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UAE bourses must unify back offices: ADXStock markets in the UAE should unify their back office operations and processes for settlement and regulation, the chief executive of the Abu Dhabi Securities Exchange (ADX) said on Sunday. Last year Abu Dhabi and neighbouring Du More… |
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Menacorp opens new ADX officesUAE-based investment bank Menacorp has opened its new offices at the Trading Floor of the Abu Dhabi Securities Exchange (ADX) at Al Gaith Tower. The new offices’ Customer Service and Trading Desk will expand the bank’s More… |
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UAE revives proposal to merge stock exchangesThe United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said. More… |
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Insurance House gets listed on ADXInsurance House, a leading Abu Dhabi-based insurance firm, has been listed on the Abu Dhabi Securities Exchange (ADX) and has launched its operations through ADX under the ticker symbol “IH”. Rashed Al Baloushi, deputy CEO, and director of More… |
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ADCB hits 32-month high, UAE markets upAbu Dhabi Commercial Bank hit a near 32-month high after it said it will sell its shares in Malaysian lender RHB Capital, helping lift the index to a five-month high. ADCB, up 1.9 percent, will sign a deal on Friday with Aabar Investments More… |
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UAE bourse merger 'unlikely before 2011'A potential merger between the United Arab Emirates' two main bourses is unlikely before 2011 but would be good for traded UAE companies, the chief financial officer of the region's largest listed builder said on Monday. "I don't think you More… |
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Mubadala aims to sell stake in local firmsAbu Dhabi government-owned Mubadala Development Company plans to sell its ownership stake in local companies by offering shares to public, the National newspaper said, citing a top executive from the investment firm. State-controlled Mubad More… |
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Mubadala aims to sell stake in local firmsAbu Dhabi government-owned Mubadala Development Company plans to sell its ownership stake in local companies by offering shares to public, the National newspaper said, citing a top executive from the investment firm. State-controlled Mubad More… |
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Mubasher trading exceeds $620m in MarchMubasher Direct Broker for Financial Services has recorded a total turnover of Dh2.28 billion ($620.70 million) in total March trades at Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). Mubasher registered trades of Dh More… |
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UAE bourse merger seen likely as deals slumpA slump in trading revenues and Dubai's parlous financial state could lead to a merger of the United Arab Emirate's two main stock exchanges, analysts said. The country has three bourses -- the Abu Dhabi Securities Exchange (ADX), More… |
