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Trendline broken. Is it the time to Long?
Published on 2012-01-25 08:41:00
After the previous reading, DFM index as always went the other way. 1300 formed a support and previous resistance at 1340 was broken plus the trendline also broken with strong volumes. But i have seen something similar before and DFM index always tends to come back to the long term downtrend. Hopefully for a lot of the punters in this market 2012 will bring good tidings. But, i doubt it. > read more
Greece Is Insolvent, Will Default on Its Debt, Fitch Says
Published on 2012-01-17 11:11:00
Greece is insolvent and probably won’t be able to honor a bond payment in March as the country negotiates with creditors to cut its debt burden, Fitch Ratings Managing Director Edward Parker said. The euro area’s most indebted country is unlikely to be able to honor a March 20 bond payment of 14.5 billion euros ($18 billion), Parker said today in an interview in Stockholm. Efforts to arrange a private sector deal on how to handle Greece’s obligations would constitute a default, he said. Pr [..] > read more
The Dubai Index could go down very far
Published on 2012-01-15 10:15:00
The Dubai Financial Market Index tried over the last week to hold the 100% Fibo at 1338 but, unable to do so. The volumes in the past fews days with a downward bias strongly suggest we are moving south with initial support at the down trend channel bottom line which could be anywhere. But a likely target would be 1166 which is 138.2% fibo level also times well with downtrend channel bottom line and the fibo timezone line (vertical). We could see a lot of support there. For the impatient kind the [..] > read more
Emaar puts Dubai Mall as collateral
Published on 2011-12-19 20:33:00
Emaar Properties has signed a new Islamic and conventional financing facility amounting to Dh3.6 billion ($1 billion).The facility was signed with Dubai Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Bank as mandated lead arrangers and bookrunners.As part of the overall debt management for the company, the drawdown of the facility will convert the company’s debt’s maturity profile from short to longer term. This new facility will also assist in reducing the overall financing [..] > read more
Dubai Financial Market Close to MSCI but not classified this time
Published on 2011-12-15 00:36:00
DFM had positive remarks and could be the next potential MSCI upgrade candidate.Sounds very positive, now we should have some focus on our markets.Qatar obviously doesn't care about MSCI listing. > read more
UPP posts record loss of 1.1 Billion dirhams for Q32011
Published on 2011-11-15 09:18:00
15/11/2011 Bloomberg Union Properties PJSC (UPP), a Dubai-based developer, reported a record loss as costs rose and property values in the Persian Gulf emirate slumped. The third-quarter loss widened to 1.1 billion dirhams ($289 million) from 452 million dirhams a year earlier, the company said in a statement today. Direct costs jumped to 726 million dirhams from 415 million dirhams. Dubai’s property market went from being one of the world’s best-performing to the worst following the global [..] > read more
DU get TRA nod for 4G
Published on 2011-11-15 09:12:00
UAE's integrated telecom operator du has been allowed by the Telecommunications Regulatory Authority (TRA) to refer to its HSPA+ mobile network as 4G, a company statement said. It said since March 2011, du has been providing 4G mobile data network in the UAE, covering 99.8 per cent of the country’s population. However, du was temporarily refrained by the TRA from running advertisements claiming its mobile network was 4G till a review was done. The company said that over the past few weeks it h [..] > read more
Q32011 Results
Published on 2011-11-15 09:03:00
Company Net Profit (Q32011) Net Profit (Q32010) % change EPS (FILS) 9months ENBD 174.8 mil. 423.9 mil -58.70% 41.9 DIB 298.0 mil. 269.6 mil. 10.80% 22.4 EMAAR 406.5 mil. 612.3 mil. -33.60% 18 DU 244.4 mil. 163.1 mil. 49.60% 14.4 ARMX 48.0 mil. 46.7 mil. 2.80% 10.5 DIC 24.9 mil. 213.6 mil. -88.20% 7.4 TAMWEEL 15.7 mil. 7.3 mil. 115.10% 7.1 AIRARABIA 99.3 mil. 135.2 mil. -26.60% 4.1 D [..] > read more
Emaar Third-Quarter Apartment Sales Plunge 86% Amid Weak Demand
Published on 2011-11-14 00:33:00
