EMAAR tanks, Air Arabia IPO - 12 Mar 07

AGMs and EGMs coming up (E&OE) ADCB AGM Sun 18 Mar 2007 BILDCO AGM Mon 12 Mar 2007 DU AGM Wed 14 Mar 2007 GLOBAL AGM Wed 14 Mar 2007 MASQ AGM Mon 12 Mar 2007 NBAD AGM Mon 12 Mar 2007 SOROUH AGM Sun 18 Mar 2007 SCIDC AGM Wed 14 Mar 2007 Dividend Record Dates coming up - last trading day two days prior (E&OE) ALDAR - Al Dar Properties 12 Mar 2007 MASQ - Mashreq Bank 18 Mar 2007 NGI - National General Insurance 12 Mar 2007 RAPCO - RAK Poultry & Feeding 12 Mar 2007 UAE market news & discussions for 12 March 2007 Air Arabia AED 2.4 bn IPO starting 18 Mar 2007 - SEB 12 Mar 2007 AHI Arab Heavy Industries dividend dates - record date 09 Apr 2007, dividend payment date 15 Apr 2007 TAQA cash dividend 5% and AGM 22 Apr 2007 proposed - 12 Mar 2007 EMAAR AGM 11 Mar 20% dividend, 2006 FY profit +35% to AED 6.37 bn EMAAR renamed and new equity structure revealed at AGM - PR 12 Mar 2007 MASQ MashreqMillionare May draw the biggest in the UAE - PR 12 Mar 2007 FGB First Gulf Bank Emiratisation at Careers UAE 2007 - PR 12 Mar 07 DAMAC launches Business Heights tower in Jordan's Abdali project 12 Mar 07 Sama Dubai to showcase landmark projects at MIPIM 2007 - PR 12 Mar 2007 UPP arranging AED 3.5 bn loans with NBD & EBI for projects - 07 Mar 2007 Executive MBAs in Islamic Finance, Energy, Management in DIFC - 12 Mar 07 ETISALAT - Mobily one of 10 competing for landline license - KT 12 Mar 07 Islamic Bank growth 23% globally says OBG and ADIB - PR 12 Mar 2007 Saudi Amity IPO starts 17 March 2007 - KT 12 Mar 2007 Foreign Institutional Investors coming to the GCC. Maybe. KT 12 Mar 2007 WARE / Agility buys shares in Al Abraj Holding Company - 11 Mar 2007 Al Qudra Holding in deal with SUEZ Environment - PR 11 Mar 2007 QTEL telecom monopoly to end in Qatar - PR 10 Mar 2007 GULFNAV added to DFM General Index and Transporation Index - 12 Mar 07 MASQ 2006 FY profit AED 1.6 bn -10% from 2005 - PR 31 Jan 2007 ADAVIATION 2006 FY results AED 51m profit -48% from 2005 - 22 Jan 2007 Al Mansoori Specialised Engineering considering IPO - ET 12 Mar 2007 NBD & UPP sign AED 1 bn loan for Index & Limestone Houses - PR 12 Mar 07 FGB launches region's first Islamic Credit Card - Makkah Card - PR 12 Mar 07 EMAAR - more office space in Downtown Burj Dubai - PR 11 Mar 2007 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 12 March 2007

best stock rises symbol price change WARE 23.50 +1.75 +8% OEIHC 20.25 +1.35 +7.1% TKFL 3.23 +0.19 +6.3% AKIC 1.88 +0.11 +6.2% NCC 15.05 +0.70 +4.9%

worst stock falls symbol price change ARIG 2.71 -0.29 -9.7% RAKWCT 1.70 -0.16 -8.6% UNB 6.79 -0.42 -5.8% EMAAR 11.95 -0.65 -5.2% UCC 4.02 -0.18 -4.3%

top volume symbol value (AED) price EMAAR 756,753,840 11.95 DFM 161,220,384 2.11 DIC 54,878,876 4.32 IAIC 51,612,690 2.84 TAMWEEL 44,713,719 3.80

Big market news for today was of course the results of the Emaar AGM. Perhaps not the best day to hear about the start of the Air Arabia IPO - it kicks off on 18 Mar 2007.

Dubai Financial Market

DFM promptly plummeted on opening from 4090 to 3962 as shareholders hammered Emaar shares after the AGM voted a 20% cash dividend. The index then recovered to 4010 within minutes and drifted about the 4000 level for the rest of the session. Total volume for the DFM of AED 1.2 billion and a 2% fall to close at 4010. Emaar Properties PJSC (EMAAR) ended down by 5.1% to close at 12.05 with a total of 757m dhs worth of shares traded - over 60% of the total for DFM.

The only two stocks from the active list to increase were Arabtec Holding PJSC (ARTC) up 1.1% and Tamweel PJSC (TAMWEEL) up 1.6% with a healthy looking 45m dhs worth of shares traded.

DFM shares crashed another 3.1% to 2.12 with 161m dhs worth traded. The remaining actively traded stocks fell between 0-2%.

Abu Dhabi Securities Market

ADSM was moderately busy today despite all the action at DFM. The index fell 1.5% to close only just above 3000 points on volumes of 211m dhs worth of trading.

A big increase of 6.3% to 3.23 on reasonable volume for TKFL was the only noteworthy rise today. Small increases on moderate volumes for National Bank of Abu Dhabi (NBAD) up 1.2%, and less than 1% increases for Abu Dhabi National Company for Building Materials (BILDCO), First Gulf Bank (FGB), and Gulf Cement Company (GCEM).

