Dubai Financial Market announced today its full readiness to introduce the new settlement mechanism “Delivery versus Payment” (DvP). DFM has completed all the technical requirements to apply DvP in coordination with custodians and brokerage firms. The exchange is poised to be at the forefront of regional markets to adopt DvP before the end of the[…]

With just six weeks to go until the Gulf Glass 2011, the 4th international glass exhibition for the entire Middle East, industry observers consider that the 2011-2015 period will be one of re-energised growth in the construction industry, and that as a result the demand for float glass and processed, speciality glass products, is set[…]

Dubai Financial Market overall performance decreased by 5.9% to reach 1534.4 points the end of January 2011 compared to 1630.5 points at the end of December 2010. The market capitalization decreased at the end of this month by 3.1% to reach Dhs193bn compared to Dhs199.1bn at the end of December.

After August, expatriates in Dubai will not be able to avail the Dubai Municipality’s online service to register accommodation details for getting an accurate housing fee charged in their monthly utility bills.

Marble sector to fetch huge orders if trade missions, TDAP complete homework KARACHI: Pakistan marble sector is anticipating a huge business deal with the Abu Dhabi and it is expected that construction activities will gather pace in 2011-12 as a number of government infrastructure projects are moving to build phase and the continual development of[…]

In the middle of The World, Lebanon is showing signs of life. When you arrive by boat you are met by the sound of bulldozers moving sand around what will become a small beach resort with palm trees.

Dubai: UAE-based companies in Egypt, who have $10 billion (Dh36.7 billion) in investments at stake, are in “wait and see” mode as the uprising raises uncertainty and political risk.

Dubai: Dubai’s financial services industry is fast emerging as a leading catalyst in the development of Islamic finance products and services to Europe, according to officials from Dubai Exports, an agency within Dubai Department of Economic Development.

The average rentals continued to fall across the residential, office and retail sector in Dubai during the fourth quarter due to a steady over-supply, according to real estate experts Jones Lang LaSalle (JLL).

Jan. 30 (Bloomberg) — Middle East shares dropped, sending Dubai’s index down the most in eight months, amid ongoing protests demanding the ouster of Egyptian President Hosni Mubarak. Israeli stocks and bonds declined.