Deyaar Board Reaches Landmark Decision to Distribute Dividends
In a major milestone, the Board of Directors of Deyaar Development PJSC ("Deyaar"), one of the leading real estate developers and service providers in...
Gulf Stocks Slide Deepens Amid Global Selloff
Stock markets in the petrodollar-dependent Arabian Gulf tumbled Sunday to multimonth lows, spooked by sharply lower oil prices and a global equities selloff over...
‘No Coffee for Bitcoin’ Starbucks Clarifies
Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media.
Earlier last Friday,...
A mini bull run for gold?
Gold prices advanced on Monday in electronic trading, moving above last week’s highs as the equity market continued to wobble. A mini bull run...
Commercial Bank of Dubai to provide Factoring Services to corporate and...
Commercial Bank of Dubai (CBD) announced today that it had signed a partnership agreement with Coface Emirates Services Limited to provide Factoring Services to...
Major Financial Entities Remain Bullish on Gold
Morgan Stanley, UBS and BofA see higher gold prices later in 2013
Over the past few months, the economic environment influenced gold prices in...
Emerging Markets most favored by global investors; Equity positioning
The May Fund Manager Survey of BofA Merrill Lynch shows an increase in global investors’ allocations to emerging markets (EM). A net +29% are...
Nasdaq Dubai unveils new rules for IPOs and listed firms
Exchange operator Nasdaq Dubai on Tuesday unveiled new rules for initial public offerings and reporting requirements for listed firms as it seeks to boost...
The best Chief Information Officer (CIO) of the year
Dr. Akl Noun, Head of IT at the Abu Dhabi Investment Company (ADIC) has been selected the best Chief Information Officer (CIO) of...
UAE Ministry of Finance organizes a Train-the-Trainers Course
In a step that aims at developing the skills of the Ministry of Finance’s trainers and HR personnel, the Ministry partnered with...
No Let-Up in Investments Following the 9% Corporate Tax Introduction
Fincasa Capital, the global financial services & Tax advisory firm, expressed its support to the UAE’s new law imposing a 9% corporate tax on...
Musk Still Believes in Bitcoin – He Didn’t Sell Any
Elon Musk’s sudden u-turn regarding Bitcoin on Twitter - which sent prices plummeting by 30% - could be more of a PR stunt than...
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...
Ministry of Finance meets training centres for employee development
Ministry of Finance held annual meeting with a number of development and training centres, to better familiarize itself with different training partners
Gulf markets expected to advance during the week
Analysts expect positive week for the Gulf markets, after the Ministerial Council of the Gulf Cooperation Council for the Arab Gulf States decided at...
Global Investing Programme for next generation of UHNWs
Merrill Lynch Wealth Management today announces the launch of its annual Global Investing Programme (GIP) for the next generation of Ultra High Net Worth...
Markets tumble; Spot the buying opportunities!
Saudi shares dropped 5.5 percent to their lowest close in nearly five months, weighed by petrochemical and banking shares. The market slump followed global...
Most investors believe fiscal cliff is not yet priced in to...
BofA Merrill Lynch Fund Manager Survey Finds - U.S. Fiscal Cliff Dampens Rising Economic Optimism
While positive sentiment towards the global economy and equities continues...