Most stocks fell with big falls on significant volumes for Union National Bank (UNB) down a scary 5.8% to 6.79, Dana Gas PJSC (DANA) down 3.4% to 1.44, Aldar Properties PJSC (ALDAR) down 3.7% to 4.12, Ras Al Khaimah Properties PJSC (RAKPROP) down 2.9%, and Abu Dhabi Islamic Bank (ADIB) down a less frightening 1.9%.

• Discuss and read UAE company news at Dubai Share Talk.

DFM shares fall, ADIB up - 11 Mar 2007

UAE market news & discussions for 11 March 2007 AEI Bank AGM results announced 11 Mar 2007 - 15% cash dividend approved, Record Date 15 March 2007 AEIBANK Arab Emirates Investment Bank audited 2006 results 11 Mar 2007 Al Qudra Holding will debut property at Cannes MIPIM 2007 - PR 11 Mar 2007 Arabtec BOD meeting - AGM and Record Dates - DFM 11 Mar 2007 - looks like AGM 09 Apr 2007 and Record Date 16 Apr 2007, not confirmed though. BILDCO annouces future expansion plans - ADSM 11 Mar 2007 DANA - Iran still not finished Salman gas pipeline - Reuters 11 Mar 2007 DFM new investor card design launched today - PR 11 Mar 2007 DU - customer complaints after initial launch - GN 11 Mar 2007 EMAAR will open third marina in Dubai Marina late 2007 - KT 11 Mar 2007 EMAAR Properties Annual General Meeting reminder for today, 11 Mar 2007 ETISALAT appoints Cellucom as key partner retailer - KT 11 Mar 2007 FBICO proposes 29 Mar 2007 AGM & 25% share dividend - 11 Mar 2007 GMPC Gulf Medical Projects audited final results - 11 Mar 2007 MAZAYA AGM and EGM agenda announced 11 Mar 2007 NCC National Cement EGM & AGM today, shares suspended - 11 Mar 2007 NCC National Cement AGM & EGM results - 11 Mar 2007 - possibly 50% cash dividend and 6% share dividend, with record date of 20 Mar 2007. Not confirmed. OIC Oman Insurance 2006 audited financial results - 11 Mar 2007 RAK Ceramics 20% share dividend approved at AGM - 11 Mar 2007, or should that have been EGM? SOROUH foreign ownership press release - 11 Mar 2007 TAQA Abu Dhabi National Energy Company BOD meeting 11 Mar 2007 at 1 pm UFC United Foods BOD results - 10% Cash Dividend? Not confirmed. 11 Mar 2007 UNIKAI United Kaipara Dairies BOD meeting results 11 Mar 2007 WARE / Agility buys shares in Al Abraj Holding Company - 11 Mar 2007 Stock Picks by Technical Analysis March 2007 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 11 March 2007

best stock rises symbol price change FOODCO 3.69 +0.27 +7.9% FH 7.68 +0.47 +6.5% ADIB 55.00 +3.05 +5.9% ASMAK 4.95 +0.25 +5.3% GCEM 4.80 +0.21 +4.6%

worst stock falls symbol price change OEIHC 18.90 -2.10 -10% QCEM 1.81 -0.16 -8.1% ADNIC 8.00 -0.50 -5.9% EBI 13.15 -0.65 -4.7% DFM 2.25 -0.09 -3.8%

top volume symbol value (AED) price EMAAR 162,282,694 12.80 DFM 156,270,329 2.25 ADIB 81,196,021 55.00 IAIC 39,952,351 2.95 SOROUH 20,015,959 2.82

Dubai Financial Market

Another quietish day for the Dubai Financial Market ahead of Emaar's AGM tonight which will be followed with interest, especially the question of whether or not they'll be paying out a dividend. The DFM index (DFMGI) dropped 1.2% to 4089 points on volumes of 446m dhs worth of trading.

ACICO was the only company to show a gain today up 3.6% on a single small trade.

Emaar Properties PJSC (EMAAR) fell 0.8% to 12.70 on low volume of 162m dhs worth of trading in advance of Emaar's AGM today at 5 pm. DFM shares had the most notable fall of almost 4% to 2.19 on 156m dhs worth of trading. Other significant falls of 2.3% for National Bank of Dubai (NBD), about 2% for Shuaa Capital PJSC (SHUAA) and Tamweel PJSC (TAMWEEL), 1.5% for National General Cooling Company PJSC (TABREED) and the remaining actively traded stocks fell by 1% or less.

Abu Dhabi Securities Market

ADSM up just 0.3% to 3048, total volume down from some of the big days last week with 189m dhs worth of trading. About half of that from trading in Abu Dhabi Islamic Bank (ADIB) shares with a jump of 5.9% to 55.00 dhs. Gulf Cement Company (GCEM) rose 4.6% on decent volume (for them) of 9.6m dhs of trading, and Dana Gas PJSC (DANA) up 1.4% were the other rises of note. Abu Dhabi Commercial Bank (ADCB), Emirates Telecommunications Company (ETISALAT), Ras Al Khaimah Properties PJSC (RAKPROP), Aabar Petroleum Investments Company PJSC (AABAR), Sorouh Real Estate (SOROUH) all rose about 1% or less.

Limit down for OEIHC on trivial volume but there have been several limit down, or almost limit down, days in the past month or so since they listed.

