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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.

May 7, 2014

IEC said in response, "IEC is using every means at its disposal to collect the debt from the Palestinian Authority."
03:55 GMT

The Palestinians owe Israel Electric Corporation NIS 1.5 billion (435 million USD) , and the debt grows NIS 80 million (23 million USD) a month.

August 25, 2013

Forex trading is the business of making profits by speculating on the value of one currency compared to another.
12:56 GMT

“We want our money [back], we are going hungry. We have too many problems. We have to pay our rent, everything else,” said an Indian resident who invested $78,800.

June 26, 2013

Mixed Egyptian pound bills
10:44 GMT

The cost of insuring Egypt's debt against default has risen to record highs in the five-year credit default swap market, according to Markit, on concerns about political unrest.

Saudi Arabian Monetary Agency (SAMA)
07:07 GMT

Reserve assets of Saudi Arabian Monetary Agency (SAMA) increased by 16 percent in May to SR 2.57 trillion, the highest in its record for three consecutive months, according to Al-Eqtisadiah newspaper.

June 25, 2013

Meeting at Dubai Stock Market
06:00 GMT

As mounting concern about the United States reducing fiscal stimulus continued to spur a selloff in most emerging markets, Dubai’s benchmark stock index dropped the most in more than a year.

June 23, 2013

The rial was trading at around 33,300 per dollar
06:19 GMT

The Iranian currency, the rial, rose further on Thursday on hopes the country's economy could improve under its next president, a relative moderate elected last week.

June 20, 2013

The total lPO was valued at SR 5.3 billion in 2012 and SR 1.7 billion in 2011
06:00 GMT

The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.

June 19, 2013

Only Saudi citizens are allowed to subscribe for IPOs
11:46 GMT

The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.

Central Bank of Qatar
11:14 GMT

Qatar Exchange has announced the introduction of government bonds issued by the Qatar Central Bank for trading on the exchange, which will commence on 20 June 2013.

Dubai and Abu Dhabi bourses trade cautiously
06:00 GMT

UAE shares traded cautiously on Tuesday and booked some profits, especially Dubai, as traders await greater clarity on US monetary policy.

June 18, 2013

Central Bank of Bahrain
13:57 GMT

The Central Bank of Bahrain (CBB) announced that this week's BHD 35 million issue of Government Treasury Bills has been oversubscribed by 123 per cent.

Turkish bourse
13:45 GMT

Turkey has seen $1.35 billion of capital outflows from its equity markets since May 26 due partly to global market conditions and two weeks of domestic political unrest, Deputy Prime Minister Ali Babacan said on Tuesday.

Among the top losers were Al Batinah Dev Inv Holding
05:00 GMT

The general index of the Muscat Securities Market (MSM) gained 0.40 per cent to close at 6509.94 points on Tuesday.

June 16, 2013

Emirates Securities Market
14:00 GMT

Stock markets in the UAE and Qatar gained on Wednesday after the MSCI upgraded the two countries to emerging market status. This is likely to attract increased attention from foreign investors.

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.