Nov. 13 -- Emaar Properties PJSC, the developer of the tallest tower inDubai, said revenue from apartment sales plunged 86 percent in the thridquarter amid weak property demand in the Persian Gulf emirate.Income from apartment sales dropped to 183.3 million dirhams from 1.34billion dirhams a year earlier, according to Emaar's financial statementposted on Dubai's stock market today. Revenue from sale of villas jumpedto 126.4 million dirhams from 30.4 million dirhams. Emaar postedthird-qua [..] > read more
Dubai investor gets record $9.6 million fine
Published on 2011-11-13 05:14:00
"'Sophisticated investor' Ramesh Goenka fined by UK regulator for manipulating GDRs of Reliance IndustriesBy Vicky KapurPublished Thursday, November 10, 2011 Rameshkumar Satyanarayan Goenka, a Dubai-based private investor, has been fined $9,621,240 (approximately 6 million) by the UK's market regulator Financial Services Authority (FSA) for artificially inflating the closing price of Reliance Industries (Reliance) securities on the London Stock Exchange with a view to profit from it [..] > read more
invest 1 million dirhams
Published on 2011-06-29 08:17:00
Invest 1 million dirhams and get a 3 year visa. I don't think its a good proposition.You would probably get citizenship in a G8 country if you had that kind of dough. > read more
Mumbai in Mansoon
Published on 2011-06-29 08:13:00
More crowds, more cars, thats my first impression. Nothing much has changed, poor look more poorer and rich are richer.Everybody talks in crores but can't afford a mumbai-dubai air ticket. Most apartments are either empty or given on rent.The situati > read more
Dubai Govt looking for more Debt
Published on 2011-06-15 01:38:00
Currently Total Dubai Government Debt at 115 Billion Dirhams 38% of theGDP as per their presentation recently. They are looking to tap the Debtmarket soon! > read more
Gulf equities to come under selling pressure
Published on 2011-06-06 06:45:00
GCC stock markets are expected to come under selling pressure in theweek ahead amid softening international oil prices and concerns aboutthe faltering US economy, market analysts say. > read more
DFM : TA 28/05/2011
Published on 2011-05-28 01:12:00
Trending in a Channel (Down) > read more
DFM hits support channel broken
Published on 2011-05-24 02:28:00
DFM bounces from support levels at 1524 but will it hold the downtrendchannel was broken downwards, so likely to carry on downwards untilsense returns to the world markets. > read more
Drake and scull founders shares released
Published on 2011-05-24 02:07:00
DSI: Expiry of the lock on company's founders shares > read more
Tabreed share value drops
Published on 2011-05-23 03:11:00
With Mubadala stake in Tabreed rising, there will be a dilution of sharevalue and therefore expect a substantial drop in Tabreed's prices > read more
Today's Headlines
Published on 2011-05-23 02:59:00
ASIA-PACIFIC Asia Extends Losses on Weak China DataEUROPE European Shares Fall on Euro Zone Debt WorriesU.S. Stocks End Lower for Third Straight Week > read more
Europe Shares to Open Lower on Euro Crisis Fears
Published on 2011-05-23 02:56:00
European stocks were expected to open lower on Monday following afurther downgrade of Greece's credit rating by rating agency Fitch andafter Standard and Poor's decision at the weekend to revise its outlookfor Italy to "negative" from "stable".Ahead > read more
DFM:Continuing with the downtrend Channel
Published on 2011-05-23 02:25:00
The market is undecided and has negative bias is what the channel denotes. So two things will happen the market will confirm the negative bias and fall rapidly towards the supports or some positive news comes in and changes the whole attitude of the > read more
How this market works?
Published on 2011-05-18 04:00:00
What would you do if you had lots of cash and you are holding hugenumber of shares of a dead stock. Purchase a large number of stocks tocreate an interest in that stock and dump it once you reached aprofitable level.Why it will work in this market, b > read more
Something strange going on in the Tamweel stock
Published on 2011-05-18 03:53:00
What was yesterday's dead stock now a favourite....? > read more
Nasdaq and S&P Chart of the day
Published on 2011-05-17 08:52:00
DFM:Moving in a Downward Channel
Published on 2011-05-17 08:47:00
Supports available at 1524 & 1436. > read more
Expect a Bearish Summer ahead....