Aldar Properties PJSC (ALDAR) and Oasis International Leasing Company PJSC (OILC) had the most significant drops of about 2% each while First Gulf Bank (FGB), Abu Dhabi National Energy Company (TAQA), AGTHIA, and National Bank of Abu Dhabi (NBAD) all fell about 1%.

• Discuss and read UAE company news at Dubai Share Talk.

ALDAR tanks, OILC up 08 Mar 2007

UAE market news & discussions for 08 March 2007 ALDAR share price tanks on high volumes after founder share announcement - 08 Mar 2007 Al Qudra Holding to set up Al Qudra Agriculture LLC - WAM 06 Mar 2007 (Al Qudra is a likely IPO candidate in early 2007). ARTC Arabtec BOD meeting 08 Mar 2007 EBI & NBD chairmen clarify merger, shares trading again - 08 Mar 2007 - chairmen told DFM what DFM had probably read in the newspapers already. JEEMA Mineral Water AGM 22 Apr 2007 and Cash Dividend 10%? NMDC BOD meeting 13 March 2007 - what chance of a dividend after a 160% drop in profits? NBF National Bank of Fujairah AGM & EGM 02 Apr 2007 - 10% share and cash dividends proposed. UPP Union Properties agreements for AED 3.5 bn financing - 08 Mar 2007 update and comment. AGMs and EGMs coming up (E&OE) AEIBANK AGM Sat 10 Mar 2007 BILDCO AGM Mon 12 Mar 2007 EMAAR AGM Sun 11 Mar 2007 NBAD AGM Mon 12 Mar 2007 RAKCEC - RAK Ceramics AGM Sun 11 Mar 2007 Dividend Record Dates coming up - last trading day two days prior (E&OE) ALDAR - Al Dar Properties 12 Mar 2007 RAKCC - RAK Cement 11 Mar 2007 NGI - National General Insurance 12 Mar 2007 RAPCO - RAK Poultry & Feeding 12 Mar 2007   ARTC EFG-Hermes report predicts AED 4.5 bn 2007 revenue ARTC 2006 FY profit AED 217m up 30% from 2005 - GN 22 Jan 2007 Stock Picks by Technical Analysis March 2007 ALDAR allows founders to trade shares (or foreigners?) - ADSM 07 Mar 07 ALDAR 2006 FY profit AED 1.25 bn +120% on 2005, cash div 8% - 17 Jan 07 EBI and NBD in surprise merger with AED 165 bn assets - R 06 Mar 2007 JEEMA 2006 FY profit AED 4.25m +27% from 2005 - 31 Jan 2007 Al Qudra Holding to set up Al Qudra Agriculture LLC - WAM 06 Mar 2007 Poland looking at oil and enrergy investment in the UAE - WAM 07 Mar 2007 RAKCEC 2006 FY profit AED 152m +8% from 2005 - 29 Jan 2007 NBF 2006 FY profit AED 348m +35% on 2005, BOD meeting 22 Jan 2007 NMDC 2006 FY loss AED 71m -158% from 2005 UPP - gives EBI financial advisor role for project loans - DFM 07 Mar 2007 ETF Exchange Traded Funds listing considered for ADSM - GN 06 Mar 2007 Louvre to open branch in Abu Dhabi - some are angry? AP 07 Mar 2007 DME - energy trader connectivity from Trading Technologies PR 07 Mar 07 DU to promote jobs for UAE nationals at 2007 careers fair - PR 07 Mar 2007 DIB - Al Islami Home Finance sees high retail demand - PR 07 Mar 2007 DAMAC launches Lakeside properties in IMPZ - PR 04 Mar 2007 DFSA signs MoU with Netherlands Financial Markets Authority PR 07 Mar 2007 UNB 2006 FY profit AED 1.0 bn -9% from 2005, 35% cash div - 01 Feb 2007 EMAAR - Burj Dubai and international projects at MIPIM Cannes PR 07 Mar 07 UPP loan agreement with NBD National Bank of Dubai - DFM 07 Mar 2007 DRIVE 2006 FY results announced 29 Jan 2007 BOD 01 Feb 2007 TNI - founder shares AMLAK, AABAR, ARMX, ALDAR, ARTC, FH - PR 27 Feb 07 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 08 March 2007

best stock rises symbol price change NCTH 4.35 +0.35 +8.8% ADSB 2.86 +0.23 +8.7% ASMAK 4.70 +0.32 +7.3% EBI 13.65 +0.65 +5% NCC 14.30 +0.65 +4.8%

worst stock falls symbol price change RAKCC 1.94 -0.17 -8.1% NMDC 3.51 -0.29 -7.6% ALDAR 4.36 -0.32 -6.8% FOODCO 3.42 -0.24 -6.6% NBS 2.16 -0.08 -3.6%

top volume symbol value (AED) price DFM 195,932,768 2.31 EMAAR 153,265,596 12.80 ALDAR 115,582,444 4.36 OILC 41,965,769 9.69 SOROUH 29,564,682 2.81

Dubai Financial Market

The DFMGI headed north today but on low volumes of 497m dhs worth, closing 0.7% up at 4140 points with little notable movement except, unsurprisingly, in the shares of National Bank of Dubai (NBD) and Emirates Bank International Group (EBI); and high volume in DFM shares.

The trading suspension for National Bank of Dubai and Emirates Bank shares was lifted today after their chairmen provided DFM and ESCA with some clarification on the merger announced yesterday. Not particularly enlightening though. Both stocks were up 5% on higher than normal volumes but not anything significant.

