Finance

Finance

China stocks slump 7%, triggering shortest trading day in its history

A plunge in Chinese stocks and a falling yuan sent financial markets across Asia sharply lower Thursday. Worries intensified about China's economy and whether...

Emirates NBD new Chairman

Sheikh Ahmed bin Saeed Al Maktoum has been appointed as the new chairman of the board of directors of Emirates NBD bank by virtue...

Gold price recovery to be driven by reduction in supply, appetite...

A gold price recovery driven by reduction in supply could start from the beginning of the second half of 2016 and it is possible...

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,...

DGCX Traded 1.37 Million Contracts in January, $ 33 Billion

The Dubai Gold and Commodities Exchange, DGCX, has traded an aggregate 1.37 million contracts in January, valued at US$33 billion. The exchange recorded its highest...

Exclusive offers on banking products for Dubai Police

Emirates NBD strengthens relationship with Dubai Police with exclusive offers for employees Limited period special offers for Dubai Police staff to increase market share in...

The Currency Report – U.S. Dollar

Dollar Falls to Lowest Level in 2009

Dubai Financial Market gains nearly 100% in 2013

Dubai has a new record to brag about! The city's stock market doubled in value this year. The Dubai Financial Market Index hit a fresh...

Dollar Slide Continues

Interview and discussion with Daniel katzive of the Credit Suisse. He says that the dollar may continue to weaken but that depends on a...

Changes in MENA Tax laws promote better transparency

According to a panel discussion at the recently concluded Ernst & Young’s Middle East & North Africa Tax Seminar 2011 held in Houston, Texas,...

Foreign investors purchase AED 1.131 billion worth of shares on DFM...

Value of shares bought by institutional investors reaches AED 455.6 million during last week, and value of shares sold reached AED 558.5 million. Dubai: Dubai...

State Audit Institution introduces new practices to enforce accountability in...

The UAE Government is committed to improving standards of accountability, according to the head of the UAE State Audit Institution. This month will see the...

Bank of Sharjah signs club term loan facility

Bank of Sharjah announced today that it has signed a USD 135 million (AED 500 million equivalent) club term loan facility with four Mandated...

DFM adds 1.58%

Dubai Financial Market General Index (DFMGI) closed Tuesday’s session on an up note, advancing 1.58%, or 24.25 points, to 1559.92, its highest level this...

Cancer Cover Insurance for Women by Takaful

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today that it now offers a pioneering cancer cover Takaful to all...

Treat sovereign funds equally

Sovereign wealth funds should be treated like any other institutional investor and not have special rules imposed on them, Henry Azzam, head of Deutsche...

MENA 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...

Dubai shares extend rally

Dubai Financial Market General Index (DFMGI) ended in the positive territory for the second consecutive session. It eked out a modest gain of 0.11%,...

Euro Zone Inflation on the rize – Daily Forex Analysis

An interview over the weekend with European Central Bank President (ECB) Jean-Claude-Trichet...

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....

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...

DFM General Index nosedives 4.14%

Dubai Financial Market General Index (DFMGI) ended Wednesday in the red, plunging around 4.14%, or 80 pts, to settle at 1872.81. Accordingly, the Index...

DFM ready to introduce ‘Delivery versus Payment’

Dubai Financial Market (DFM) has announced its full readiness to introduce the new settlement mechanism “Delivery versus Payment” (DvP) by the end of fisrt...

Islamic comprehensive motor insurance launched

Starting from 2.6 % of the vehicle's value A new tempting promotion on motor comprehensive insurance by Methaq In the framework of the persistent initiatives of...