Published on 2011-05-17 04:16:00
Various Analysis and a look at most results out this Q1 in 2011 suggesta very hot summer indeed for the local stocks > read more
DFM firmly in a downtrend
Published on 2011-05-16 04:22:00
Emaar profit drops 45%
Published on 2011-05-15 08:05:00
Dubai: Emaar Properties, the UAE's largest real estate developer bymarket value, saw an 81 per cent drop in revenue from apartment sales inthe first quarter, the company said on Sunday.In a statement to the Dubai Financial Market (DFM), Emaar als > read more
National Cooling (TABREED) Q1-2011 results
Published on 2011-05-15 02:55:00
TABREED announced its results for the First Quarter for the 3 monthsended on 31-03-2011 as follows: Net Profit AED 32.751 Mill Earnings per share AED 0.08 Net Profit last year AED 43.841 Mill Earnings per share last year AED 0.11 > read more
Arabtec Holding (Arabtec) Q1-2011 results
Published on 2011-05-15 02:54:00
Arabtec Holding Co. announced its results for the First Quarter for the3 months ended on 31-03-2011 as follows: Net Profit AED 54.002 Mill Earnings per share AED 0.02 Net Profit last year AED 196.479 Mill Earnings per share last year AED 0.11 > read more
DFM Co. (DFMC) Q1-2011 results
Published on 2011-05-15 02:53:00
Dubai Financial Market announced its results for the First Quarter forthe 3 months ended on 31-03-2011 as follows: Net Profit AED 341 Mill Earnings per share AED 0.0003 Net Profit last year AED 53.581 Mill Earnings per share last year AED 0.0067 > read more
Shuaa Capital Q1-2011 results
Published on 2011-05-15 02:52:00
SHUAA Capital Co. announced its results for the First Quarter for the 3months ended on 31-03-2011 as follows: Net Loss AED 26.345 Mill Loss per share AED 0.025 Net Profit last year AED 19.477 Mill Earnings per share last year AED 0.018 > read more
Gulf Navigation (GNAV) Q1-2011 results
Published on 2011-05-15 02:51:00
Gulf Navigation Holdings announced its results for the First Quarter forthe 3 months ended on 31-03-2011 as follows: Net Profit AED 221 Mill Earnings per share AED 0.00014 Net Profit last year AED 3.072 Mill Earnings per share last year AED 0.002 > read more
Today's Dubai Market Headlines
Published on 2011-05-15 02:36:00
Emaar First-Quarter Apartment Sales Drop 81%, Villas 50% Amid DubaiSlump - BloombergDubai Financial Market's First-Quarter Net Plunges 96% Amid MideastUnrest - BloombergTamweel in a tailspin after two years in the cold - The NationalFinancial lim > read more
Dubai: In a downtrend channel....
Published on 2011-05-15 02:26:00
The Market fell moderately in the last session a net 11.69 points(0.73%) and closed at 1596.80 points level. The market opened flat andthen turned downward until 12:58 hours when it reached its day low at1594.18 points level. And then it turned into > read more
Busting China's stock scams
Published on 2011-05-12 01:49:00
12 May 2011 It seemed like the perfect China play, a way for investors to cash in onthe world's fastest growing economy. China MediaExpress Holdings Inc, which provides advertising on busesthat clog the smog-choked streets of the country's l > read more
Bombay Stock Exchange collapses
Published on 2011-05-10 03:31:00
After an early rise BSE (Mumbai) Index collapse to turn negative. > read more
Air Arabia Net profit declines 12%
Published on 2011-05-10 02:26:00
* Net profit drops by 12% y-o-y to AED44.2mn* Revenues increased by 6% y-o-y to AED513.2mn* Load factor improved to 85% in 1Q11 up from 80% in 1Q10* Mena unrest and rising fuel prices weigh on earnings > read more
DFM-Net profit decline by 96%
Published on 2011-05-10 02:25:00
* Trading commission fees declined by 59.1% YoY to AED25.5mn. * Net profit att. to owners of the company was at AED2.2mn, registereda YoY decline of 96%. * Expenses risen considerably at AED30.4mn, up 70.4% on a YoY basis. > read more
Tabreed 1Q Net Profit down
Published on 2011-05-10 02:22:00
Dubai's Tabreed 1Q Net Pft Down 21% At AED31.9 Mln > read more
Dubai Index to close below 200 day MA
Published on 2011-05-08 04:32:00
Showing a bearish sign to long term investors DFM index broke the 200day MA. > read more
DFM continues its treck downwards
Published on 2011-05-05 04:29:00
DFM Index heading for the 1500-1560 support areas in the near term. > read more
Emaar downgraded
Published on 2011-05-03 03:37:00
RASMALA brokerage downgrades EMAAR from buy to a HOLD. > read more
Air Arabia Dividend- Did I tell u so?