DFM shares were the most heavily traded by value - 196m dhs worth and a 3% fall to 2.28. Emaar Properties PJSC (EMAAR) volume still low at 153m dhs worth and a small 0.4% rise to 12.80. Other actively traded stocks moved by less than 1% on moderate to low volumes.

Abu Dhabi Securities Market

ADSM had a marginal rise of 0.1% to 3084 points on good volume of 271m dhs with an even split between stocks rising and stocks falling in price. Over a third of the total value was from trading in Aldar Properties PJSC (ALDAR) shares which tanked by 6.8% to close at 4.36. Record date of 12 March 2007, share sales to founders, and foreign ownership allowance news all together making for a fun day trying to work out what was happening.

Oasis International Leasing Company PJSC (OILC) traded very heavily today with a small rise of 1.4% and 42m dhs worth of shares traded putting it at number two on the ADSM volume list today (by value). Other heavily traded stocks were Abu Dhabi Islamic Bank (ADIB) down 1.1%, Dana Gas PJSC (DANA) down 2%, and Sorouh Real Estate (SOROUH) down 0.4%. None of the other more active shares changed by more than 1% or so.

A relatively busy day for ASMAK up 7.3% and Abu Dhabi Ship Building (ADSB) up 8.8%.

• Discuss and read UAE company news at Dubai Share Talk.

DFM lists at more than 2x par - 07 Mar 2007

UAE market news & discussions for 07 March 2007 ALDAR Al Dar Properties to allow founders to trade shares - ADSM 07 Mar 07 TNI - founder shares AMLAK, AABAR, ARMX, ALDAR, ARTC, FH - PR 27 Feb 07 ADCB & Macquarie Bank to start AED 3.7 bn infrastructure fund - 07 Mar 07 Dubai Financial Market shares list 07 Mar 07 - PR 25 Feb 07- opening prices? EBI and NBD in surprise merger with AED 165 bn assets - R 06 Mar 2007 AOIC 2006 FY results UFC 2006 FY results 31 Jan 2007 NGI 2006 FY profit AED 0.237m -100% from 2005, BOD meeting 21 Jan 2007 ADAVIATION 2006 FY results AED 51m profit -48% from 2005 - 22 Jan 2007 UNB 2006 FY profit AED 1.0 bn -9% from 2005, 35% cash div - 01 Feb 2007 CBI 2006 FY profit 8.6m down 96% on 2005 - BOD meeting 22 Jan 07 GCEM 2006 FY profit AED 110m -78% from 2005 - 29 Jan 2007 RAKCC 2006 FY AED126m +5% on 2005, 15% cash div - BOD meeting 27 Jan 07 DGCX - oil futures contract problems - Reuters 07 Mar 2007 DFM 2006 FY profit AED 798m -36% from 2005 - 26 Feb 2007 DFM listed stocks trading volumes summary 2003-2006 - ET 07 Mar 2007 ARMX investing AED 734 in global acquisitions - ET 07 Mar 2007 ARMX launches perishables transport solution - PR 07 Mar 2007 AMLAK Finance & Real Estate Investments launch in Egypt - PR 06 Mar 2007 AMLAK 2006 FY profit AED 130m +23% on 2005, incomplete PR 30 Jan 2007 SOROUH to allow foreign ownership - BOD meeting 05 Mar 2007 ADSM completes training for Iraqi traders - KT 07 Mar 2007 Al Qudra Holding gets ISO certification PR 05 Mar 2007 AMAN 2006 FY loss AED 14m, 2005 was AED 73m profit - 30 Jan 2007 Amanah Financial Services More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 07 March 2007

best stock rises symbol price change DFM 2.38 +1.35 +131.1% QTEL 246.40 +21.20 +9.4% ASMAK 4.38 +0.28 +6.8% TKFL 2.90 +0.10 +3.6% AMAN 13.85 +0.30 +2.2%

worst stock falls symbol price change AKIC 1.77 -0.14 -7.3% ADIB 52.55 -3.65 -6.5% NBS 2.24 -0.15 -6.3% AABAR 2.33 -0.14 -5.7% TAQA 2.01 -0.08 -3.8%

top volume symbol value (AED) price DFM 851,842,460 2.38 EMAAR 77,453,965 12.75 IAIC 71,096,522 2.97 ADIB 29,453,108 52.55 SOROUH 26,750,424 2.82

Dubai Financial Market

A big day for DFM today with its own shares being listed and, unsurprisingly, showing a large paper gain on the par value of 1 dh per share. DFM stock traded between 2.22 and 2.60 dhs, finally closing at 2.35. Volume of trading substantial as expected. Over 350m shares changed hands with a huge value of 852m dhs - about 80% of DFM's total traded value of 1.1 billion dhs. The DFM index overall barely moved, down by just 0.01% with an even split between stocks rising and stocks falling. Biggest rise of note was just 1% for Tamweel PJSC (TAMWEEL), biggest fall was 0.8% for GULFNAV (ignoring movements for DFM and low volume stocks). Emaar Properties PJSC (EMAAR) was up by 0.4% to 12.75 on a very low 77m dhs worth of trading.

NBD and EBI shares had trading suspended today at least, and possibly longer while ESCA and DFM sort out the news (they must have been pleased to find out from the press) about the surprise merger of National Bank of Dubai and Emirates Bank.

