Dar Al Sharia recognised as ‘Best Sharia Advisory Firm’ by Islamic Finance News once again

Dar Al Sharia, Dubai Islamic Bank’s (DIB) Sharia consultancy and Sharia advisory subsidiary, announced today that it has been recognised as the “Best Sharia Advisory Firm,” and “Best Islamic Consultancy Firm” by the Islamic Finance News (IFN) Awards Best Service Providers Poll. The only firm to take home more than one award this year, Dar Al Sharia was voted for its high quality Sharia advisory services.

This is the second consecutive year that Dar Al Sharia has been voted the “Best Sharia Advisory Firm” at the IFN Awards, which are considered as the most transparent, definitive and competitive awards in the Islamic finance industry. Read more

Obstacles Envelop Launch of Gulf Single Currency

There have been several discussions on the launch of a single Gulf currency, its benefits to partner regions and integrating economies. The International Monetary Fund (IMF) approved of the single Gulf currency in 2001, wherein Saudi Arabia, Bahrain, Oman, Kuwait, Qatar and United Arab Emirates (UAE) were initial participants, with a completion deadline set for 2010. Read more

Keeping the British Pound

To keep or to ditch the British Pound has been an ongoing debate in the UK since the introduction of the Euro, over a decade ago. The current eurozone crisis could result in an even more Euro – resistant UK. Was it a wise decision to stay out of the eurozone in the first place?

Angela Merkel insists that the euro will remain a strong

Angela Merkel, the German chancellor, has insisted that the euro will remain a strong and dependable currency.
She told Al Jazeera’s Jane Dutton that Germany would work towards supporting the shared currency by cutting eurozone budget deficits.

BNP’s Thio Says Euro’s Long-Term Outlook Still `Bleak’

Thio Chin Loo, a senior currency strategist at BNP Paribas SA, talks about the outlook for the euro after the European Union unveiled an emergency fund for member states worth almost $1 trillion. She speaks with Bloomberg’s Linzie Janis from Singapore.

Markets Fear `Systematic’ Crisis in Euro Region

Thomas J. Lee, the chief U.S equity strategist at JPMorgan Chase & Co., talks with Bloombergs Margaret Brennan about the potential for Greek debt crisis contagion in the euro region and financial market reaction to Greek protests against government austerity measures.

Daily Forex Analysis

Following Friday’s U.S. Employment figure, the best in three years, risk taking returned to the marketplace, according Forex analysis provided by ForexYard. Additionally, the U.S. economy saw further signs of improvement after yesterday’s ISM Non-Manufacturing PMI and Pending Home Sales reports. While risk taking caused the Euro to trade above the 1.3500 level throughout yesterday, it has since fallen almost 100 pips to its current level of 1.3430.

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Interbank FX named Silver Sponsor in the Fifth Annual Middle East Forex Trading Expo

Interbank FX (IBFX.com), a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading, today announced its participation in Arabcom group’s fifth annual Middle East Forex Trading Expo and Conference to be held November 17-18  at Jumeirah Emirates Towers Hotel in Dubai.

In addition, Interbank FX is nominated for the ME Forex award in multiple categories, including Best Forex Broker, Best Forex Education Provider, Fastest Growing FX Company among others.

“As the Middle East continues rapidly developing into a major financial hub, it maintains strong liquidity making it an attractive market for increasingly risk-averse investors,” said Interbank FX chairman and president Todd Crosland.  “We were delighted to have a returning presence and recognition in the Middle East Forex Trading Expo.” Read more

Varengold Adds 15 Currency Pairs

Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG, now offers trading in the South African Rand, Hungarian Forint, Polish Zloty, Czech Koruna, Norwegian Krone, and Swedish Krona.
Varengold Bank, the award winning German investment bank, today announced that it will list 15 new foreign exchange (FX) currency pairs.
The pairs, representing currencies from Eastern Europe, South Africa, and Scandinavia, will debut on the 1st of October. Read more

The Currency Report – U.S. Dollar

Dollar Falls to Lowest Level in 2009

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