Published on 2011-04-06 03:46:00
UAE markets slip; Air Arabia on record low (Reuters)6 April 2011 DUBAI - UAE markets slipped as trading was range-bound on Tuesday, whileAir Arabia fell to an all-time low after dividend adjustment. Most bluechips on Dubai's index marked losses w > read more
UAE's Mubadala posts $85.76m loss in 2010 on market writedowns
Published on 2011-03-27 09:55:00
Abu Dhabi government's investment vehicle Mubadala posted a comprehensive loss of AED315m ($85.76m) in 2010 due to mark to market writedowns, it said on Thursday.Mubadala, which holds stakes in Advanced Micro Devices Inc and Ferrari, as well as Gener > read more
Syria's Daraa hit by protests for fifth day
Published on 2011-03-23 02:09:00
DARAA, Mar 22, 2011 (AFP) - Hundreds of protesters gathered in theSyrian town of Daraa Tuesday amid tight security, an activist said, asanti-regime demonstrations entered their fifth day."Around one thousand protesters gathered in and around the > read more
Handouts dash Saudi king's 'reformer' reputation
Published on 2011-03-23 02:06:00
This week's announcement by Saudi King Abdullah of lavish socialhandouts and a boost to security and religious police, but no politicalchange, leaves his prized reputation as a reformist in tatters, analystssay.Saudis on the streets of Riyadh aft > read more
Gulf, Egypt have $80bn worth of debt due by 2012, says RBS
Published on 2011-03-23 02:02:00
Egypt and the six Gulf states have $80bn of debt maturing in the nexttwo years, a senior executive of Royal Bank of Scotland said Tuesday inDubai. > read more
No Emaar Dividend... For Third Year Running
Published on 2011-03-23 01:42:00
22 March 2011, 03:32:23 PMEmaar Properties - for the third consecutive year -- is not likely topay dividend for 2010, the proposal for which will be discussed at theannual general meeting (AGM). > read more
Dubai Financial Market Net profit drops 77%
Published on 2011-03-23 01:40:00
Dubai Financial Market (PJSC) today announced its results for thefinancial year ending 31st December 2010. The Company recorded a netprofit of AED 78.9 million for the year 2010, compared to AED 346.6million in 2009. > read more
US Stocks Join Global Selloff; Japan's Nuclear Crisis Deepens
Published on 2011-03-15 09:55:00
U.S. stocks tumbled more than 2 percent at the open Tuesday, trackingglobal equities sharply lower as Japan's looming nuclear crisis lookedset to thrust financial markets into a period of turmoil.A Japanese nuclear power plant sent low levels of > read more
If Market Keeps Falling, Fed Will Keep Printing money
Published on 2011-03-15 09:54:00
Falling stock prices will be met only with more money injections fromthe Federal Reserve, Marc Faber, the so-called "Dr. Doom,"Speaking as global markets fell violently lower in the wake of the Japanearthquake and fears of a nuclear meltdow > read more
Dubai Islamic Bank (DIB): 33% decline in profit
Published on 2011-03-13 06:37:00
13 March 2011 DUBAI - Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE,on Saturday declared a 33 per cent decline in its annual net profit onincreased provisions for the period ending December 31, 2010 compared toa year earlier. The ban > read more
Asian Markets down this morning
Published on 2011-03-09 21:44:00
On the back of China's trade deficit and Japan's contraction in economy. Plus the unrest in Libya escalating. > read more
Clashes effect the markets
Published on 2011-03-09 12:03:00
The world markets were in red today as news of clashes in Eqypt and escalation of voilence in Libya came through. > read more
DFM index up 100 points in 2 days
Published on 2011-03-09 02:09:00
Arabtec price is back to its former glory....The risks/problems of the region are gone? > read more
A Volatile market
Published on 2011-03-09 00:10:00
Speculators make this a very volatile market...1 day a stock is taken 10% down and the next you see it up by 10% don'tbe surprised to see that same stock down afterwards by 20%. Who loses? The common man....Avoid the volatility and please don' > read more
Published on 2011-03-08 02:00:00
Dubai stocks in green today and the index above 1400's > read more
DFM Index : Market Analysis 08-03-2011
Published on 2011-03-07 22:29:00
The Market fell moderately yesterday a net 13.91 points (1%) and closed at 1375.13 points level. The market opened flat. And then it fell until closing. The market moved in a range of 30 Points. Sentiment was Bearish. 6 of the 9 sectors closed with > read more
Looking for cues
Published on 2011-03-07 00:48:00
Today looks like a wait and watch day at Dubai Financial Market.Internally there are no cues only external factors matter.... > read more
Emaar gets Dh214m from Amlak
Published on 2011-03-07 00:12:00
Dubai-headquartered real estate developer Emaar Properties receivedDh214.43 million from its subsidiary, Islamic mortgage provider AmlakFinance, in 2010, and believes that the remainder Dh712m that its armowes it is "fully recoverable," acc > read more
DFM slightly positive
Published on 2011-03-06 07:15:00
There was some buying today in DFM as TASI recovered some ground. But,the investors have been spooked and unlikely to come back so soon in bignumbers. The risks are still there and troubles of the region have notdissappeared overnight? Have they? Cau > read more
Saudi bans protest and marches
Published on 2011-03-06 02:02:00
With orders to take all necessary action to stop any protests. > read more
Dubai stocks up 7%
Published on 2011-03-06 01:01:00
Some of the leading stocks that had dropped in previous sessions were up7% today on the back Saudi stocks performance yesterday.While Bahrain protesters continue to be on streets, Oman roits havecooled down but some protests were reported in Sur near > read more
Dubai market goes South
Published on 2011-03-03 01:48:00
