UAE, 2nd Largest Regional Stock Market,

In Arab countries, who is on the stock markets' top index is a competition among each other. It is where a country's economy can be measured.



Among the stock markets in the Middle East, UAE stock market is now on the second spot, replacing Kuwait which landed on the third.

The new post of UAE stock market as the second largest regional stock market is definitely a non-debatable issue, because of its excellent performance. As a matter of fact, the share volumes in UAE stocks are more than tripled in the first quarter of 2008 as compared with the same quarter last year.

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Global Investment House Acquires 2 Egyptian Financial Companies

Beating the competitive world of financial industries, the Global Investment House, in its effort for worlwide expansion has acquired two leading financial companies in Egypt.


These two are the Capital Trust Co. which is based in Cairo and specializes in Asset Management and Misr International Securities, based in Alexandria and specializes in securities and brokerage.


The acquisition of the two leading Egyptian companies, according to Mr. Omar M. El Qupa hopes to provide and investment community in Egypt which cater the Egyptian market with products and services that would surely match up or even exceed the expectations of the consumers in Egypt.


Global Investment House likewise envisions to provide affordable and effective financial services such as: the establishment and management of investment funds, portfolio management, brokerage, private and public placement, underwriting, advisory, dealings as a principal and as agent, and custody.

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No Subprime Crisis If Islamic Principles Were Applied

If only the Islamic Principles were applied, Islamic Finance could have prevented the Subprime Crisis being sparked by the US Subprime mortgage, according to an Islamic scholar. but another scholar said that the US mortgage crisis is unthinkable under Islamic principles. Find out why...


“A crisis such as the mortgage one would technically be unthinkable in the Islamic capital
markets sector because it would be against Sharia principles to sell a debt against a debt.”

The subprime mortgage crisis had seen trillions of dollars traded without the backing of assets, he said.

“If such transactions followed the Islamic finance model it would have easily prevented the current economic crisis.”

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UAE MARKETS: Slowly But Surely Gains

UAE, though slowly, is making a sure uptrend gains in the stock market, much better than any other markets who have been falling tremendously. A total gain of 3.35 percent were recorded sine the beginning of the year.

Arabtec continued to outperform the market and shot up by more than five per cent to a new record of Dh15.60.

Amlak Finance was also among the best performers by adding 3.53 per cent to its value to close at Dh4.98, followed by Dubai Financial Market, Tamweel and Dubai Investments, all ending the session with strong gains. The losers included Deyaar Development and Tabreed.

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