Tuesday, September 18, 2018

How Will a State-issued Cryptocurrency Affect Market?

The history of the cryptocurrency is a short, but eventful, one. It was in 2009 that Bitcoin first appeared on the scene, the brainchild...

Global Debt at Record Heights

Global debt hit a new record high of $164 trillion in 2016, the equivalent of 225 percent of global GDP. Both private and public...

UAE’s Private Education Market Will Grow by 40% in 5 Years

According to a new report today by The Boston Consulting Group (BCG), entitled ‘Where to Invest Now in the GCC Private Education’, the UAE’s...

Dubai Holding to Launch Region’s First Digital Bank

Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...

Dubai’s Listed Firms on Roadshow to Woo Wall Street Investors

The Dubai Financial Market (DFM) International Investor Roadshow in New York 2018 has successfully strengthened links between listed companies and leading US-based investment funds....

Gold Demand in 2018 Gets off to Quiet Start as Investment...

Gold demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first quarter since 2008. This was largely caused by a...

Financial Literacy for Individuals Becomes a Priority in UAE

UAE Banks Federation launches fully integrated handbook ‘Financial Literacy for Individuals’ Due to the increasing importance of financial awareness, the UAE Banks Federation (UBF), continues...

UAE Investors Invest US$16 Billion In Foreign Countries In 2016

The UAE International Investors Council, UAEIIC, today said that the UAE investors invested US$16 billion in foreign countries in 2016. The semi-government institution, which works...

DIFC Named Best ‘International Finance Centre’

Dubai International Financial Centre (DIFC) has received the ‘International Finance Centre’ award at the WealthBriefing European Awards 2018, reinforcing its position as the leading...

Trust in UAE Banking Sector Remains High at 68%

Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of...

First Home-grown Wholesale Islamic Bank to Open in DIFC

Dubai Investments PJSC , the leading diversified investment company listed on the Dubai Financial Market, has announced plans to lead a consortium of investors...

Emirates Set to Close US$600 Million Sukuk

Emirates is pleased to announce a successful execution of a US$600 million sukuk (Islamic finance issuance). The issuance received a good response from both...

UAE Expats Sent Home AED164.3 Billion in 2017

Expats remittances from the UAE amounted to AED164.3 billion during 2017, a growth of 2.2 percent from AED160.8 billion in 2016. According to a report...

VAT Registration Easy Through e-Services Portal, FTA Claims

The Federal Tax Authority (FTA) reaffirmed that registering for Value Added Tax (VAT) can be done in three easy steps through the e-Services portal...

’The Wealth Report City Series – Dubai Edition’ Unveiled

To coincide with the launch of the 2018 Knight Frank Wealth Report, which provides the global perspective on prime property and wealth, Knight Frank...

Emirates to Mandate Banks for Investor Meetings

Emirates, the world’s largest international airline, has mandated Citi and Standard Chartered Bank as Global Coordinators and Joint Lead Managers, along with Abu Dhabi...

FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet

In support of the UAE’s goal to become a cashless economy, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the...

Nasdaq Dubai Launches Futures On ADX Share Index

Rashed Al Blooshi, Chief Executive of Abu Dhabi Securities Exchange, ADX, and Hamed Ali, Chief Executive of Nasdaq Dubai, rang the ADX market opening...