After holding nicely for most of the morning.... As soon as the Europeanmarkets are about to open. The DFM starts to head south. > read more
World is positive today
Published on 2011-03-03 00:29:00
All markets today are in a positive mood, thanks to good news from US. > read more
Panicky punters selling Long term investors to buy
Published on 2011-03-02 22:42:00
“A lot of the selling has been from onshore, local and regional investors; the speed of the decline tells you it’s pure panic,” said Dubai-based Ibrahim Masood, who helps manage about $400 million at Mashreqbank. “On balance, I suspect that a > read more
DFM Index - Market Analysis - 02 March 2011
Published on 2011-03-02 12:35:00
The Market fell substantially in the today's session a net 50.33 points (3.53%) and closed at 1374.43 points level. The market opened flat and then turned downward until 10:58 hours when it reached its day low at 1360.31 points level. And then it tur > read more
Book Value of today's volume churners
Published on 2011-03-02 12:28:00
Arabtec BV 2.21 (Market price 1.22)Emaar Properties BV 5.50 (2.50)Aramex Courier 1.22 (1.31)Drake & Scull 1.21 (0.77)DFM Co. BV 0.94 (price 1.24) > read more
P/E Ratios for some of Dubai Gems at todays price
Published on 2011-03-02 12:11:00
Arabtec Holding 6.10 (current price 1.22)Emaar Properties 5.43 (2.50)Aramex Courier 10.67 (1.60)DFM Co. 58.50 (1.17)Dubai Islamic Bank 9.23 (2.03)Emirates NBD Bank 7.55 (3.02)Drake & Scull 7.82 (0.86)Air Arabia 11.10 (0.78) > read more
Dubai Stocks at record lows
Published on 2011-03-02 01:29:00
Emaar at 2.48 from 2-3 weeks back when it was around 3.25.Arabtec at 1.21 10% down at lowest limit today.Wow is only thing I can say...These are opportunities for a buy.. > read more
Dubai touches even lower
Published on 2011-03-02 01:13:00
Dubai Financial Market touched 1360 today to reach a record low again. > read more
Cairo bourse to remain shut
Published on 2011-03-01 09:05:00
Cairo bourse to be remain shut till Sunday. > read more
Dubai pauses before it gets ready to dive again
Published on 2011-03-01 09:04:00
Dubai Financial market closed up 1% 1426.76 after it touched a six yearlow yesterday.Overall Middleeast:216 stocks were UP; 368 were DOWN; 84 were unchanged.Lets see how negative the effect of 7% fall by Saudi market likely tohave on the DFM tomorrow > read more
MSM crashes 4.9% as investors dump holdings in panic
Published on 2011-03-01 08:57:00
MUSCAT: Share values on the Muscat Securities Market (MSMMSM) witnessedthe biggest fall yesterday since February 2009, when the bourse plunged4.89 per cent or 316 points amid massive selling pressure from bothforeign institutions and retail investors > read more
Saudi shares dive 6.8% on Mideast unrest fears
Published on 2011-03-01 08:55:00
RIYADH, Mar 01, 2011 (AFP) - Saudi shares dived 6.8 percent at close onTuesday amid panic sell-off by investors concerned over unrest that hashit several Arab countries, traders said. > read more
Gulf stocks could outperform peers
Published on 2011-03-01 01:36:00
(This article says 25% upside - make it 25% the market has falled 10%after this article was published)Monday, Feb 28, 2011Bank Sarasin-Alpen (ME) Limited sees great opportunities in GCCequities, chief investment officer saysDubai: Gulf currencies and > read more
Uneasy Calm returns to Sohar, Oman
Published on 2011-02-28 07:26:00
Muscat: An uneasy calm prevailed in port town of Sohar even as young Omani jobseekers lined up outside Manpower Ministry in Muscat from early morning to register after government announced 150 Omani riyals monthly unemployment allowance. (Thats about > read more
Dubai at six-year low, markets down after Oman protests
Published on 2011-02-28 06:41:00
Dubai's index tumbled to a six-year low and Oman saw its largest drop intwo years on Monday as widening protests in the sultanate and a steepdrop in Saudi stocks a day earlier sparked a sell-off on Gulf markets.Dubai dropped 3.8 per cent to its lowes > read more
Time to Buy
Published on 2011-02-28 02:59:00
"When everyone panics it's the right time to buy" said a wise man...Some gems available going cheap Arabtec, Emaar, Air Arabia, DIC, DSI, Gulfnav.Will we see such low prices again in UAE stocks lifetime? > read more
Market Analysis - 24-02-11
Published on 2011-02-24 04:37:00
The Dubai Financial Market Index rose substantially in the last sessiona net 19.63 points (1.33%) and closed at 1499.04 points level. Theindexd opened flat, and then turned downward until 10:01 hours when itreached its day low at 1471.15 points level > read more
DFM Index- Expect to test low waters
Published on 2011-02-24 00:51:00
Expect to check out support at 1465 for now. > read more
10 best candlestick patterns
Published on 2011-02-23 12:43:00
They must be combined with other forms of technical analysis to really be useful. For example, when you see one of these patterns on the daily chart, move down to the hourly chart. Does the hourly chart agree with your expectations on the daily chart > read more
Fundamental versus Technical
Published on 2011-02-23 12:29:00
Technical analysis and fundamental analysis are the two main schools of thought in the financial markets. As mentioned, technical analysis looks at the price movement of a security and uses this data to predict its future price movements. Fundamental > read more
DFM - Big guns stay away
Published on 2011-02-23 00:23:00
Volumes are very poor this morning... The sellers may be on sidelineswatching the libya matter escalate. But, except for a few daring cowboysthe big guns are staying away. > read more
Market Analysis - 23-02-11
Published on 2011-02-22 23:55:00
The Dubai Financial Market fell substantially yesterday a net 37.02points (2.44%) and closed at 1479.41 points level. The market openedflat and then it fell till the end. The market moved in a range of 41 Points. Sentiment was Bearish. 8 ofthe 9 sec > read more
DFM sold stake in Nasdaq?
