Finance

Finance

US Federal Reserve System Raises Base Interest Rate

The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...

Emerging Markets Retail Banking Growth Slows

Retail bank growth across 12 emerging markets, referred to as the EM12, will slow according to a new report titled “Playing to Win, Retail...

Equity Futures Trading Increases Rapidly on Nasdaq Dubai in November

• Volume of traded contracts rises 116% • Union Properties, Arabtec and DXB Entertainments are most traded futures Trading on Nasdaq Dubai’s equity futures market increased...

Optimistic Forecast: UBS Sees Gold Price Averaging $1,350 in 2017

Swiss bank UBS forecasts gold price to average $1,350 an ounce in 2017, characterizing the metal as “down but not out” after significant declines...

UAE to begin implementing G20, OECD procedures for tax information exchange

The Ministry of Finance (MoF) has announced that the UAE will begin implementing the standards of joint disclosures and the exchange of information for...

UAE’s first Wealth Sentiment Index Launched

FGB, one of the leading banks in the UAE, launched the UAE’s first Wealth Sentiment Index at its annual Investment Conference today, which took...

Dubai Business Confidence Index rose 4.9 points

Domestic investments, boosted by preparations for the Expo 2020, along with the tourism and retail sectors continued to prop up business sentiments in Dubai...

Trump presidency could have far-reaching effects on Gulf finance

A Donald Trump presidency in the United States could have far-reaching ramifications for personal finance in the Gulf, according to the financial experts at...

Mobile Money Make International Remittances Cheaper

The GSMA today issued a report entitled, ‘Driving a Price Revolution: Mobile Money in International Remittances’ that looks at the impact of mobile money...

DGCX wins Exchange of the Year Award 2016

The Exchange continued its growth trend with an average open interest reaching a high of over 460,155 lots valuing an average of US$ 7.61...

Mergers and Acquisitions Activity in GCC Region Set to Accelerate

Mergers and acquisitions activity in the GCC region is set to accelerate as lower oil prices force governments and corporations to consolidate fragmented industries....

GCC Bond Market to Continue Gaining Momentum Despite Lower Performance

GCC bond market expected to witness continued increase in the volume of issuances. · Increased demand from international investors due to relative stability and appealing...

Oil prices whipsaw as regional markets weigh macroeconomic conditions

Oil declines to $50 a barrel after news on Russia’s no deal with OPEC After the major OPEC news last week, oil reacted positively and...

Gold Prices: Flat, Higher or Sideways

Last Friday, gold futures extended their losing streak to a sixth straight session and posted nearly 5% loss for the week. That was the...

VAT in GCC – It’s coming, so how do we get...

To help businesses in the Gulf Cooperation Council (GCC) countries understand the potential impacts of the implementation of VAT, Deloitte in the Middle East...

Emaar Properties lists USD 750 million Sukuk on Nasdaq Dubai

Emaar Properties listed a 750 million US dollar Sukuk today on Nasdaq Dubai, the region's international financial exchange. The listing has raised the total value...

Markets sell-off may evolve into a prolonged scenario

In Monday early trading, European shares fell by their most in nearly three months, hit by a global sell-off in stocks and bonds as...

Global gold demand reached record H1 levels

Global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous...

Helpful Tips on How to Do Well in Binary Options

Though binary options deal with unregulated trading and would be mostly on the internet and may be prone to fraud, it is easy to...

Moving Money to Dubai

International money transfers are a significant topic for discussion for the 7.8m expatriates living in the UAE. It’s more of an issue in Dubai...

Gold prices rally poised for a slowdown in the months ahead

Gold futures on Friday suffered their largest daily decline in two weeks, paring their gain for the latest week as the guesswork around the...

Peruvian gold exports to UAE grew by 155% in H1 2016

Peruvian gold exports to the UAE reached US$233 million in the first half of 2016, a 155% increase compared to the same period in...

Late payments on the rise in UAE

During the past few months, more UAE companies are reporting late payments as liquidity tightens due to the prolonged effect of low oil prices...

Fitch affirms ratings of 11 UAE Banks

“The affirmation of the banks' Long-Term IDRs, Support Ratings and Support Rating Floors, except for Emirates Islamic Bank PJSC (EI) and Commercial Bank International...