Abu Dhabi Securities Market

An unpleasant day over at ADSM while DFM was in the spotlight. The index fell 1.4% to 3036 on moderate volumes of 126m dhs of trading with only two shares rising on any significant volumes. Oasis International Leasing Company PJSC (OILC) was up 1.3% to 9.56 and Qatar Telecom (QTEL) rocked ahead by 9.4% to 246.40 but from just over 1 million dhs worth of trades. The worst of the losers were Aabar Petroleum Investments Company PJSC (AABAR) down 5.7% to 2.33 on lowish volume and Abu Dhabi Islamic Bank (ADIB) down 6.5% to 52.55 on moderate volume - no doubt a bit of profit taking going on for both stocks after recent sharp gains. Abu Dhabi National Energy Company (TAQA) also got a bit of a kick, down 3.8% to 2.01. Aldar Properties PJSC (ALDAR) price remained unchanged on low volumes, the announcement that founders could sell their shares not appearing to affect the price.

• Annual General Meetings (AGMs) coming up for AEIBANK (10 Mar 2007), EMAAR (11 Mar 2007), RAKCEC (11 Mar 2007).
• Dividend Record Dates coming up for RAKCC (11 Mar 2007), ALDAR (12 Mar 2007), NGI (12 Mar 2007), RAPCO (12 Mar 2007).
• Discuss and read UAE company news at Dubai Share Talk.

IAIC down ADIB up 06 Mar 2007

UAE market news & discussions for 06 March 2007 ALLIANCE 2006 FY results out 29 Jan 2007 AEIBANK 2006 FY profit AED 36m +46% on 2005 - board meeting 30 Jan 07 DIN 2006 FY results - not reviewed yet AAAIC 2006 FY Profit AED 183m -34% from 2005, 50% div - 30 Jan 2007 AAAIC Al Ain Ahlia BOD meeting 14 Mar 2007 - ADSM 06 Mar 2007 NCTH 2006 FY preliminary results (not checked yet) 30 Jan 2007 SOROUH 2006 FY profit 976m, includes IPO income? - BOD meeting 29 Jan 07 AMAN 2006 FY loss AED 14m, 2005 was AED 73m profit - 30 Jan 2007 SOROUH to allow foreign ownership - BOD meeting 05 Mar 2007 Stock Picks by Technical Analysis March 2007 dfm; count down begins for the big events Dubai Financial Market shares list 07 Mar 07 - PR 25 Feb 07- opening prices? DIC subsidiary Marmum Diary to import 300 cows - PR 06 Mar 2007 DANA Gas to sponsor 12th annual Middle East Gas Summit - 06 Mar 2007 GCEM 2006 FY profit AED 110m -78% from 2005 - 29 Jan 2007 ASNIC ex-subsidiary Saudi Sagr Insurance now independent - 06 Mar 2007 DIB 2006 FY profit +47% to AED 1.56 bn. Dividends in AGM PR 25 Feb 2007 NGI 2006 FY profit AED 0.237m -100% from 2005, BOD meeting 21 Jan 2007 ADSM Leadership Forum and Exchange Traded Funds - speakers PR 06 Mar 07 ETF Exchange Traded Funds listing considered for ADSM - GN 06 Mar 2007 MAZAYA and TAMWEEL will announce Q Point in Dubailand - PR 03 Mar 2007 Dubai Development Company new listing - 05 Mar 2007 DDC Dubai Development Company to allow 49% foreign ownership Dubai Property market trends - summary of opinions and articles TAMWEEL CEO - affordable units may hold value in correction - GN 06 Mar 07 DDC 49% foreign ownership allowance coming. DIB bonus shares in shareholder accounts today. NCTH National Hotel Corporation 20% cash dividend, AGM 28 Mar 2007 Sorouh Real Estate board approves 20% foreign ownership, starting from tomorrow - 07 Mar 2007, as trading in Sorouh shares suspended today Sorouh Real Estate AGM postponed to 25 March 2007. AMAN 2006 FY loss AED 14m, 2005 was AED 73m profit - 30 Jan 2007 Stock Picks by Technical Analysis March 2007 Dubai Financial Market shares list 07 Mar 07 - PR 25 Feb 07- opening prices? DIC subsidiary Marmum Diary to import 300 cows - PR 06 Mar 2007 DANA Gas to sponsor 12th annual Middle East Gas Summit - 06 Mar 2007 ASNIC ex-subsidiary Saudi Sagr Insurance now independent - 06 Mar 2007 ADSM Leadership Forum and Exchange Traded Funds - speakers PR 06 Mar 07 ETF Exchange Traded Funds listing considered for ADSM - GN 06 Mar 2007 MAZAYA and TAMWEEL will announce Q Point in Dubailand - PR 03 Mar 2007 DDC Dubai Development Company to allow 49% foreign ownership Dubai Property market trends - summary of opinions and articles TAMWEEL CEO - affordable units may hold value in correction - GN 06 Mar 07 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 06 March 2007

best stock rises symbol price change DHAFRA 6.85 +0.35 +5.4% GCEM 4.72 +0.22 +4.9% ADIB 56.20 +2.35 +4.4% CBD 7.40 +0.30 +4.2% RAKCEC 5.40 +0.21 +4%

worst stock falls symbol price change UIC 5.00 -0.50 -9.1% IAIC 3.07 -0.25 -7.5% AMLAK 3.93 -0.22 -5.3% TKFL 2.80 -0.16 -5.4% CBI 2.43 -0.12 -4.7%

top volume symbol value (AED) price EMAAR 298,444,437 12.90 IAIC 261,223,021 3.07 ADIB 110,887,944 56.20 AMLAK 48,057,458 3.93 DIC 43,185,486 4.47

Last chance to throw in your guess for DFM opening price, DFM shares will be listed tomorrow - Wed 07 Mar 2007. Add your vote to the poll and let's see how close the DubaiShareTalkers are to the opening price.

