In future, the closing price will be the average of all trades in the final 15 minutes, weighted by the volume traded at each price.
The number of job vacancies saw a two per cent year-on-year growth in March while jobseekers rose seven per cent, says a new survey.
The firm attributed higher revenues to a strong recovery in the capital markets and a pick-up in the local market for IPOs.
The bank made SAR1.71 billion ($456 million) in the three months ended March 31.
Net profit was KD83.9 million in the three months to the end of March.
Lenders hurting themselves by cold-calling customers, says head of Retail Banking at Emirates NBD.
Fenox Venture Capital firm has inked a partnership with Innovation 360, a Dubai-based innovation consultancy to invest in start-ups in the region.
Mubadala was last in the market in April 2011 through a $1.5 billion five-and 10-year trade.
NCB chairman Mansour al-Maiman said earlier this week that the bank was preparing to list its shares on the Saudi stock exchange this year.
The lender’s profit was boosted by strong loan growth related to extensive construction spending in Qatar.
There were no indications that the comments by deputy crown prince Muqrin bin Abdulaziz would be followed by any concrete policies against banks in Saudi Arabia.
The UAE’s official development assistance amounted to $5.2 billion in 2013, up 375 per cent from 2012.
Rising real estate prices and the Expo win are expected to boost UAE’s economic growth, says IMF.
The bank said it made 1.08 billion Saudi riyals ($287.97 million) in the three months ending March 31.
Limitless, a former property arm of Dubai World, restructured the Islamic debt facility in October 2012.
The Interim Marginal Lending Facility will allow lenders to use certain assets as collateral to swap for one-day loans.
The emirate organised its first big investor roadshow since the crisis in London.
Samsung estimated that its January-March operating profit fell by 4.3 per cent to 8.4 trillion won ($7.96 billion).
The Dubai lender provisioned five per cent of its total Dhs9 billion ($2.5 billion) exposure to Dubai World.
The 12-day offer of 275 million shares at Dhs1 each, represents 55 per cent of the company’s capital.
Lenders in the region must create effective social media strategies if they want to thrive in the future, say experts.
Advisors had been appointed last year to help facilitate a merger of the exchanges, but the idea has been discussed sporadically for years without a deal.
The majority of respondents expect investor friendly policies as India elects new government.
Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.
The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.
Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.
Jarir made 201.3 million riyals ($53.7 million) in the first three months of 2014.
The bank made a profit of 417 million riyals ($111.19 million)in the three months to March 31, according to a bourse statement.
The bank made 1.08 billion riyals ($288 million) in the three months ending March 31.
The deal will bring it a profit of 7.5 million dinars, the firm said in a statement to the Dubai bourse.