Markets

Markets

The oversaturation of the housing market is to blame for the amount of non-performing loans in the United Arab Emirates’ banks, according to Saeed al Hamiz,...

Groupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing...

The head of Morgan Stanley’s Saudi Arabia Investment Management says the equity fund is heavy on domestic investments in agriculture, commodities, and petrochemicals, and...

DP World Ltd, a subsidiary of Dubai World, began trading on the London Stock Exchange yesterday.  By the end of the day, they were...

In a reflection of the unfortunate financial climate still plaguing many investment firms, Abu Dhabi company The National Investor has seen a 92% decrease...

Abu Dhabi based InvestAD and Japanese corporation SBI Holdings have announced a joint venture in which they will partner to invest in Turkey.  They...

Yandex, the Russian search engine/internet service provider, hit the ground running with an initial public offering giving them a market cap of $11.2 billion. ...

Abu Dhabi conglomerate ATIC (the Advanced Technology Investment Company) has announced plans to take its stake in Globalfoundries, a microchip developer, from 87% to...

MMC Corp Bhd has announced that three of its holdings will go public sometime this year.  Gas Malaysia Sbn Bhd, Malakoff Bhd, and Johor...

IPIC (The International Petroleum Investment Company) revealed in recently disclosed financial statements that the Abu Dhabi government-backed corporation posted a 65% decrease in profits...

Singapore is looking to overtake Hong Kong as the capital of international fund management.  With $1.1 trillion in assets, up 13% from last year,...

Next week’s roundtable meetings with the Prime Minister of Malaysia and several big-name US companies is expected to lead to the announcement of a...

Despite a 31.5% decrease in earnings over the first quarter of 2011, SingTel remains confident about its long-term investment in Indian telecom Bharti.  The...

For a real estate developer such as Mohammad Alabbar, chairmain of Emaar, the Emirati company, there is no time to waste on such trivialities...

Glencore, the world’s largest commodities trader, recently announced a flotation valued at $11 billion.  Now, Aabar (owned by Abu Dhabi’s International Petroleum Investment Company)...

The largest commodities trader in the world, Glencore, has announced that it values its impending flotation at about $61 billion.  Shares will be offered...

Corporate, consumer, and SME & commercial lending by Bank Internasional Indonesia Tbk led the Malaysian backed company (Maybank ) to post record growth at...

Keeping in tune of their latest expansion ventures, it appears Qatar Airways is interested in acquiring a stake in Cargolux, the largest cargo carrier...