Premier UAE Aesthetics Clinic to Accept Payment in Cryptocurrency
Idoneus & Skin111 ink historic deal making it the first clinic to accept the cryptocurrency.
Industry-leading blockchain-based luxury asset ecosystem Idoneus announced today a strategic...
UAE Central Bank to launch discount window for banks
The United Arab Emirates central bank aims to develop its monetary policy framework by launching a discount window to enable banks to borrow intra-day...
UAE stock markets outperform world’s top bourses in January
Both UAE's financial markets - Dubai Financial Market and Abi Dhabi Securities Exchange - took the first ranking among global bourses in January 2013....
Non-tax revenues can generate at least 10% of GDP in UAE
Given the volatility and unpredictability of oil prices, the primary economic strategy for all GCC countries is to diversify government income and reduce dependency...
Regional equity markets expected to be positively influenced by global markets...
Global equity markets closed the week on a positive note on the back optimism over the progress in trade talks between the US and...
The Central Bank plans Dirham-Dollar Swaps to support banks
The United Arab Emirates central bank said on Wednesday it would provide UAE dirham-U.S. dollar swap facilities to banks to further support the banking...
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...
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...
Region’s Largest Open Banking Platform Launches In UAE
MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai
Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...
DFM, ADX to close on Thursday
The Securities and Commodities Authority (SCA) has announced the financial markets nationwide will close on Thursday 30th June to mark the anniversary of Isra'a...
Dubai Banks Announce Business Relief Package
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai banks have come...
Nine out of ten UAE home buyers now end-users
Nine out of ten home buyers in the UAE are now end-users, representing a significant shift in the country’s real estate sector, according to...
Unprecedented interest in Abu Dhabi dual-tranche bonds reported
The Emirate of Abu Dhabi issued a US Dollar 5 billion dual-tranche bond
· USD 2.5 billion 2.218 yield due 2021, and USD 2.5 billion...
2018 Market Outlook: Macro Bullish
Inflation could be a global game-changer for stock and credit markets
Global economic growth accelerates
BofA Merrill Lynch Global Research issued a bullish macro...
U.S. Stocks Jump Most in Year on Europe Loan Package
Bloomberg's Adam Johnson and Dominic Chu report on the performance of the U.S. equity market today. Stocks rallied, with benchmark indexes advancing the most...
DFMGI advances on low trading volumes
Benchmark adds over 9 pts
Dubai Financial Market General Index (DFMGI) ended in the green, edging up 0.6%, or almost 9.3 points, to 1567.12, according...
Upcoming corporate earnings announcements will influence regional markets
The global markets continued the positive momentum during the week on the back of optimism over a positive outcome from US-China trade talks. Trade...
Coronavirus & Economic Crisis: 3 Possible Paths Forward
Volatility looks like a mainstay for the coming months. Analysts at the private investment bank JPMorgan Chase & Co. outline three paths forward from...