Finance

Finance

S&P affirms Abu Dhabi’s ratings

S&P Global Ratings affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the Emirate of Abu Dhabi; The...

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...

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...

Investors Won’t Chase Gold Markets Next Week

Gold markets broke out to the upside past week. As of now, the market looks bullish and traders expect gold prices to reach towards...

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...

Industrial Commodities Prices to Surge in 2017

Tight supply, strong demand boosts energy, metals prices The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017,...

Western Union Enables Money Transfers via Messenger

Western Union, a leader in global payments, today announced an innovative and compelling way for Facebook Messenger users in the U.S. to send money...

5 Tips To Ensure Your Financial Investments Are Safe

The law governing financial crimes right across the UAE has been tightened up with the establishment of the Dubai Economic Security Centre. This body,...

Bank Chiefs Optimistic About the Future

After years of relentless focus on costs, settlements and regulations, the future of banking is looking brighter, agreed panellists in a session at the...

Why You Need to Create Multiple Streams of Income

In uncertain times, people often fear that they may lose their jobs from one week to the next. But those who have managed to...

Digital Finance Can Turbocharge Growth In Emerging Economies

Two billion individuals and 200 million micro, small, and mid-sized businesses in emerging economies today lack access to savings and credit. Even those with...

Regional Markets to Trade Sideways Short Term

US markets witnessed their month lows on Thursday and Friday as the new health care bill floundered and the Trump rally stumbled. Dow Jones...

FGB Wealth Sentiment Index score up 0.3% in February

Index score increases from 1017.41 in January to 1020.52 in February 2017 FGB, one of the leading banks in the UAE, has announced the latest...

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...

Choosing the Best Trading Platform

A forex trading platform is a program that facilities the transfer of trading information between the broker and the trader. A trading platform offers...

Another step closer to VAT implementation in GCC

The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions...

Regional Markets Expected to Trade Lower

Negative performance in the second week of March for six out of the eight major indices with Egypt increasing by a solid 4.4% Weakness prevailed...

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...

FGB, NBAD Merger Creates World’s Largest Financial Institution

FGB and NBAD announce the new name of the combined bank New Bank starts trading on Abu Dhabi Securities Exchange under ticker symbol...

March Wealth Sentiment Index Score Reflects Increasing Optimism

Index score increases from 1020.52 in to 1024.61, up by 0.4% FGB, one of the leading banks in the UAE, has announced the latest score...

How to earn more money in 2016

In the beginning of 2016, "How to earn more money" is a dilemma for many people. Improving your income is one of the best...

Citizenship by Investment? Here Are The Top 10 Countries

Professional Wealth Management, a publication from the Financial Times, has today launched the world’s first comprehensive guide to the programmes that populate the economic...

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...

Gold Prices Weekly Outlook: No Big Rally, No Fall

Gold prices closed lower for ninth session in a row last Friday. Strong U.S. employment data reinforced expectations of a Federal Reserve interest rate...