All Eyes Are on The Strongest Cryptos
Market picture
The crypto market continues to rise, adding 2.3% to the level of 24 hours ago. Bitcoin's capitalisation has surpassed 1 trillion, and its...
Abu Dhabi Securities Market To Become Public Joint Shares Company
President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, issued a law regulating the legal status...
UAE Currently Does Not Intend to Increase VAT
The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...
Easing of Restrictions in Domestic Markets, Recovery in Oil Prices to...
Global equities continued the positive trajectory for the second consecutive week on the back of optimism over gradual reopening of several economies across the...
Historical Evidence For Bitcoin Performing Like Digital Gold
In the first days after the outbreak of the coronavirus crises in the West, crypto plunged like traditional asset classes. Bitcoin was pronounced...
Over-action or Inaction – Both Could Hit Your Wealth
Stress in the financial markets is prompting a growing number of people to make extreme investment decisions that could ultimately hit their wealth, warns...
Bitcoin’s Coming of Age? May’s Historic Halving Taking Place in a...
The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one...
Regional Traders Look To Oil Prices; Coronavirus Containment
Global equity markets observed positive sentiments as investors seem to be encouraged by aggressive monetary policy actions by Central Banks, especially the USD 2...
The Crypto Market Shows No Sign of Stopping
Market picture: Negative momentum in equities after the US inflation report triggered a quick correction but only attracted new buyers who saw it as an...
Consumer Spending in Islamic Economy Sectors Totals US$2.2 Trillion
Islamic economy registers 5.2 per cent growth over previous year
UAE ranks first across five of seven Islamic economy sectors
Investments in Islamic...
ADNEC Group to Organise Bitcoin MENA Conference 2024 in Abu Dhabi
ADNEC Group has announced the launch of the region's first Bitcoin MENA Conference 2024 set to take place December 9-10th in the heart of Abu Dhabi...
Ethereum Nears Recent Turning Point
The crypto market cap remained at $1.65 trillion.
Ethereum was a major growth driver, gaining 1.6% on the day to $2,350 and reversing to the...
UAE Stocks To Have 5% Decline Limit Effective Wednesday
The Securities and Commodities Authority (SCA) has imposed a 5 percent daily lower fluctuation limit for shares effective Wednesday, March 18th, and until further...
Regional Investors to Follow Trends in Global Markets, Oil Prices
Global equities closed in negative territory with US stocks closing at a 6-week low, which was mainly driven by weakness in technology stocks and...
Deadline to Submit VAT Returns Extended to May 28: Federal Tax...
The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May 2020 the deadline of submitting VAT returns...
Dubai FDI announces its Global Promotional Investment Program for 2020
Program to include official trips to US, India, China and Australia
Dubai FDI, the investment development agency of Dubai Economy, has announced its series of...
DGCX Gold Futures Trading Volumes Increase
As the COVID-19 pandemic causes volatile swings in markets across the globe, investors are making increasing use of the Dubai Gold & Commodities Exchange...
Global Financial Markets To Use China’s Recovery As Critical Gauge
Global financial markets will use China’s recovery as a sentiment tracker, affirms Nigel Green as European and Asian-Pacific markets and U.S. futures fell after...