Regional Markets Expected to Trade Lower
Negative performance in the second week of March for six out of the eight major indices with Egypt increasing by a solid 4.4%
Weakness prevailed...
Gold Prices Weekly Outlook: No Big Rally, No Fall
Gold prices closed lower for ninth session in a row last Friday. Strong U.S. employment data reinforced expectations of a Federal Reserve interest rate...
Dubai Financial Market launches ETF trading platform
Platform Falls Under New Regulatory Framework And Adheres To Global Best Practices
The exchange hosts bell ringing ceremony to celebrate the launch of...
FGB Wealth Sentiment Index score up 0.3% in February
Index score increases from 1017.41 in January to 1020.52 in February 2017
FGB, one of the leading banks in the UAE, has announced the latest...
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...
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...
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...
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,...
Bank Chiefs Optimistic About the Future
After years of relentless focus on costs, settlements and regulations, the future of banking is looking brighter, agreed panellists in a session at the...
Investors Cautiously Optimistic, FGB Wealth Sentiment Index
FGB, one of the leading banks in the UAE, has announced the first score of its Wealth Sentiment Index, which stands at 1017.41 for...
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...
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...
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...
UAE to begin implementing G20, OECD procedures for tax information exchange
The Ministry of Finance (MoF) has announced that the UAE will begin implementing the standards of joint disclosures and the exchange of information for...
UAE’s first Wealth Sentiment Index Launched
FGB, one of the leading banks in the UAE, launched the UAE’s first Wealth Sentiment Index at its annual Investment Conference today, which took...
Dubai Business Confidence Index rose 4.9 points
Domestic investments, boosted by preparations for the Expo 2020, along with the tourism and retail sectors continued to prop up business sentiments in Dubai...
Trump presidency could have far-reaching effects on Gulf finance
A Donald Trump presidency in the United States could have far-reaching ramifications for personal finance in the Gulf, according to the financial experts at...
Mobile Money Make International Remittances Cheaper
The GSMA today issued a report entitled, ‘Driving a Price Revolution: Mobile Money in International Remittances’ that looks at the impact of mobile money...