Published on 2011-02-22 10:59:00
DFM sells stake in NASDAQ (Al Rai)12/18/2010 Dubai Financial Market sold 22.78 million shares owned in NASDAQ OMX for $672 million in favor of NASDAQ itself. The amount will be used to pay a $2.45 billion-loan due this February. > read more
100$ Crude Oil?
Published on 2011-02-22 10:30:00
100$ Crude Oil may be good for some countries, but is it good for their people? Does 50$ extra they charge go into these countries people welfare?Food price rise, inflation, voilence, unrest are some of the effects we are seeing. from 30$ to 100$ the > read more
Libya Voilence tanks, warplanes
Published on 2011-02-22 10:20:00
(Reuters) Libya's Muammar Gaddafi used tanks, helicopters and warplanes to fight a growing revolt, witnesses said on Tuesday, as the veteran leader scoffed at reports he was fleeing after four decades in power.The U.N. refugee agency urged to Libya's > read more
Such a drop will have consequences
Published on 2011-02-22 03:28:00
"The net line is likely to be seen as a disappointment by the market and we would expect the stock to underperform post these results."Air Arabia earned a profit of AED73.2m ($19.93m) for the last quarter of 2010, down from AED115.68m in the year-ear > read more
Air Arabia profits down 32%
Published on 2011-02-22 01:58:00
Air Arabia, the Middle East’s biggest low-cost airline, said full-year net profit plunged 31.5 percent as rising fuel costs put pressure on margins.Net profit for the twelve months to December 31, 2010 fell to AED309.56m from AED452m a year earlier > read more
UPP Net loss for 2010 300% (triples)
Published on 2011-02-19 08:49:00
Union Properties full-year loss more than triples from 2009Dubai: Union Properties, Dubai's third largest real estate developer by market value, said yesterday its full year net loss more than tripled to Dh1.5 billion from Dh498 million a year ago.Re > read more
Voilence in this regime change politics will destabilise the region
Published on 2011-02-19 08:40:00
84 are report killed in Libya. Similar reports of deaths in Bahrain, were sect politics has complicated things.Rights watchdog says total death toll reaches 84 as violent protests escalate in Libya Pro-Gaddafi supporters gather in Green Square > read more
DSI 2010 profits drop from 280m to 162m
Published on 2011-02-15 23:01:00
Drake & Scull sees flat Q4 results, hit by acquisition costs : Dubai contractor Drake & Scull International’s fourth quarter net profit stayed flat at AED41m, matching earnings in the same period a year earlier, the company said Monday. Net > read more
Tamweel Q4 net profit falls 27.3 pct
Published on 2011-02-13 22:26:00
Dubai Islamic mortgage lender Tamweel’s fourth-quarter net profit fell 27.3 percent, Reuters calculations show, as income from Islamic financing and investment portfolio dropped.Tamweel, in which Dubai Islamic Bank (DIB) took a majority stake in Se > read more
Emaar 4Q Net Pft Slumps 62% On Impairments, Provisions
Published on 2011-02-11 23:27:00
Dubai's Emaar Properties said fourth-quarter net profit slumped 62% to 274 million U.A.E. dirhams ($74.7 million), missing analyst expectations, as the real-estate developer doubled impairment charges and provisions during the period. > read more
Egypt crisis won't go so easily
Published on 2011-02-01 21:16:00
Because the next option to Mubarak is not tested and the OTHER option the brotherhood won't be allowed by the egyptian elite and military.So, Mubarak won't be willing to dump his country to the wolves.In GCC the only country that could be at risk of > read more
Middleeast "A time bomb" say Kahn
Published on 2011-02-01 01:17:00
Dominque Strauss Kahn, MD of the International Monetary Fund, says thepolitical turmoil in Egypt is somewhat inevitable as the country'seconomic development has been reliant on a conflicted society for manyyears. Middleeast unemployed youth is a > read more
'Mega protest' planned in Egypt
Published on 2011-01-31 02:22:00
Middle East Opposition movement calls for "a million people demonstration" onTuesday in a bid to topple president Hosni Mubarak Egyptian protesters have called for a massive demonstration on Tuesdayin a bid to force out president Hosni Mu > read more
DFSA Alert over Tunisia
Published on 2011-01-31 00:04:00
