Business Blog

Preatoni, a European property developer, has set up a subsidiary in Dubai to advance and grow its portfolio in the Middle East markets.

DUBAI, May 20 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares inch down, dollar steadiesMKTS/GLOB* Brent steady above $109 on Libya unrest; U.S. crude stocks seen rising O/R* MIDEAST STOCKS-Dubai in biggest drop in 8 mths, most

DUBAI, May 20 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares inch down, dollar steadiesMKTS/GLOB* Brent steady above $109 on Libya unrest; U.S. crude stocks seen rising O/R* MIDEAST STOCKS-Dubai in biggest drop in 8 mths, most

Emirates Reit, the Shariah-compliant regulated real estate investment trust, has acquired the community mall Le Grande which forms part of Trident Grand Residence Tower in Dubai Marina for Dh118.2 million ($32.2m) in cash.

Telecommunications Minister Boutros Harb Monday said his predecessors had failed to adopt sufficient measures to improve the country’s telecoms sector.

Global Islamic banking assets with commercial banks are on course to exceed USD3.4 trillion by 2018, fuelled by growing economic activity in core Islamic finance markets, according to specialists at Ernst & Young's Global Islamic Banking Center.