Finance

Finance

Shine bright like gold – 16% up in the first quarter...

Gold futures advanced on Thursday, on track to mark their best quarterly performance since 1986. June gold gained $8.20, or 0.7%, to $1,236.80, after a...

UAE banks agree on “mini insolvency law” to help struggling SMEs

UAE banks have agreed to halt criminal prosecutions for bounced cheques drawn by small to medium-sized business customers under a “rescue initiative" launched by...

Silver shines brighter than gold as an investment opportunity

Silver prices remained depressed despite that gold has rallied since the beginning of 2016. However, the gold to silver ratio -a key indicator of...

GCC banks report single digit profit growth

Net earnings of GCC banks under Global Investment House's coverage increased 4.7%YoY to USD5.3bn in 4Q15. Net profit of banks in the UAE increased the...

Investment In Later Life: Everything You Need To Know

When it comes to dealing with the financial implications of life, such as starting a family or buying a house, your priorities don’t tend...

Gold Trading with Binary Options

One of the most popular commodities that is traded on the binary options market is gold. Gold is also one of the most popular...

Gold steady near 13-month high; A pullback on the way up?

Gold steadied below last week's 13-month high on Monday. Spot gold was up 0.2 percent at $1,262.05 an ounce by 0646 GMT. The metal...

Dubai, Abu Dhabi lead regional market rally this week

After closing February on a strong note, the first week of March saw buyers doubling down and momentum continuing this current upswing, according to...

Trading volumes on DGCX rose 42% in February

February marked another strong month of trading for the Dubai Gold and Commodities Exchange, DGCX, driven by continued global market volatility and the availability...

DFM General Index rose 8.1% by the end of February

The Dubai Financial Market, DFM, General Index increased by 8.1% to 3,240 points at the end of February compared to 2,998 points at the...

India ranks 3 rd in increase in UHNWI population over...

Mumbai and Delhi slated to move up to ranks 14 and 29 respectively by 2025 Knight Frank today released its 10th edition of the Wealth...

UAE residents in the dark about credit card interest rates

Credit card interest rates in the UAE are misunderstood Nearly two thirds of credit card holders in the UAE are unaware of the interest rate...

Gold on track for biggest monthly gain since 2002

Gold futures advanced on Monday as continued skittishness around stocks fostered demand for the precious metal, which is once again viewed as a haven...

Regional markets to close February in the green as KSA struggles...

Regional markets are showing resiliency for the first time in a long time as they ride out another volatile week and preserve monthly gains....

Gold’s allure intensifies as equities, oil prices turn lower; High demand...

The demand for gold has significantly increased in recent weeks. Sales are driven by the concern of many investors of impending turmoil in the...

Dubai’s financial system electronically linked to Federal Government

On the sidelines of the first Government Financial Coordination Council meeting for 2016 In a bid to meet the requirement of the International Monetary Fund...

Outflows rise in equities; Record influxes into gold funds

According to a new paper by Bank of America Merrill Lynch, volatility seems to be taking its toll on risk assets flows. “Outflows continued...

Al Etihad Credit Bureau automates bank credit report-pulling processes

· Retrieving & using credit data will be streamlined across all users within a bank through full system to system integration. · The automation of...

Could gold price reach $2100 this time?

On September 6, 2011, gold price reached an all-time high of $1921.50. At the time, bullish traders believed the precious metal could power even...

Emaar Properties records net operating profit of US$ 1.193 billion in...

Full-year revenue grows 33% to AED 13.661 billion (US$ 3.719 billion) Recurring revenue from shopping malls & retail and hospitality & leisure businesses in 2015...

Funding the GCC’s infrastructure: is it time for Public Private Partnerships?

Ultra-low oil prices will continue to limit cash available to sovereigns in the Gulf Cooperation Council countries over the near term. Clearly GCC governments...

Kaloti Precious Metals see off tough competition to win Bullion Dealer...

Consumer Power Sees Dubai Bullion Company Scoop International Award After a three-month open public vote in which over 22,000 votes were cast across 5 countries,...

How to survive in economic recession

Spreading economic recession and low crude prices have undeniably impacted many people based in oil producing and exporting countries. The complex nature of aiming...

Gold prices rally as investors seek safe-haven; May climb toward $1,200

Gold prices moved firmly higher on Tuesday as oil futures lost over 5% and Chinese stocks traded sharply lower. Investors sentiment is sharply lower...