The TAMWEEL used the word "correction" in their most recent property market comments. If share prices depended on number of times a company talked up the value of property, Tamweel's would be booming. In the same article, the Gulf News renamed the new MAZAYA and TAMWEEL development from Q Point to Queue Point - perhaps that will prove to be a more accurate description at launch.

Continuing in the same vein (or perhaps vane or vain?), the Gulf News also headlines a new type of investment called an EFT. Unfortunately, they don't elaborate. Instead, the news focuses on the possible listing of ETFs (Exchange Traded Funds) on ADSM.

Dubai Financial Market

The DFMGI was down by 1.2% to close at 4113 points with 900m dhs worth of shares traded. Islamic Arab Insurance Company PSC (IAIC) Salama had the biggest fall of 7.9% to 2.93 on impressive volume of 261m dhs, not far behind Emaar Properties PJSC (EMAAR) volume of 298m dhs but a less dramatic fall of 2% to 12.70 dhs. Gulf News reported that the Islamic Arab Insurance share buyback announcement drove the price up yesterday - odd since the announcement is a month old. Other big drops from Amlak Finance Company (AMLAK) down 5.5%, Aramex PJSC (ARMX) down 4.1%, and Union Properties PJSC (UPP) down 3%, and GULFNAV down 2.5%. National Bank of Dubai (NBD) the only stock to rise on tangible volumes, by just 0.5% from 4.4m dhs worth of trading.

Abu Dhabi Securities Market

ADSM had a small drop of 0.2% to 3079 points from a still decent 264m dhs worth of trading. A bit less than half of that from Abu Dhabi Islamic Bank (ADIB), with a 4.4% rise to 56.20. However, by the close of the session their shares were trading at 54.40 and the bull run of the previous couple of days appears to be over. Aabar Petroleum Investments Company PJSC (AABAR) was up another 1.7% to 2.47 on still weighty volumes of 31m dhs, while Gulf Cement Company (GCEM) was relatively more notable for its lofty 6.9% hike to 4.72 and a sizeable 15m dhs worth of trading, their audited financial results for 2006 were released today. Other rises worth noting were First Gulf Bank (FGB) up 1.2% and Ras Al Khaimah Cement Company (RAKCC) up 1%. Most actively traded stocks fell less than 1% with the exception of Abu Dhabi National Company for Building Materials (BILDCO) down 1.9% and Abu Dhabi National Energy Company (TAQA) down 2.3%.

• Discuss and read UAE company news at Dubai Share Talk.

ADIB IAIC DANA AABAR jump up 05 Mar 2007

UAE market news & discussions for 05 March 2007 Stock Picks by Technical Analysis March 2007 UAB 2006 FY profit AED 158m +2% on 2005, Share div 12%, Cash 8% FBICO 2005 FY profit AED 20.8m +88% from 2005 - late - 26 Feb 2007 RAPCO 2006 FY profit AED 9.7m down -58% from 2005 - 28 Jan 2007 QTEL interested in Wataniya but Etisalat not - 28 Feb 2007 Dubai Development Co. discussion UPP Union Properties to showcase at MIPIM 2007 Cannes PR 05 Mar 2007 OIC 2006 FY results - 30 Jan 2007 (not reviewed) AOIC 2006 FY results JULPHAR 2006 FY profit AED 67m -43% from 2005 MAZAYA and TAMWEEL will announce Q Point in Dubailand - PR 03 Mar 2007 ARTC - Dubai Logistics City first cargo terminal unveiled - PR 03 Mar 2007 DME obtains approvals from Singapore and Japan regulators - PR 05 Mar 2007 SHUAA Oman National Investment ONIC buys 20% of FrontierAlt - R 04 Mar 07 JULPHAR sales to AED 2.2 bn from regional expansion GN 03 Mar 07 JULPHAR MD urges Ministry of Health to review drug prices - 03 Mar 2007 How to make money in UAE markets - UOWD workshop - PR 04 Mar 2007 EMAAR and India's MGF make offer for RSH of Singapore - 04 Mar 2007 NBD National Bank of Dubai opens branch in Qatar - PR 04 Mar 2007 DIB 2006 FY profit +47% to AED 1.56 bn. Dividends in AGM PR 25 Feb 2007 tasi up dfm down [Al Baloushi says GCC markets cheap PR 03 Mar 2007] ADIB EGM approves AED 1.5 bn convertible bonds for EIIC - ET 27 Feb 2007 Record Dates for Bonus/Dividend AFS net profit hits$5.873m - 17 Aug 2006 Arabtec contract to construct two towers in DIFC - 04 Mar 2007 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 05 March 2007

best stock rises symbol price change ASMAK 4.10 +0.35 +9.3% ADIB 53.85 +4.30 +8.7% IAIC 3.07 +0.21 +7.3% ARIG 3.05 +0.20 +7% NMDC 3.74 +0.24 +6.9%

worst stock falls symbol price change FH 7.21 -0.78 -9.8% ADNH 5.45 -0.55 -9.2% NCTH 4.00 -0.32 -7.4% ADSB 2.72 -0.15 -5.2% OIC 14.55 -0.75 -4.9%

top volume symbol value (AED) price EMAAR 344,047,162 12.85 IAIC 292,731,776 3.07 SOROUH 93,741,813 2.90 ADIB 81,415,966 53.85 DIC 62,945,718 4.46

Both DFM and ADSM rebounded today with ADSM volumes increasing again. New listing today for Dubai Development Company (DDC) on DFM with zero interest from investors. Not a single order in the bid or offer column. No doubt the listing of DFM shares on Thursday 07 March 2007 will be a different story.

