GMT

Abu Dhabi National Energy Company (Taqa) plans to focus on organic growth this year and has lined up capital expenditure of around $1.4 billion (Dh5.14 billion) spread across its assets worldwide to drive business, Taqa's General Manager Carl Sheldon said.

Repaying loans in full not a problem: ADCB

Wed, 17 Mar 2010 07:03:32 GMT

Abu Dhabi Commercial Bank (ADCB) is in a strong position to repay its loans in full, according to a senior official.

Abu Dhabi stocks close flat on mixed trading

Tue, 16 Mar 2010 07:49:58 GMT

The Abu Dhabi Securities Exchange, after rising continuously for six sessions, recorded a miniscule setback yesterday as real estate stocks weighed heavily on the market.

NBAD Testing Waters to Issue Up to $1b Bond

Tue, 16 Mar 2010 07:25:21 GMT

Shareholders of National Bank of Abu Dhabi (NBAD) have approved the payment of 10 per cent dividend for the year 2009.

Etisalat Launches VoIP solution for Enterprise Customers

Mon, 15 Mar 2010 13:39:25 GMT

Etisalat has today leapt on the opportunity to provide its business customers with reliable and secure Voice Over IP (VoIP) solutions, a door which has been opened by the legalization of the service by the UAE Telecommunications Regulatory Authority.

NBAD to sell a benchmark bond

Mon, 15 Mar 2010 07:17:17 GMT

National Bank of Abu Dhabi, the UAE's second-biggest bank by assets, will begin investor meetings this week to sell a benchmark-size bond, three bankers familiar with the plan told Bloomberg newswire.

GCC banks net profits drop 8.56% to $14.4b

Mon, 15 Mar 2010 07:08:59 GMT

The financial performance of the banking sector in the GCC collectively saw a drop in net profits by 8.56 per cent in 2009 reaching $14.40 billion against $15.75 billion in 2008, according to the latest report on the GCC banking sector by Global Investment House.

UAE bourses surge in anticipation of DW news

Mon, 15 Mar 2010 06:58:00 GMT

The UAE markets soared yesterday in anticipation of favourable news from the ongoing discussions on Dubai World's debt restructuring plan.

Six Banks Control 60% Of Business

Mon, 15 Mar 2010 04:45:14 GMT

Six large banks controlled about 60 per cent of the UAE's total banking business as at the end of 2009, reveals an analysis of banking figures by Emirates Business.

Dubai Rises to Two-month High; Etisalat Pushes ADX to New Peak

Fri, 12 Mar 2010 06:19:22 GMT

Emaar Properties led Dubai market to a seven-week closing high as speculators buy ahead of an announcement on Dubai World's debt restructuring deal.

Fitch Affirms Strong Rating to NBAD

Thu, 11 Mar 2010 06:09:39 GMT

Fitch Ratings has affirmed the National Bank of Abu Dhabi's or NBAD strong rating, basing its decision on robust management and the performance during the global financial crisis.

UAB proposes liquidity support for Islamic banks

Thu, 11 Mar 2010 06:04:05 GMT

Union of Arab Banks (UAB) is close to finalising a plan to facilitate Islamic banks to approach Central Banks for liquidity support, said to a top UAB official.

Etisalat sees growth in Egypt

Thu, 11 Mar 2010 05:26:03 GMT

Etisalat's investment in Egypt proves low-income countries will not be "left behind" in the digital revolution, etisalat Chairman Mohammad Omran said.

Markaz: GCC Bond Market Survey (Feb-10)

Wed, 10 Mar 2010 14:18:00 GMT

This is a PDF report.

Finance Ministry Could Support UAE Banks In Need This Year

Wed, 10 Mar 2010 13:24:06 GMT

Banks in the United Arab Emirates that need federal support this year could receive it in the form of cash injections, but so far no help is needed, an official from the finance ministry said

Fitch Affirms NBAD's Strong Credit Rating

Wed, 10 Mar 2010 13:09:47 GMT

Fitch Ratings has affirmed the National Bank of Abu Dhabi's (NBAD) strong rating, basing its decision on robust management and the Bank's performance during the global financial crisis.