The Dubai Financial Services Authority DFSA has issued a letter to its members in response to the currentpolitical and social unrest in the MENA region, notably Tunisia andAlgeria. "Given these recent events, the DFSA wishes to remindAuthorised > read more
Dubai Investments sees 36% plunge in Q4 net profit
Published on 2011-01-30 08:52:00
UAE conglomerate Dubai Investments reported a 36 percent drop in itsfourth-quarter profit, as revenues for 2010 fell as the local economyremained weak after the burst of the asset bubble two years ago.Dubai Investments, which is involved in sectors f > read more
The DOW or the MISR effect
Published on 2011-01-30 06:41:00
Lets call it the DOW effect... with DOW reaching higher and higherpeople in our market were optimistic. As soon as you saw a 166pt drop in DOW. We started the day 100pts down and eventually closed higher still 5%down. Point to remember is that there > read more
Egypt risk
Published on 2011-01-29 02:32:00
Arabian Gulf shares fell, sending Abu Dhabi index to the lowest level in four months, on investor concern political protests in Egypt will escalate, hurting local companies with investments in the North African country.Dana Gas, the UAE energy compan > read more
OPEC output hits two-year high in Jan, says Reuters survey
Published on 2011-01-29 02:30:00
OPEC output has risen in January to the highest since December 2008, a Reuters survey found on Friday, suggesting oil prices near $100 a barrel have encouraged the group to pump more oil.Any extra supply from the Organization of the Petroleum Exporti > read more
Emaar borrows 500mil$ at 8.5% for 5.5 years
Published on 2011-01-28 02:26:00
Emaar borrows 500mil$ at 8.5% for 5.5 years through a Islamic Sukuk. > read more
Striking Arabtec workers to be deported
Published on 2011-01-27 01:37:00
Striking Arabtec workers to be deported Dubai is preparing to deport 50 Bangladeshi workers, Mohammed Abu Zafar, the consul general for Bangladesh has confirmed. The workers were rounded up by police after they were identified as ring leaders i > read more
ADX: Finance House to pay 15% dividend
Published on 2011-01-27 01:24:00
Now that's some real Dividend News. > read more
UAE Report by Banque Audi
Published on 2011-01-26 12:39:00
Download the report here > read more
Dubai World not sinking?
Published on 2011-01-26 12:01:00
Dubai developer Nakheel on Wednesday rejected reports that its 300 man-made islands shaped like a map of the world are washing away and said it is in talks to sell a remaining 30 percent of the delayed project."The World islands are definitely not si > read more
Ex-Dividend
Published on 2011-01-26 04:53:00
Ex-dividend date is the day on which all shares bought and sold nolonger come attached with the right to be paid the most recentlydeclared dividend. This is an important date for any company that hasmany stockholders, including those that trade on ex > read more
Air Arabia is the dividend worth it? - Revisited
Published on 2011-01-26 03:35:00
What you see in Airarabia stocks is its risen from 0.82 to 0.86 that'sabout 4.6% already and so if its rises another 5.5% by the time itbecomes ex-dividend stock.On the date it becomes ex-dividend the stock can go back to 0.82 thatwill be loss of 10% > read more
DFM should translate into English
Published on 2011-01-26 02:59:00
DFM should translate all the announcements into English for thespeculators to not take DFM market for a ride like they did with AirArabia. > read more
Airarabia Annoucement on 19th Jan 2011
Published on 2011-01-26 02:56:00
Air Arabia board of Directors met as announced on Wednesday 19th ofJanuary at 5:00 pm. The board approved the budget for the year 2011, anddiscussed the business outlook and strategy for the near future. > read more
Air Arabia is the dividend worth it?
Published on 2011-01-25 02:11:00
Air Arabia is the dividend worth it? Unless the stock price is undervalued. The dividend won't make a difference. As always the post dividend price will go down almost by 10% so will the 10% dividend be worth it. Unless you are looking at holding > read more
DFM with a negative bias on charts
Published on 2011-01-24 00:17:00
The Market fell marginally in the last session a net 5.08 points (0.32%)and closed at 1604.14 points level. The market opened flat and thenturned upward until 10:31 hours when it reached its day high at 1616.31points level. And then it fell until clo > read more
H2 is it?
