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FREG turns up the heat on grey transactions
December 23, 2014 - 07:31 GMT
UAE’s Foreign Exchange and Remittance Group (FERG) has turned up the heat on money laundering and frauds at its recent anti money laundering (AML) and combating terrorist financing (CTF) conference in Dubai.

June 16, 2013

The index trimmed its year-to-date gains to 7.25 percent.
11:42 GMT

It turned out to be largely negative for investors yesterday, as Saudi Arabia's benchmark stock index (TASI) recorded a decline of 4.32 percent, which is the biggest intra-day decrease in more than one year.

The Saudi Industrial Development Fund (SIDF)
06:00 GMT

The Saudi Industrial Development Fund (SIDF) has approved more than 3,480 loans worth SR 106 billion for 2,475 projects, the SIDF chief has disclosed.

June 13, 2013

Egypt bourse
10:43 GMT

Egypt's bourse tumbles to an 11-month low as investors fret about the possibility that it could eventually be excluded from the MSCI Emerging Market Index used by many international fund managers.

 the tariff for higher categories will be substantially increased with additional imposition of a tax on consumption of over 1,000 units per month
05:00 GMT

Pakistan’s Finance Minister Ishaq Dar on Wednesday presented his government’s first budget for fiscal 2013-14 in the National Assembly with a record outlay of $200 billion.

June 12, 2013

Consumer prices increased 0.6 percent in April, after 0.5 percent in March
11:03 GMT

Annual inflation in Yemen surged to 14 percent in April, the highest level since February 2012, fuelled by rises in the prices of food, tobacco and qat, central bank data showed on Tuesday.

Market breadth stood in favour of decliners as of the 57 securities
06:00 GMT

Most regional equity markets ended the day modestly higher amid expectations of a possible MSCI upgrade for UAE and Qatar to emerging market status.

June 11, 2013

Tadawul All-Share Index (TASI) finished with a nominal decline of 0.08 percent yesterday
10:35 GMT

Despite an upward jump (+16.5 points) after the opening bell, the Tadawul All-Share Index (TASI) finished with a nominal decline of 0.08 percent yesterday.

He said he could save a handsome amount by holding the remittance for more than two weeks.
06:13 GMT

Indian expatriates who were sending money back home had smiling faces yesterday as the struggling Indian rupee hit a record low against the US dollar.

The DFM General Index dropped 2.30 per cent to 2,344.76 amid declining turnover
06:00 GMT

Dubai: The Dubai stock benchmark tumbled to its biggest one-day drop since March 2012 as investors continued to shun risk ahead of the MSCI decision on Wednesday to upgrading the UAE into emerging market category.

Market breadth stood in favour of advancers as of the 52 securities traded for the day 26 advanced while 17 declined and 19 stocks closed unchanged
06:00 GMT

The Muscat Securities Market continued to climb on Monday with strong buying support from local investors. The benchmark index gained 1.28 per cent before closing at a 52-week high of 6,633.41.

June 10, 2013

Al Noor is the second UAE healthcare company to launch an IPO and list on the LSE
12:22 GMT

Abu Dhabi healthcare firm Al Noor Hospitals plans to raise between $320 million and $390 million by offloading up to 34 percent of the company's stock through a flotation in London, it said on Monday.

This new financial tool is arguably an addition to the markets and will further boost trading on those markets
06:00 GMT

The regulation allows a shareholder who does not want to or cannot subscribe for the share increase to sell his rights for financial benefit.

Al Batinah Development was the top gainer for the day.
05:00 GMT

Taking cue from the strength in global equities, the Muscat Securities Market general index traded in positive territory, gaining 0.79 per cent to close at 6,549.61 on Sunday.

The Abu Dhabi measure was down 0.25 per cent to 3590.43.
05:00 GMT

The Dubai and Abu Dhabi benchmarks fell yesterday, led by real estate stocks, that had some of the biggest gains this year ahead of index compiler MSCI Inc.’s decision on its review of UAE’s and Qatar’s possible upgrade to emerging market from its current frontier status.

June 9, 2013

May forecast of foreign reserves were to increase to $19bn by the end of this year
06:58 GMT

The Central Bank of Egypt (CBE) announced a $1.6bn increase in Egypt’s net foreign currency reserves to $16.04bn at the end of May, but analysts warn this is a “temporary phenomenon”.