UAE bourses in uptrend
In an interview with Radio Mubasher, Hammam Al Shamaa, Economic Consultant at Al-Fajer Securities LLC said that the UAE stock markets would likely undergo...
Gold spot price at $1,515
Gold price climbed to a record high in Asia today, in a seventh consecutive session of gains. Spot bullion prices rose $10.70 to $1,515.40...
DFM Index gained 97.4 pts in 7 sessions
Dubai Financial Market General Index (DFMGI) extended its rally to the seventh straight session, inching up 0.26%, or 4.32 points, to 1652.76. The benchmark...
Tasweek discusses key mortgage marketing developments at Cityscape Abu Dhabi
Tasweek Real Estate Marketing and Development, a leading property advisor and solutions provider, says that easy access to mortgage financing has helped sustain Abu...
New personal loans system from May 1, 2011
A new retail loan system announced by the Central Bank earlier in 2011 aiming at regulating personal lending will be enforced on May 1,...
DFM still sparkling
Dubai Financial Market General Index (DFMGI) maintained its winning streak for the fourth session in a row, pulling ahead 0.63%, or 9.98 points, to...
Emirates Securities Markets to implement DVP from April 28
The Emirates Securities and commodities Authority (SCA) has announced that stock markets in the UAE will start operating the Delivery Versus Payment (DVP) service...
Bank frauds on rise
Dubai banks customers have been asked to be on alert following recent cases of rise in illegal money transfers. A series of credit card...
Shockonomics for asset allocators: Global Asset Allocation
A recent report from BofA Merrill Lynch Global Research highlights latest investment trends and concerns.
To "risk-on" or to "risk-off"?
Despite a large number of unexpected...
Investment in gold is timeless
Gold is perhaps the world’s most liquid investment trading throughout the world daily. The market never closes and you can buy and sell the...
UAE bourses in uptrend
The both UAE stock markets, both DFM and ADX, recently have been moving in an uptrend.
Profit taking or "correction" is normal in the course...
Interest rates on mortgages sliding
The international banking giant HSBC has become the latest lender to cut interest rates in the UAE. HSBC brought down rates on conventional and...
GoldMoney Completes “GoldMoney Standard†Testing
GoldMoney, one of the world’s largest providers of physical bullion for investors, has completed testing of all the gold bars stored for customers in...
Central Bank announces increase in money supply
The Central Bank of UAE announced today that the money supply M0 (currency in circulation + currency at banks) increased by 2.3%, from AED...
AMAN’s AGM approves 7.5% bonus shares
Dubai Islamic Insurance and Reinsurance Company (AMAN) has successfully concluded its Annual General Meeting (AGM) yesterday (March 22, 2011) at ‘The Emirates Towers’ Hotel...
UAE banks must refrain from offering loans over the phone
In recent news and regulations issued from the central bank of the UAE, another restriction has been implemented on the banking sector.
All banks must...
Methaq Takaful to inaugurate new branches
Methaq Takaful Insurance Company will inaugurate two new branches in Al Ain and Jebel Ali Free Zone shortly.
The move is compatible with the company's...
flydubai ties up with Al Fardan Exchange
flydubai, Dubai’s first low cost airline, has signed an agreement with Al Fardan Exchange to allow customers to pay for their flights at any...