SHUAA, AMAN, TKFL race ahead - 14 Mar 2007

AGMs and EGMs (E&OE) ADCB AGM Sun 18 Mar 2007 ADNH AGM Tue 13 Mar 2007 - 20% cash dividend approved ALLIANCE AGM Wed 14 Mar 2007 - or was it 11 Mar 2007? DU AGM Wed 14 Mar 2007 EBI AGM Tue 13 Mar 2007 - 30% cash and 25% share dividends approved GLOBAL AGM Wed 14 Mar 2007 SCIDC AGM Wed 14 Mar 2007 - 25% cash and 7% share dividends approved, record date 21 Mar 2007 SOROUH AGM Sun 18 Mar 2007 SCIDC AGM Wed 14 Mar 2007 Dividend Record Dates last trading day two days prior (E&OE) MASQ - Mashreq Bank 18 Mar 2007 UAE market news & discussions for 14 March 2007 AAAIC Al Ain Ahlia Insurance BOD approves 33.3% share dividend - 14 Mar 2007 - in addition to 50% cash dividend? ALDAR Central Market project ahead of schedule - PR 14 Mar 2007 ARMX Aramex PJSC audited 2006 financial accounts released- 14 Mar 2007 EBI AGM approves 30% cash dividend & 25% share dividend - 14 Mar 2007 EBI NBD merger - steering committee set up - KT 14 Mar 2007 Emaar-MGF IPO sooner than end 2007? - Broker comments after Emaar AGM GGICO 30% dividend distribution dates - DFM 14 Mar 2007 Haliburton move to Dubai a vote of confidence says FT 14 Mar 2007 Halliburton move to Dubai makes sense - AP 14 Mar 2007 NGI National General Insurance shares ex-dividend 14 Mar 2007 NMDC final financial statements release postponed - 14 Mar 2007 OEIHC no results for 2006 yet but 20% cash dividend proposed - 14 Mar 2007 QTEL Qatar Telecom completes AED 13.6 bn Wataniya deal - AFP 13 Mar 2007 Sheikha Lubna in US says US-UAE FTA could still happen - R 13 Mar 2007 Shuaa share buyback starts? 14 Mar 2007 UPP Annual General Meeting AGM will be on 16 Apr 2007 EMAAR announcement coming says Al Abbar at AGM - GN 13 Mar 2007 DU 2006 FY loss AED 755m, no results 2005 - 31 Jan 2006 ALLIANCE 2006 FY results out 29 Jan 2007 GLOBAL 2006 FY profit AED 907m +16% on 2005 - 01 Feb 2007 ADNH 2006 FY AED 293m profit -12% from 2005 - 31 Jan 2007 OEIHC Oman Emirates 2006 FY results not submitted 14 Mar 2007 SCIDC 2006 FY AED 231m profit -31% from 2005 - 31 Jan 2006 Abu Dhabi AED 25 bn airport expansion showcased at APFC - PR 14 Mar 2007 ARMX founder and CEO shares success story at Young Leaders Forum Share buybacks for UAE stocks - May 2006 Madaares Private JSC looking to buy schools - PR 13 Mar 2007 Qatar to launch IMEX energy exchange by end 2007 - GDN 14 Mar 2007 DME - CQG software connects Dubai Mercantile Exchange traders - 14 Mar 07 SOROUH - Abu Dhabi Golf Gardens construction started - PR 14 Mar 2007 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 14 March 2007

best stock rises symbol price change AMAN 17.50 +2.30 +15.1% SHUAA 4.62 +0.45 +10.8% CBI 2.53 +0.23 +10% TKFL 3.79 +0.27 +7.7% NCC 16.30 +0.75 +4.8%

worst stock falls symbol price change QCEM 1.81 -0.17 -8.6% ARIG 3.00 -0.22 -6.8% DFM 2.03 -0.14 -6.5% ASMAK 4.50 -0.31 -6.4% OEIHC 19.00 -1.25 -6.2%

top volume symbol value (AED) price EMAAR 390,871,583 11.90 DFM 77,262,732 2.03 GULFNAV 47,809,164 1.11 DIC 47,367,572 4.30 DIB 40,507,569 7.15

Dubai Financial Market

DFM crashed down 1.3% through 4000 points to close at 3960 on moderately active trading volumes of 814m dhs. Half of that volume was in Emaar Properties PJSC (EMAAR) shares, taking another 3.3% hit to close at 11.80.

AMAN and Shuaa Capital PJSC (SHUAA) were the stars of the day. Aman went limit up to 17.70 dhs and stayed there with 13m dhs worth of trades going through.

Shuaa closed 11% up at 4.60. Possibly something to do with Shuaa's share buyback? Volume of 32m dhs worth much higher than usual, over half the volume was traded in just 10 minutes at or close to the limit up price of 4.77 dhs per share. National Bank of Dubai (NBD) was the only other share to increase on tangible volumes - up 3.4% to 10.70.

Biggest loser today was DFM itself, their share price down 6.7% to close for the first time below 2 dhs per share. All other active stocks fell with the worst of them being Amlak Finance Company (AMLAK) down 4%, Dubai Islamic Bank (DIB) down 3.7%, and Tamweel PJSC (TAMWEEL) down 3.3%.

Abu Dhabi Securities Market

ADSM went down in tandem with DFM to close just below the important 3000 points level - a fall of 0.8% to 2998.5. 23 stocks fell, just 6 went up, and 4 unchanged. Total traded volume was a relatively light 94m dhs.

TKFL continued to storm ahead, up another 7.7% to 3.62 with a busy 9m dhs worth of trades. There were no other positive movements on volumes of any note.

Aldar was down another 5.6% to 3.86, its share price continuing to fall after going ex-dividend a few days ago. Other big falls on noteworthy volumes for Sorouh Real Estate (SOROUH) down 3.2%, Aabar Petroleum Investments Company PJSC (AABAR) down 4%, TAQA down 3.1%, and Abu Dhabi Islamic Bank (ADIB) down 2.4%. Otherwise a relatively quiet trading day at ADSM.

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