Dubai Financial Market ( DFM ) announced that its UAE listed companies recorded 100% compliance in disclosing their Q1 – 2012 financial results within the deadline of 45 days from the end of the period. http://www.zawya.com/story/DFM_achieves_100_compliance_in_quarterly_results_disclosure_of_UAE_companies-ZAWYA20120516114857/

The second meeting of the UK-UAE Joint Economic Council discussed proposals to set up joint working teams on energy, education, health, infrastructure, finance and business, small and medium size enterprises and defense. http://www.zawya.com/story/UKUAE_Joint_Economic_Council_considers_7_joint_working_teams-WAM20120516161639531/

The Gulf state of Qatar has taken a stake of just over 3 per cent in Siemens, continuing a phase of investments in a series of European blue-chip companies. The investment was disclosed by Siemensin a regulatory filing. Qatar had first indicated ownership of a smaller amount of the industrial group’s shares in March, with options to acquire a further stake. Qatar, which is sitting on substantial wealth from its natural gas resources, has taken [...]

The UAE banks have the largest share of banking assets in the GCC that rose by 8.9 per cent in 2011 to $1.46 trillion, equivalent to 106 per cent of regional gross domestic product, or GDP. The UAE banks account for 31 per cent of the total assets in the GCC, a report by QNB Group said. Saudi Arabia’s banking sector is in second place, with 28 per cent of GCC assets, but it is [...]

May 16, 2012 – Blog post by John Martin St. Valery, Founder & CEO at The Links Group Everywhere you go in town the buzz is trying to be Corporate Governance compliant. I say ‘trying’ as I’m not convinced everyone understands the real benefits here. Corporate governance is not just a set of rules for the big listed companies – it is a framework of guidelines to make your business safer, more accountable, transparent – [...]

WAM Dubai, 15th May 2012 (WAM) — The Department of Economic Development (DED) and Dubai FDI, the foreign investment office of DED, have signed a strategic partner agreement with the Australia Gulf Council (AGC) to promote and facilitate trade, investment

A surge in oil prices and region’s crude production boosted the net foreign assets of Gulf hydrocarbon producers by a whopping $456 billion in 2011 to record their biggest asset increase since they began exporting oil. After a steep fall in 2009 because of the 2008 global fiscal distress, the combined net foreign assets of the six-nation Gulf Cooperation Council (GCC) climbed from around $1,149 billion at the end of 2010 to an all time [...]

Dubai was the world’s top performing real estate market in the first quarter of 2012, according to the latest Knight Frank Prime Global Cities Index. Dubai recorded a four percent rise between December 2011 and March 2012, the index showed, putting it ahead of the likes of Jakarta (3.3 percent) and London (2.7 percent). Overall, the index showed its first quarterly fall since 2009 as prices fell 0.4 percent on average. Knight Frank said Dubai’s [...]

The UAE is expected to finalise an insolvency and bankruptcy law by the end of 2012, Minister of Justice Dr Hadif bin Jowan Al Dhahiri said at the Global Policy Conference in Dubai on Monday.

DUBAI: Three prestigious projects were approved Sunday by Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Director General of Dubai Municipality Eng Hussain Nassir Lootah announced at a press