Al Fardan Exchange expands its reach to Vietnam

Al Fardan Exchange and Bank for Investment and Development of Vietnam (BIDV) signed an agreement to facilitate direct, fast and secure remittance services through AFX FASTREMIT to more than 100 of BIDV Bank's branches located in strategically important geographic locations in Vietnam. The Peninsula - 16Oct 06:44GMT
BankDhofar to increase paid up capital to RO70.7m

An extraordinary general meeting of BankDhofar agreed on Tuesday to increase the paid up capital from RO 53,081,700 to RO 70,773,831 through the issue of 176,921,306 rights shares representing 33.33 per cent of the existing shares of 530,817,000 with total value of RO 70,768,522. Oman Daily Observer - 16Oct 06:33GMT
NBO not affected by global financial meltdown

National Bank of Oman took part in the 'Discussion Forum', organised by Muscat Securities Market (MSM) at the MSM head office on Tuesday in its continuous endeavour to maintain transparency and disclosure. Times of Oman - 16Oct 06:28GMT
Bank Sohar launches Excel Visa Debit Electron cards

Bank Sohar will be issuing the Excel Visa Debit Electron Cards to its customers starting today. The bank has made elaborate arrangements at all the branches for smooth transition. Times of Oman - 16Oct 06:23GMT
UAE banks shrug off fears as Q3 profitS jump

UAE banks yesterday kicked off the third-quarter earnings season with robust profit growth shrugging off fears of an earnings meltdown as a result of possible exposure to the global credit crisis. Emirates Business 24/7 - 16Oct 06:17GMT
Qabalan investors in a pro rata pay back deal

Deposits of 700 out of 5,000 investors in a fraudulent savings fund, were documented by the police in preparation for a pro rata deal to get back their money, police said. Gulf News - 16Oct 05:40GMT
Investors expected slump in markets

The tumbling of markets yesterday after two days of good business did not catch investors unawares. Gulf News - 16Oct 05:38GMT
Daman chief bullish on Dubai's debt

Dubai's debt situation is manageable, despite a more sober period ahead, according to a senior official at Daman Investments. Gulf News - 16Oct 05:31GMT
Experts Call For Action Amid Saudi Mutual Fund Crash

The recent Saudi stock market crash amid the global financial crisis has had a heavy impact on the local mutual fund market, wiping off at least three billion riyals in a single week. Gulf News - 16Oct 04:37GMT
Foreign Investors' Trading Patterns To Be Studied: ADX

Rashed Al Baloushi, deputy chief executive of the Abu Dhabi Securities Exchange (ADX), said that the ADX will analyse trading patterns of foreign investors to study whether there are some systemic gaps which are detrimental to market's growth. Khaleej Times - 16Oct 04:19GMT

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The Toolbox

Research

Islamic Arab Insurance Company
Abu Dhabi Commercial Bank - Oct 2008

ADCB issues a HOLD recommendation on the Islamic Arab Insurance Company with a target price of AED 1.72, representing a 6.8% upside potential to the current market price of AED 1.61. The company is expected to achieve FY08 net profit of AED 52.1 million, compared to AED 154.8 million for FY07. The stock is trading at a PE of 34.5x for FY08E.

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Video

FH Chairman Comments On The Company's Record Q3 Profit

Arabic language (2:39)
Mohammed Al Qubaisi says investment's revenues increase boosted profit of the Co - 15Oct

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Funds

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Leading Fund

Fund	Jordan Securities Fund
Geographic Focus	Jordan
Fund Manager	The Housing Bank for Trade and Finance
NAV	98.10 JOD \| 29Sep08
YTD Returns	+ 8.18%
Jordan Securities Fund is the leading balanced fund on the Funds Monitor in terms of YTD returns.
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Radio

Pumping Liquidity In UAE

Abdulkadir Hussain, CEO of Mashreq Capital, talks about the extra AED70 billion to be added to the banking system in the UAE. The amount now allocated is AED120 billion.
Dubai Eye - 15 Oct 2008

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Community Buzz

Stories in Financial Services

Most read stories by Community in the last 24 hrs

1	Liquidity squeeze causing panic and confusion in property market
2	UAE Banks Face Dh500 Billion Fund Shortage
3	Gulf Countries Unveil Measures To Back Banks
4	Lebanese Banks Cash In On Worldwide Turmoil
5	Abraaj Capital To Buy Stake In Pakistan's KESC
6	Vmware shines with Virtualization Innovations at GITEX 2008
7	GCC 'Failed To Draw Up Unified Policy' Amid Crisis
8	Gulf Markets Slump After Two-Day Rally
9	SABIC establishes 'SABIC Capital Ltd.' in the Netherlands
10	Dubai Executives Brush Off Moody's Worry

Companies in Financial Services

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Abu Dhabi Investment Council	UAE	Investment Firms and Funds
Qatar Investment Authority	Qatar	Investment Firms and Funds
Al Hilal Bank	UAE	Banking
Al Rajhi Investment Group	Saudi Arabia	Investment Firms and Funds
Emirates International Investment Company	UAE	Investment Firms and Funds
Abu Dhabi Investment Company	UAE	Investment Firms and Funds
Bayt Al Mal Investment Company	Kuwait	Investment Banking
Mubadala Development Company	UAE	Investment Firms and Funds
Sambacapital	Saudi Arabia	Investment Banking
Abu Dhabi Group	UAE	Investment Firms and Funds

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas
Nakheel - Dubai Waterfront	UAE	Real Estate
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Nakheel - Dubai Waterfront - Veneto	UAE	Real Estate
Emirates Aluminium (EMAL) - Smelter Complex	UAE	Industry
ADCO - SAS Field Development	UAE	Oil and Gas
Khalifa Port and Industrial Zone (KPIZ)	UAE	Infrastructure
Takreer - Ruwais Refinery Expansion	UAE	Oil and Gas

Blogs

Â I went to the dentist a few days ago for the first time in several years.Â Part of the reason I put off going for so long was that I didnâ€™t really want to hear the bad news.Â I thought, if Iâ€™m not experiencing any tooth ache, there canâ€™t be anything wrong. It turned out I had 10 cavities that need filling and a possible root canal. Although to look...

This Arab Life

blog by Alexandra Tohme | 15Oct08

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1	A SWOT Analysis On Real Estate
2	Do GCC Countries Finance US Current Account Deficit?
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5	A rich man learns Dubai is not the place to commit a crime

Zawya Network

330 members in Financial Serv.

PE Monitor
More Power To PE
When it agreed to buy a 50% stake in a Pakistani power provider, Abraaj Capital bucked a regional trend that has seen such deals all but dry up in recent months.

Accepting Recession
Merrill Lynch's global fund manager survey finds investors accepting recession as a painful reality, amid the most pessimistic outlook yet recorded in the survey.

Falling On Their Swords
Four of the most senior figures in British banking fell on their swords yesterday as the Government set out the ground rules for a new lower-paid and more heavily regulated era.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Privatization Holding Company	Kuwait	368
2	Saudi Printing and Packaging Company	Saudi Arabia	294
3	Educational Holding Group	Kuwait	227
4	National Leasing Holding	Qatar	226
5	Arab International Company for Education and Investment	Jordan	212
» View Full List

Related Information

EIU Forecast For Financial Services Sector

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