Annual General Meetings tomorrow for Union National Bank (UNB), Commercial Bank International (CBI), NGI. DHAFRA Record Date coming up on 07 March 2007.

Dubai Financial Market

The DFMGI rose a solid 1.4% on decent enough volume of 883m dhs worth of trading. Almost all the actively traded stocks rose, Emirates Integrated Telecommunications Company (DU) the only exception with price unchanged at the end of the day.

Islamic Arab Insurance Company PSC (IAIC) Salama the outstanding performer today, rising 7.1% from a massive 293m dhs worth of deals. Emaar Properties PJSC (EMAAR) kept the top volume spot though and was up by 2.8% on 344m dhs worth of shares traded.

The best of the list of rising stocks were Amlak Finance Company (AMLAK) up 4.1%, Aramex PJSC (ARMX) up 4.7%, Dubai Investments PJSC (DIC) up 2.5%, GULFNAV up 2.5%, National General Cooling Company PJSC (TABREED) up 3%, and Union Properties PJSC (UPP) up 3.4%. Only 4 stocks fell and all on just one or two trades.

Abu Dhabi Securities Market

ADSM was up by 0.6% on healthy volume of 384m dhs worth. All the actively traded shares rose with Abu Dhabi Islamic Bank (ADIB) steaming up another 8.7% today and 81m dhs worth of shares traded. Volume no doubt restricted by shares trading at limit up price for the second day in a row, with no sellers in the queue at the close of the trading session. Expect another big day for them tomorrow.

Big rises and volumes also from Aabar Petroleum Investments Company PJSC (AABAR) up 6.1%, and Dana Gas PJSC (DANA) up 4.7%. Sorouh Real Estate (SOROUH) traded heavily but had a more moderate rise of 1.8%, similarly for Abu Dhabi National Energy Company (TAQA) up 1.9%, and Aldar Properties PJSC (ALDAR) up 0.4%. Emirates Telecommunications Company (ETISALAT) traded low volumes and price was unchanged.

No significant losers today. Big drop for Finance House PJSC (FH) was from a single trade of just 134 shares - less than 1000 dhs worth.

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ADIB, IAIC up, DIB, energy down - 04 Mar 2007

UAE market news & discussions for 04 March 2007 ADIB EGM approves AED 1.5 bn convertible bonds for EIIC - ET 27 Feb 2007 Record Dates for Bonus/Dividend AFS net profit hits$5.873m - 17 Aug 2006 Stock Picks by Technical Analysis March 2007 AOIC 2006 FY results DIB 2006 FY profit +47% to AED 1.56 bn. Dividends in AGM PR 25 Feb 2007 Arabtec contract to construct two towers in DIFC - 04 Mar 2007 WARE & NRE - share prices fall on cancelled contracts? 26 Nov 2006 EMAAR and India's MGF make offer for RSH of Singapore - 04 Mar 2007 GLOBAL Investment House Board Member resigns - 04 Mar 2007 ASCANA 2006 FY profit AED 9.3m -93% from 2005 - 01 Feb 2007 JEEMA 2006 FY profit AED 4.25m +27% from 2005 - 31 Jan 2007 SALAM 2006 FY results 30 Jan 07? Not checked yet. BOD meeting 29 Jan 2007 RAKBANK 2006 FY profit AED 259 +40% on 2005 - BOD meeting 28 Jan 2007 SCIDC 2006 FY AED 231m profit -31% from 2005 - 31 Jan 2006 FBICO 2005 FY profit AED 20.8m +88% from 2005 - late - 26 Feb 2007 UAB 2006 FY profit AED 158m +2% on 2005, Share div 12%, Cash 8% RAPCO 2006 FY profit AED 9.7m down -58% from 2005 - 28 Jan 2007 ETISALAT eyeing Wataniya after all, and Algerie Telecom - B 26 Jan 2006 QTEL interested in Wataniya but Etisalat not - 28 Feb 2007 EMAAR - Burj Dubai up to 100 floors & 350 meters - PR 17 Jan 2007 DIB - AED 750m deal with Kharifi Group for JXB city construction PR 03 Mar 07 tasi up dfm down [Al Baloushi says GCC markets cheap PR 03 Mar 2007] MINI futures for DU and DIC launched by ABN-AMRO on SWX - PR 04 Mar 07 RAKNIC 2006 FY profit AED 233m -8.8% from 2005, 10% div - BOD 30 Jan 07 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 04 March 2007

best stock rises symbol price change ASMAK 3.75 +0.34 +10% ADNH 6.00 +0.48 +8.7% ADIB 49.55 +3.45 +7.5% QCEM 1.92 +0.12 +6.7% IAIC 2.92 +0.13 +4.7%

worst stock falls symbol price change ACICO 6.99 -1.00 -12.5% DIB 7.74 -0.41 -5% AABAR 2.29 -0.11 -4.6% NMDC 3.50 -0.15 -4.1% TAQA 2.10 -0.08 -3.7%

top volume symbol value (AED) price EMAAR 204,167,123 12.60 IAIC 135,580,487 2.92 DIB 67,025,523 7.74 ADIB 30,055,248 49.55 DIC 28,553,666 4.42

Dubai Financial Market

DFM continued its lacklustre performance with another 0.9% drop to 4104 points on moderate volumes of 527m dhs worth of shares traded. Emaar Properties PJSC (EMAAR) made a fuss about its Burj Dubai tower reaching 110 floors and the market showed its lack of interest - price unchanged with only 204m dhs worth of trades.

