Wednesday, July 18, 2018

Finance

Finance

Bankruptcy and Financial Restructuring Law to apply to individuals in UAE

Bankruptcy and financial restructuring law’s jurisdiction will extend to include individual, civil debt cases, and debt instances concerning certain professionals such as doctors, lawyers and others.

If you are into stocks, follow the big money

Higher energy prices, Japan supply chain disruptions and fear of continuous depreciation of the U.S. dollar were supposed to scare investors off tacking risks...

UBS appoints Ali Janoudi to Middle East and North African role

UBS today announces the appointment of Ali Janoudi, who will be responsible for the Saudi Arabia and Near East/Northern Africa Wealth Management business in...

Fund Manager Survey finds Sovereign Debt Fears easing as Investors anticipate...

Global investors appear to be coming to terms with the prospect of a default by the Greek government, according to the BofA Merrill Lynch...

One More Bank Cuts Gold Price Forecast

On Wednesday, Societe Generale revised on the downside its 2013 gold price forecast and respectively silver among precious metals. Among the base metals, the...

DFM Index plunges nearly 2.5%

Dubai Financial Market General Index (DFMGI) has slumped 2.47% till today’s mid-trading, with a loss of 38.27 points to 1474.32. Traders comment that this...

Asian hedge fund industry expands to a record number

HFRX India, Korea Indices post industry-leading 3Q gains Hedge funds in China, Japan continue to lead Nikkei, Shanghai Composite The Asian hedge fund industry expanded to...

Savings account for children unveiled in Dubai

Shaatir Children’s Savings account will help young people reach their financial goals DIB’s first account specifically for children Dubai Islamic Bank (DIB) today unveiled its first...

Forex Market and The World Economy

Forex is a dealing system also noted as FX or and foreign market exchange. Those participating in the foreign exchange businesses are some of...

EMAAR DEVELOPMENT Now Included into DFM General Index

Dubai Financial Market announced that the shares of EMAAR DEVELOPMENT will be added to its general index (DFMGI) and to sector indices as of...

Sovereign Wealth Funds may change direction of investment flows

Restrictions by the United States and others may lead sovereign wealth funds to invest closer to home instead of in the West, the head...

Grant Thornton offers corporate governance solutions at annual congress

In line with UAE’s new corporate governance law to be introduced in April 2010 Grant Thornton UAE gold sponsors of 4th Annual Corporate Governance...

Forex Markets eye U.S. Data

Today, traders should pay close attention to the release of the U.S....

Summer months slowed IPO activity in GCC

The month of July and August marked the start of the summer and Ramadan period with the expected slowdown in Initial Public Offering ('IPO')...

HSBC and Lloyds TSB tightened their lending criteria

Two of the largest U.K. banks - HSBC Holdings Plc and Lloyds TSB Group Plc are reducing lending as the credit crunch begins to...

Bitcoin in UAE?

The United Arab Emirates is joining the Bitcoin mania. Earlier this week, it was announced that an Australian company will launch the first exchange...

Dubai shares up 1.45%

Foreign investors net DFM buyers by AED 50.67 mln Dubai Financial Market General Index (DFMGI) closed out the week with a significant rise...

International investors attracted by growth prospects in Middle East, says study

1. First Middle East survey on capital markets perceptions and IR practices commissioned by ME-IR Society 2. Thomson Reuters poll of international investors with regional...

Hedge Funds Continue Gaining, Despite Selloff in Commodities

HFRI extends 1Q performance and high watermark with 6th consecutive monthly gain; Quantitative, Trend Following Macro CTAs post strongest gain in 10 months Hedge funds posted...

UAE’s Financial Markets to remain closed on Thursday

The Financial Markets in the country will remain closed on Thursday on account of "Al-Mawlid Al-Nabawi", Prophet Mohammed (PBUH) Birthday, the Emirates Securities and...

Tamweel relaunches home finance solutions

Real estate finance provider back in business following announcement by Dubai Islamic Bank Offers financing of ready residential properties in Dubai and Abu...

Private capital pursuing mining and metals investments

Increasing interest in mining and metals from private equity funds, sovereign wealth funds and state-owned enterprises is set to be a key trend in...

Hollywood memorabilia at the Holiday Auction Extravaganza

Premiere Props announced today that they will be auctioning iconic Hollywood memorabilia at their Holiday Auction Extravaganza

Gulf Markets Weekly

UAE stock markets ended the week on a positive note, with the Abu Dhabi Securities Exchange (ADX) being the top gainer out of both...