It seems that a lot of restructuring has been taking place at Nomura Holdings Inc, which is considered to be the biggest brokerage of Japan. The company has revealed that it is going to make cuts in its overseas business.
Stock Market leader in Gulf, Dubai Financial Market has declared better-than-expected results on back of higher trading activity. Compared to previous year first quarter, the revenue was higher by 42 per cent.
It has been recently revealed in a report that those people who have been living as tenants for a long time and have a good repayment follow up, shall soon be able to get credits for it. This in turn should be able to enable the first time purchasers to have many financial benefits together with low mortgage costs.
Labour Minister of United Arab Emirates Saqr Ghobash Saeed Ghobash backed strong business and commercial ties with India adding that UAE investors are eagerly looking for investment opportunities in India. Mr. Ghobash is currently on his official tour to India. He is expected to meet commerce delegations and government functionaries in order to enhance business cooperation between two nations.
Uncertainties prevailing in the global market made investors buying Abu Dhabi and Qatar government debt, apparently, due to safe investment heaven status of Gulf countries given to their strong financial position despite subdued investor's sentiments at global level. The move pushed yields on the bonds to historic lows.
In order to be able to win the status of MSCI emerging market, the Dubai Financial Market is testing the waters of a new settlement system. The information was given by the CEO of Nasdaq Dubai, Jeff Singer.
He also confirmed that there is not going to be any kind of regional unrest because of the new system.
Emaar boost Dubai’s index after 10% cash dividend gets approval.
In Saudi Arabia, investors waited for first quarter numbers and gained steadily. In March Saudi Arabia index mounted to 0.3% to 6,530 points, winning gains to 9.8%.
Saudi Basic Industries Corp (SABIC) mounted 0.5 percent and Saudi Arabian Fertilizers Co (Safco) climbed 0.7 percent.
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