Published on 2011-01-23 03:10:00
Ask any analyst nowadays about Dubai Stock market and he will tell themarket will improve, but he doesn't know when. Now these guys tell youafter H2. So does it mean before H2 stay away. Atleast they themselvesare staying away with their money. M > read more
Dubai real estate prices set to fall another 10%
Published on 2011-01-21 22:18:00
21-JAN-2011. PRICES SOUTHBOUND: A property boom in Dubai collapsed at the end of 2008 when it was hit by the global financial crisis and the Gulf state's debt crisisDubai house prices, already nearly 60 percent off their peak, are set to drop another > read more
DFM Signals
Published on 2011-01-20 07:59:00
Emaar, DFM, Arabtec, UPP:Short term : NeutralMedium & Long term : BearishDU:Short/Medium/Long term : Bullish > read more
Now I know whats booting this economy
Published on 2011-01-19 23:36:00
Don't get any idea's, its tourists. Hotels doing great business I guess.http://www.arabianbusiness.com/uae-is-world-s-biggest-consumer-of-blended-scotch-374804.html > read more
DFM looks set to dive
Published on 2011-01-16 05:28:00
DFM looks set to dive Unless you are a expert at deep sea diving now maybe the time to get out of this boat….. Most world markets are at their peaks and likely to see south side DFM's rally seems to have come to an end. > read more
Now maybe the time to open up
Published on 2011-01-16 05:23:00
Now maybe the time to open up Now maybe the time for Dubai cos to open up their share holding to expats. More transparency and more participation in local cos by foreign investors. I would suggest 100% in all cos, but you can limit single shareh > read more
Who wants to invest in Dubai & Abu Dhabi?
Published on 2011-01-16 05:12:00
Top picks in united securities fund includes only Saudi & Qatar Stocks.None from Dubai & Abu Dhabi.As they say "We continue to focus on Saudi, Doha and Muscat market forthe coming period. Dubai and Abu Dhabi might offer some tradingoppor > read more
Expect a pull back in US stocks
Published on 2011-01-16 01:47:00
Expect a pull back in US stocks Inspite of the earnings season, investors in US expect a pullback as stocks are at record highs and US economy not fully on its feet. > read more
DFM Technical Analysis: 13 Jan 2011
Published on 2011-01-13 01:18:00
The market fell marginally in the last session a net 5.74 points (0.35%)and closed at 1627.79 points level. The market opened flat and turneddownward until 12:05 hours when it reached its day low at 1619.24 pointslevel. And then it rose until closing > read more
DFM Technical Analysis : Negative Bias
Published on 2011-01-12 01:49:00
The market fell substantially in the last session a net 25.16 points(1.52%) and closed at 1633.53 points level. The market opened flat andthe turned downward until 13:00 hours when it reached its day low at1631.13 points level. And then it turned int > read more
DFM: Bearish Crossovers in most stocks...
Published on 2011-01-12 01:45:00
Bearish Crossover at 100 Day MA:Dubai Islamic BankIslamic Arab Insurance CoArabtec Holding p.j.s.c.Bearish Crossover at 25 Day MA:Dubai InvestmentsArabtec Holding p.j.s.c.Union PropertiesHITS Telecom HoldingBearish Crossover at 15 Day MA:Dubai Invest > read more
DFM : Technical Analysis 10th JAN 2011
Published on 2011-01-11 08:13:00
U.A.E: UAE stock markets ended the day on a negative note with the DubaiFinancial Market (DFM), being the most loser, down by 0.41 percent toclose at 1,658.69 points. The Utilities Sector and the Banking Sectorboth contributed to the market's dec > read more
Emaar navigating Indian difficulties...
Published on 2011-01-10 05:56:00
Emaar MGF, the joint venture between the Dubai real estate conglomerateand MGF Development, could come under Emaar's full control if it failsto pay back AED1.3bn ($353.9m) in loans, analysts have said.New Delhi-based Emaar MGF planned to raise $ > read more
Dubai's Emaar Financial Services Suspends Broking Activity
Published on 2011-01-10 05:53:00
Emaar Financial Services LLC received the approval of the United ArabEmirates' Securities and Commodities Authority to "temporarily suspendits brokerage license," according to a statement published on itswebsite. Dubai-based Emaar Finan > read more
APIIC to press criminal charges against Emaar
Published on 2011-01-09 02:28:00
Sunitha Natti Express News Service First Published : 01 Jan 201102:20:40 AM IST Last Updated : 01 Jan 2011 09:15:06 AM ISTHYDERABAD: In what seems to be a New Year resolution, the Andhra PradeshIndustrial and Infrastructure Corporation (APIIC) has de > read more
DFM : Technical Analysis Note
Published on 2011-01-09 01:05:00
UAE stock markets ended on a mixed note with the Dubai Financial Market(DFM) ending the day up by 1.24 percent, at 1,668.68 points. From atechnical overview, the next struggled level to cross over is located at1,680 point, which if broken, would brin > read more
Debt to be a issue for UAE in 2011
Published on 2011-01-06 02:29:00
Debt issues will continue to plague the UAE, even as the GCC pullsitself out of economic turmoil.They "will continue to be a drag on economic growth as banks provisionagainst possible losses and remain wary of funding new projects," therepo > read more