Abu Dhabi, Dubai Maintain Bull Run.Summary: DUBAI u Gulf shares advanced, buoyed by the biggest jump in Saudi Arabian stocks in more than four months. Aref Investment Group, the Kuwaiti investment company, rose the most in almost three weeks after Kuwait Finance House agreed to reschedule re·sched·ule tr.v. re·sched·uled, re·sched·ul·ing, re·sched·ules To schedule again or anew: rescheduled the meeting for the following week; rescheduled the debts of many developing nations. its debt. Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975. Financial Information Figure 2004 2003 2002 Total Assets 30,613,361 22,778,319 19,587,790 Shareholder's Equity 2,687,419 1,548,180 1,473,986 NIAT 461,003 234,456 159,798 , the United Arab Emirates' biggest lender complying with Islamic rules, advanced to its highest since November. Saudi Arabia's Tadawul All Share Index, reopening after the Eid al-Fitr holiday, added 3.1 per cent yesterday, the most since May 9. The index rallied after a group of Saudi Arabian and foreign banks agreed to refinance part of the Saad Group's debt, two people familiar with the situation said. The group owes at least $6.5 billion to global creditors including Citigroup Inc. and BNP Paribas SA. The company, with interests in construction, finance and real estate, defaulted on payments owed by its Bahraini banking unit earlier this year. "The region is reacting strongly to Saudi's rally," said Khaled Masri, a partner at Rasmala Investment LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in Dubai. The Saad Group news "is helping sentiments," he said. The Dubai Financial Market General Index added 0.6 per cent and Abu Dhabi's ADX ADX Average Directional Movement Index ADX Automatic Data Exchange Adx Adrenodoxin ADX Adrenalectomized ADX Accumulation/Distribution Index ADX Air Defense Exercise ADX Administrative Maximum Facility ADX Address Cross Reference General Index advanced 0.2 per cent. The Tadawul index rose another 0.8 per cent to 6179.12 at 2:12 p.m. today in the kingdom. The last two weeks of the Islamic holy month of Ramadan, which ended Sept. 20, usually bring investors back to the market, often leading to a rally that continues several weeks after the holiday, Morgan Stanley said in a report last month. Saudi Arabia's index gained 5 per cent in the final two weeks of Ramadan while Dubai's bourse C soared 8.7 per cent. Aref Investment gained 5.8 per cent to 182 fils, the highest since Sept. 10. Kuwait Finance House agreed to reschedule Aref's debts of 132 million dinars ($461 million). Kuwait Finance House added 1.5 per cent to 1,320 fils. Dubai Islamic Bank added 2.9 per cent to Dh3.25. Oman's MSM MSM - Micronetics Standard MUMPS 30 Index and the Kuwait Stock Exchange Unweighted Index unweighted index A stock price index that is calculated with equal weighting for each component. Unweighted indexes such as the Value Line averages are useful for individuals who invest an equal dollar amount in each stock. added 1.3 per cent each. Qatar's DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. 20 Index advanced 0.3 per cent and the Bahrain All Share Index gained 0.7 per cent. Abu Dhabi Securities Exchange Abu Dhabi Securities Exchange, or ADX, announced on Sunday that the Global index provider, FTSE Group Aa has finalised its annual review of country classification for the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. Global Equity Index Series, or GEIS GEIS Generic Environmental Impact Statement GEIS Global Emerging Infections Surveillance (DoD) GEIS Global Emerging Infections System GEIS General Electric Information System GEIS Generic Edited Information Set , and confirmed that the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. is to be promoted to Secondary Emerging market. Tom Healy, ADX Chief Executive said, "We are delighted that the UAE will be promoted to the new designation within FTSE Global Equity Index Series; ADX fully supports the GEIS initiative and will cooperate with the FTSE Group in communicating progress back to the international investment community." AaAaAa Jonathan Cooper, Middle East and Africa Managing Director for FTSE Group said: "The UAE's inclusion as a secondary emerging market to the GEIS is a great achievement. It is proof of the commitment that has been undertaken by the exchanges to achieve international recognition and to facilitate access for international investors. FTSE is proud to announce this decision which will bear considerable weight in creating further visibility of the region across international markets." Nasdaq Dubai AaAa Meanwhile, NASDAQ Dubai Academy is expanding its range of courses on investor relations Investor relations The process by which the corporation communicates with its investors. and financial public relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. to meet growing demand, in association with specialist training company FinanceTalking Ltd. The extended programme, to be held in October 2009, aims to promote best practices by listed companies in the region. It follows a successful initial programme held in June. Aa . Jeff Singer, Chief Executive of NASDAQ Dubai, the region's international exchange, said: "Following a period of volatility in the capital markets, companies are increasingly aware of the need to communicate their strengths and achievements effectively to investors and the general public. These courses help companies to identify the appropriate information to give out and the right methods for distributing it." NASDAQ Dubai Academy will hold three one-day foundation courses on October 11-13, followed by a one-day practitioner course on October 14, all aimed at in-house and external investor relations and public C relations practitioners. Aa business@khaleejtimes.com Copyright 2009 Khaleej Times. All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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