UAE markets Friday 30 March 2007UAE markets closed for the weekend today. There was the astonishing news of a huge Islamic Bank to be set up in Bahrain with a $100 billion IPO within the next seven years (the largest IPO in the world last year was the $19 billion IPO in China for ICBC Bank). That's such a large number, that we really wonder if we've got the story correct. AMLAK and RAK Properties AGMs yesterday resulted in the usual rather drab press releases. More interesting was the news that Amlak's bank licence application was declined. That could knock their share price a bit on Sunday, although it's more likely the market already knew - share price has been rather dismal in recent weeks. No news about Tamweel's bank license application though. |
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UAE market news & discussions for 30 March 2007
- AMLAK AGM results - Al Abbar to step down - PR 29 Mar 2007
- Merrill Lynch report says 30% recovery for GCC markets - ET 29 Mar 2007
- RAK Properties AGM results - dividend approved 30 Mar 2007 - and commentary on results
- Al Baraka to start AED 370bn (!) Emaar Islamic Bank in Bahrain R 29 Mar 07
- Emirates replaces Concorde at Heathrow entrance - 29 Mar 2007
- EBI to issue AED 209m Thai baht denominated bonds - R 29 Mar 2007
- DMCC International Diamond Laboratories (IDL) launched - PR 28 Mar 07
- Al Baraka Banking 28 Mar 2007 AGM results - press release 29 Mar 2007
- AlBaraka Bank to issue AED 1.1 bn Islamic bonds - R 29 Mar 2007
- ADIB agrees to sponsor 2007 Islamic Fund Awards - KT 30 Mar 2007
- UAE stock markets 2007 - what do you think will happen?
- ADSM amends Cross-Trading rules in sync with DFM - GN 30 Mar 2007
- AMLAK bank licence application fails, plans AED 1.1 bn sukuks 29 Mar 2007
- Brokerage Licence - how to get one?
