Finance

Finance

Unprecedented interest in Abu Dhabi dual-tranche bonds reported

The Emirate of Abu Dhabi issued a US Dollar 5 billion dual-tranche bond · USD 2.5 billion 2.218 yield due 2021, and USD 2.5 billion...

Dubai Parks and Resorts to raise financing through Rights Issue

Dubai Parks and Resorts is seeking to raise a total of AED2.67bn in additional financing, of which Dh1.68bn is being raised through the Rights...

Once Again! Long-term Bullish on Emerging Markets

Analysts at Bank of America Merrill Lynch reversed their five-year bearish call on emerging markets to a long-term bullish view, predicting that the chumps...

Layoffs in UAE banking industry on the rise

According to recent Reuters and Bloomberg reports, layoffs within UAE's banking industry are on the rise despite that the majority of banks reported strong...

Abu Dhabi Plans Bonds Sale

Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds for the first time in more...

Regional markets rally forward with 2.3% gain last week

Positive oil-related triggers needed to sustain recent upswing After a one-week break, buyers reasserted themselves pushing regional markets, especially those GCC, back in the black,...

Investors turn most bullish in nearly a year

Investors ramped up purchases of stocks and emerging market and inflation-linked bonds in the latest week, turning their most bullish on more risky assets...

Emerging markets hedge funds surge most since May 2009

Emerging Markets hedge funds posted strong gains in March, leading industry-wide gains as equity and commodity markets reversed early quarter declines to conclude the...

DGCX Breaks Several Records in the First Quarter of 2016

First quarter volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 37% from the same period last year, trading more than 4.5 million...

MENA Deal Value Declines in Q1 2016

2016 has gotten off to a fairly slow start in terms of M&A activity targeting companies based in the Middle East and North...

The greenback’s bull market is over and that is good for...

Gold traders will be watching the U.S. dollar and some important technical-chart levels in the week ahead to gauge where the yellow metal is...

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...