Etisalat Chairman Outlines New Business Models For a Converged Media Industry

Wed, 10 Mar 2010 12:35:23 GMT

Etisalat's chairman today addressed the Abu Dhabi Media Summit taking place at The Yas Hotel in the UAE capital and urged the industry to adopt new business models to maximize their reach across international boundaries.

ADX hits 12-week high as index adds 0.74%

Wed, 10 Mar 2010 07:23:46 GMT

The Abu Dhabi Securities Exchange (ADX) hit a 12-week high yesterday as the general index added 20.66 points, or 0.74 per cent, to close at 2,795.03 points.

ADX in talks with insurers for listing of debt instruments

Wed, 10 Mar 2010 06:52:25 GMT

Abu Dhabi Securities Exchange (ADX) is talking to issuers to list their debt instruments on the bourse as part of its efforts to diversify listings, ADX Deputy Chief Executive, Rashed Al Baloushi, said yesterday.

NBK Capital: MENA in Focus (08-Mar-10)

Tue, 09 Mar 2010 15:01:00 GMT

This is a PDF report.

BMI: UAE Commercial Banking Report (Mar-10)

Tue, 09 Mar 2010 11:11:00 GMT

Click to read the abstract

BMI: United Arab Emirates Defence and Security Report (Mar-10)

Tue, 09 Mar 2010 09:16:00 GMT

There has been little change in the overall defence and security position of the United Arab Emirates

(UAE) in 2010. The country?s economy is recovering from the parlous position of early 2009 but the

growth days are over for now. Nevertheless, in common with all GCC countries, its defence procurement

appetite remains strong, driven by the threat of a resurgent Iran.

The UAE maintains its small but technologically well-equipped forces and the government continues with

its AED18.4bn (US$5bn) arms contracts announced in mid-2009.

The UAE?s relationship with Iran re

United Securities: Monthly GCC Top Picks (09-Mar-10)

Tue, 09 Mar 2010 08:34:00 GMT

This is a PDF report.

BMI: United Arab Emirates Food and Drink Report (Feb-10)

Tue, 09 Mar 2010 08:03:00 GMT

The US$10bn bailout provided by Abu Dhabi?s government to Dubai World?s property arm Nakheel

was unquestionably the quarter?s headline event. Once thought to be fairly unaffected by the global

downturn at the consumer level relative to much of the developed world, Dubai?s stock plunged

considerably over the H209 period (calendar year). Although weakness at the consumer level, a process

that has been accentuated by the downturn?s negative effect on the expatriate population, in Dubai in

particular is likely to persist over the near-medium term, significant opportunities for growth remain as

discussed in BMI?s

BMI: UAE Commercial Banking Report (Dec-09)

Tue, 09 Mar 2010 07:16:00 GMT

Read Abstract

Waha Maritime To Set Sail For Africa

Tue, 09 Mar 2010 05:15:04 GMT

A senior company official said that with the new acquisition, the company plannned to increase its fleet to 60 vessels.

Etisalat Still Upbeat On Expansion Into Iraq

Mon, 08 Mar 2010 08:23:18 GMT

Etisalat, the UAE's largest telecommunications operator, plans to expand into Iraq after making an offer to acquire one of its three mobile operators, Korek Telecom.

Bank of Sharjah Eyes Private Banking JV with BNP Paribas

Mon, 08 Mar 2010 05:06:00 GMT

The UAE's Bank of Sharjah plans to join forces with France's biggest lender BNP Paribas to tap the fast-growing Middle-Eastern market for the very rich, the company's general manager said.

EFG: Regional Monthly (07-Mar-10)

Sun, 07 Mar 2010 06:50:00 GMT

This is a PDF report.

Global: Global and Regional Market Review (Mar-10)

Mon, 01 Mar 2010 07:37:00 GMT

This is a PDF report.