How Will China’s Bitcoin Ban Impact the Cryptocurrency Market? 

Chinese regulators have always taken issue with cryptocurrency. In September, they decided to implement a comprehensive ban on financial platforms that allow people to...

Dubai Investments Raises Foreign Ownership Cap to 49%

Dubai Investments PJSC , the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from...

5 Unexpected Expenses You Should Expect

Having an emergency fund is not so uncommon today. Most people meticulously save for things like holidays, retirement and a special personal treat every...

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...

Gold’s Slump May Continue Next Week

Gold prices dropped to their lowest finish in about four months last Friday concluding the week in a loss.  August gold lost $13.60, or 1.1%,...

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...

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...

2018 Market Outlook: Macro Bullish

Inflation could be a global game-changer for stock and credit markets Global economic growth accelerates BofA Merrill Lynch Global Research issued a bullish macro...

UAE Banks Federation: Tips to Avoid Falling Victim to Scams

Continuing its efforts to raise public awareness of financial fraud and protect consumers’ personal information against unauthorized access and use, the UAE Banks Federation...

Customers Who Pay By Card Less Likely to Remember Paid Amounts

The transparency of spending money depends on the mode of payment used: cash, single-function cards that offer only a payment function, or multifunctional cards...

VAT Calculator, Tax Registration Number Verification Service Now Online

The new services are part of the Authority’s efforts to protect consumers and prevent any attempts at price manipulation and profiteering. The Federal Tax Authority...

NCR First in UAE to Introduce Bitcoin ATMs

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that it has teamed-up with CoinHub, a cryptocurrency exchange in the UAE,...

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...

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...

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...

Strong Oil Prices Expected to Have a Positive Effect on Trading...

For the second week in a row, tech companies powered US markets’ with APPLE’s stellar earnings driving the markets to another set of all-time...

DIFC Reveals New Investment Opportunities

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has today published the “DIFC...

Regional Markets Set for Subdued Trading Activity

International markets ended last week’s trading on a mixed note with trade tensions and the G7 meeting in Canada being the main focus for...