The corporate watchdog, Securities and Commodities Authority or SCA is currently reviewing rules on transfer of monies, including shares and securities, and opening an investment account.
The corporate watchdog, Securities and Commodities Authority or SCA is currently reviewing rules on transfer of monies, including shares and securities, and opening an investment account.
Bears took control of UAE capital markets on Sunday as shares on the country’s two bourses fell the most in almost a week on civil war concerns in Syria, with analysts also calling it a correction and profit-taking after nearly a 50 per cent surge in the Dubai index.
The Middle East and North Africa region witnessed the highest inflows of foreign funds in May over the past five years, according to a latest report by Deutsche Bank.
The National Bank of Abu Dhabi’s (NBAD) Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 1.98 per cent of the unit NAV, of $5.3286 being the NAV as at May 30, 2013.
Emirates NBD’s Loans for Expatriates has been named the most popular personal loan by users of the price comparison website Souqalmal.com.
Britain’s state-rescued Royal Bank of Scotland said Wednesday that chief executive Stephen Hester has decided to step down after five years at the helm, during which he has overseen a vast restructuring in readiness for the group’s eventual privatisation.
The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, but said that expansion appeared better balanced than just before the 2008 financial crisis.
Sustained low interest rates by the US Federal Reserve could affect the profitability of the American insurance sector, a report by the US Treasury Department said Wednesday.
The Ministry of Finance and the Central Bank of the UAE signed memorandum of understanding, or MoU, on Tuesday, in implementation of the Council of Ministers’ resolution which authorises the Ministry to compile and exchange tax information regarding the fulfillment of requirements of the OECD Global Forum for transparency and exchange of information relating to bilateral agreements on double taxation.
British Bankers’ Association on Wednesday announced changes to Libor interest-rate transparency.