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How Will Asset Management Be Affected by Covid-19 Crisis?

The Covid-19 pandemic is like nothing any of us has ever experienced. The crisis will undoubtedly have far-reaching implications for people, businesses and society...

Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus

Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...

Regional Equity Markets To Remain Under Pressure

Global equity markets performed positively during the week as investors were encouraged by the progress and continued support from the Central Banks. Investors preferred...

Covid-19 Impact on Emerging Market Debt

Covid-19 has rapidly become an economic shock for the global economy. Initially rocking China, global economic expectations changed dramatically in early March, and have...

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...

Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19

Credit misallocation causing lasting risks to economies, and needs course-correction Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...

Recovery in Oil Prices Positive Catalyst for Regional Markets

Global equities performed positively during the week as investors are encouraged by synchronized policy responses by leading Central Banks, and gradual reopening of the...

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...

Number of Bitcoin ATMs Up 70% in a Year, Hit Over...

Recent years have witnessed an impressive growth of the cryptocurrency market, followed by a surge in the number of people trading with bitcoin, as...

MENA Investors Cautious due to Heightened Risk in Geopolitical Environment

Global equity markets closed on a mixed note, taking a breather after a sharp rise in 2019. The heightened geopolitical risk in the Middle...

UAE Central Bank to Cut Interest Rates by 75 Basis Points

The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning 16th March, following US Federal Reserve cuts to...

FAB Implements Support Measures In Response To COVID-19

FAB launches additional financial relief initiatives in a series of clear and decisive actions to safeguard the wellbeing of customers and employees during...

DIFC Reaffirms Commitment to Advancing FinTech Ecosystem

New partnership agreement signed with Tribe Accelerator, the first Singapore government supported Blockchain accelerator to collaborate on knowledge sharing and events DIFC Authority...

Global Sell-off Investors Best Buying Opportunity in a Decade

The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors. The prediction by Nigel Green, CEO and founder of...

Other Major Headwinds – Not Just Coronavirus – Could Hit Your...

To protect and grow wealth, investors need to carefully monitor other major factors – not just coronavirus. The warning from deVere Group’s Nigel Green follows...
Abu Dhabi Securities Market

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...

Dubai Financial Market Officially Launches Dubai Clear, Dubai CSD

The Dubai Financial Market (DFM) (PJSC) today officially launched its new subsidiaries, Dubai Clear (L.L.C.) and Dubai CSD (L.L.C.). Dubai Clear is the region’s...

V-shaped Economic Revival, Fuelled by FOMO

The Fear Of Missing Out (FOMO) is likely to drive financial markets significantly higher in the coming weeks. The prediction from Nigel Green of deVere...