Only two stocks showed any significant movement on volumes of note. Islamic Arab Insurance Company PSC (IAIC) Salama shot up 4.6% on a large 136m dhs worth, while Dubai Islamic Bank (DIB) collapsed by 5.1% from a less hectic 67m dhs worth of trading. Other active stocks moved by less than 1% with Amlak Finance Company (AMLAK), AMAN and Tamweel PJSC (TAMWEEL) the only ones to increase. ACICO was noted for the smallest volume of the day - a single deal of just 100 shares. National Bank of Dubai (NBD) fell almost 2% but on low volume.

Abu Dhabi Securities Market

ADSM had a marginal fall of 0.15% to close at 3066 points. Total value traded of 147m dhs back to more normal levels after some high volume days last week.

Abu Dhabi Islamic Bank (ADIB) went limit up to 50.70 dhs with no sellers in the queue today, restricting volumes to a still noteworthy 30m dhs worth. Interest probably related to the ADIB sukuk issue for Emirates Investment and possible takeover.

The only other shares to increase on volumes of any significance were First Gulf Bank (FGB) up 2%, Sorouh Real Estate (SOROUH) up 0.4%, and Sudan Telecom Company Ltd (SUDATEL) up 0.1%. Other big increase from very low trading volumes.

Most stocks on the active list fell, with the energy shares hit hardest. Aabar Petroleum Investments Company PJSC (AABAR) down 4.6%, Dana Gas PJSC (DANA) down 2.6%, and Abu Dhabi National Energy Company (TAQA) down 3.7%.

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UAE Share Report 01 Mar 2007

UAE market news & discussions for 01 March 2007 UAE economy real GDP growth 2006 estimated 9.7% - GLOBAL 27 Feb 2007 EMAAR rated STRONG BUY by HC Securities - 28 Feb 2007 Stock Picks by Technical Analysis March 2007 DIB 2006 FY profit +47% to AED 1.56 bn. Dividends in AGM PR 25 Feb 2007 CBD 2006 FY profit AED 601m, up 9.2% from 2005 - 17 Jan 2007 Sheikha Lubna comments on local equity markets - 01 Mar 2007 Saudi third mobile phone licence last big Gulf opportunity - PR 01 Mar 2007 ETISALAT's AED 24 bn shopping trip on hold - Reuters 28 Feb 2007 EMAAR the Economic City loss AED 12.5 m for first qtr - SEB 01 Mar 2007 More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 01 March 2007

best stock rises symbol price change ADNH 5.52 +0.36 +7% QTEL 231.00 +8.00 +3.6% EBI 13.10 +0.25 +1.9% ETISALAT 17.15 +0.30 +1.8% GCEM 4.28 +0.07 +1.7%

worst stock falls symbol price change OEIHC 20.70 -2.30 -10% ASMAK 3.41 -0.36 -9.5% CBI 2.49 -0.21 -7.8% TAQA 2.18 -0.17 -7.2% SOROUH 2.84 -0.20 -6.6%

top volume symbol value (AED) price EMAAR 326,359,803 12.65 DIB 79,883,323 8.61 DIC 42,643,397 4.41 SOROUH 39,906,151 2.84 GULFNAV 39,261,555 1.19

Despite the turmoil in world markets sparked off by the Shanghai hangover the DFM and ADSM have recorded slight falls of less than one per cent to finish the trading week. As the markets here have not enjoyed a happy 2006 it stands to reason they should be fairly robust as other markets in the world adjust.

Dubai Financial Market

The fall continues with the DFM index ending at 4,140 down .78%. 117 million shares changed hands with a total value traded of 617 million dirhams. Two stocks advanced, thirteen declined and four were unchanged.

The two stocks advancing included Emirates Bank International Group (EBI) 13.40 (1.9%) and Dubai Islamic Bank (DIB) 8.63(1.17%).
The top decliners included GULFNAV 1.19(3.25%), Aramex PJSC (ARMX) 2.13(3.18%), Tamweel PJSC (TAMWEEL) 3.81(2.8%), Amlak Finance Company (AMLAK) 3.86(2.03%), Emaar Properties PJSC (EMAAR) 12.60(1.94%).

Abu Dhabi Securities Market

The stellar run for the ADSM came to a halt today. The index closed at 3070 down .65%. 107 million shares changed hands with a total value traded of 298 million dirham. Ten stocks advanced, 23 declined and four were unchanged.

Top gainers included Emirates Telecommunications Company (ETISALAT) 17.15 (1.78%), Abu Dhabi National Company for Building Materials (BILDCO) 3.79 (1.07%) and Qatar Telecom (QTEL) 231 (3.59%) on small volumes

Top decliners included Abu Dhabi National Energy Company (TAQA) 2.18(7.23%), Sorouh Real Estate (SOROUH) 2.84(6.58%), Dana Gas PJSC (DANA) 1.52(5.59%), Aabar Petroleum Investments Company PJSC (AABAR) 2.40(5.51%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.43(4.67%), Aldar Properties PJSC (ALDAR) 4.79(2.44%). These falls were on significant volumes as well.
Most of these shares have had a good run the last couple of days and investors have taken profits at the weeks end.

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