Suq Al Mal

Damas announced on Nasdaq Dubai that it had revised its agreement with the Abdullah Brothers regarding the amounts they owe to Damas. One...

Damas announced another remarkable bit of progress and as well yet another "vote of confidence" from its lenders in its proven bu...

Actual Cascade Agreement. Look closely for the water.   DIL shares in green.   Damas' Board announced on NasdaqDubai further developmen...

Damas announced that it would hold its AGM/EGM on 30 September. Among the agenda points are: a change in auditors from Ernst & Young...

Fancy expensive car proving honesty and sincerity. Dubai is known as an important gold trading center.  Apparently the story of Damas is ju...

The Auditors' Report has been posted on NasdaqDubai: This report is being released again due to technical difficulties experienced by...

You may have seen the news articles on the loss.  Here in the Gulf News .  Or Khaleej Times .  As usual, if you're looking for more con...

From Nasdaq Dubai 22 July : Damas International Limited (the Company) announces today that the Company has signed an extension to the st...

This is the actual headline in The National , though I suppose at some point the editor will change it to "role".  But the origina...

Ken over at WallSt. WTF has an "appreciation" of the Damas saga.  Well worth a read if you haven't seen it.

A rather enigmatic press release from Damas on Nasdaq Dubai this morning. Three points of note: Damas International Limited ("DIL...

Here's an interesting bit of news from Business 24/7. "At a time when Damas is going through a period of transition and pursu...

From Nasdaq Dubai . Damas International Limited (the Company) announced today the appointment of Anan Fakhreddin as Chief Executive Offi...

Damas announced this lawsuit on NasdaqDubai earlier today. Damas International Limited (the Company) stated today, that it received a leg...

From Nasdaq Dubai . Damas International Limited (The Company) announced today that it is taking all reasonable steps to secure and rec...

Damas announced on NasdaqDubai late this afternoon that a majority of its lenders had agreed to extend the standstill two months to give t...

The National reports that the DIFC Court has rejected a motion by counsel for the Abdullah Brothers to the DIFC Court to dismiss the case f...

As you've probably seen in press reports yesterday, Damas held an Extraordinary General Meeting of shareholders yesterday at which a ne...

As per The National , the standstill was signed with the six banks that comprise the informal Steering Committee, Standard Chartered, HSBC,...

Damas announced today on NasdaqDubai that it had signed a standstill agreement with a majority of its lenders and was currently developing...