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UAE Expats Sent Home AED164.3 Billion in 2017

Expats remittances from the UAE amounted to AED164.3 billion during 2017, a growth of 2.2 percent from AED160.8 billion in 2016. According to a report...

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...

Customers Who Pay By Card Less Likely to Remember Paid Amounts

The transparency of spending money depends on the mode of payment used: cash, single-function cards that offer only a payment function, or multifunctional cards...

Fitch affirms ratings of 11 UAE Banks

“The affirmation of the banks' Long-Term IDRs, Support Ratings and Support Rating Floors, except for Emirates Islamic Bank PJSC (EI) and Commercial Bank International...

5 Unexpected Expenses You Should Expect

Having an emergency fund is not so uncommon today. Most people meticulously save for things like holidays, retirement and a special personal treat every...

How to earn more money in 2016

In the beginning of 2016, "How to earn more money" is a dilemma for many people. Improving your income is one of the best...

Investors Won’t Chase Gold Markets Next Week

Gold markets broke out to the upside past week. As of now, the market looks bullish and traders expect gold prices to reach towards...

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...

S&P affirms Abu Dhabi’s ratings

S&P Global Ratings affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the Emirate of Abu Dhabi; The...

Why You Need to Create Multiple Streams of Income

In uncertain times, people often fear that they may lose their jobs from one week to the next. But those who have managed to...

Physical Gold Demand Hit 7-Year Low in 2016

After three years of losses, gold prices rebounded in 2016. As a result physical gold demand dropped 20 percent, its lowest since 2009, according...

Start Path Global Startups Forecast a Fintech Future

Mastercard Start Path Global Startups Forecast a Fintech Future Applications currently being accepted for Start Path Global 2017 summer class Today, Mastercard announced opening...

DGCX Traded 1.37 Million Contracts in January, $ 33 Billion

The Dubai Gold and Commodities Exchange, DGCX, has traded an aggregate 1.37 million contracts in January, valued at US$33 billion. The exchange recorded its highest...

Optimistic Forecast: UBS Sees Gold Price Averaging $1,350 in 2017

Swiss bank UBS forecasts gold price to average $1,350 an ounce in 2017, characterizing the metal as “down but not out” after significant declines...

US Federal Reserve System Raises Base Interest Rate

The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...

5 Tips To Ensure Your Financial Investments Are Safe

The law governing financial crimes right across the UAE has been tightened up with the establishment of the Dubai Economic Security Centre. This body,...

Emerging Markets Retail Banking Growth Slows

Retail bank growth across 12 emerging markets, referred to as the EM12, will slow according to a new report titled “Playing to Win, Retail...

Industrial Commodities Prices to Surge in 2017

Tight supply, strong demand boosts energy, metals prices The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017,...