Net foreign investment on DFM reaches AED 102.6m between 7-11 June
Dubai Financial Market (DFM) announced today that the value of stocks sold by foreign investors during last week (7-11 June) reached AED 2.845 billion...
DFMGI rose 0.99%
Dubai Financial Market General Index (DFMGI) ended today’s session in the positive territory. It added as much as 0.99%, or 15.5 pts to 1578.08,...
DGCX 2012 Volumes Reach All-Time High of 9.6 Million Contracts
2012 volumes rise 137% from 2011 to trade 9,601,553 contracts
Currency futures volumes reach 8,880,403 contracts, up by 149%
Gold Futures rise 42% from last year...
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...
Hedge Funds conclude strong Q1
Gains across Equity, Event & Arbitrage strategies offset Macro declines in March;
HFRI Fund Weighted Composite concludes best 1Q since 2006
Hedge funds performance was essentially unchanged...
Take a new look at venture capital
Venture capital is just hitting its stride
The venture capital model is not dead, but it has changed during the past years. In 2009, Silicon...
Gold demand strong; predicted prices around $2000
Gold temporarily succeeded to recover some of the losses from the sizeable sell-off in early May, but fell back late Friday to end the...
Local IPOs in the pipeline
A number of local initial public offerings (IPO) is planned for the coming months amid ripe valuations and investor appetite for UAE stocks.
Earlier this...
Abu Dhabi Department of Finance hosts workshop on ‘New Government Accounting...
Abu Dhabi Government department accounting is being unified to ensure improved consistency, transparency and accountability
DoF has taken lead...
Interest-free housing loan for UAE Nationals
Mohammed Bin Rashid Housing Establishment (MRHE) and Emirates NBD, the leading bank in the region, signed an agreement today, to support the funding of...
Abu Dhabi’s Department of Finance and Statistics Centre- Abu...
the Department of Finance (DoF) recently entered into a cooperation agreement with the Statistics Centre – Abu Dhabi (SCAD). The agreement aims to strengthen ties between the two parties and will help facilitate better exchange of statistical data and business intelligence
Western Union and Amazon to Launch New Way to Pay
The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, today announced it is has been engaged by Amazon to launch...
UBS cut gold, silver price outlook for 2014
UBS Investment Research on Monday slashed its 2014 average price forecast for gold, saying that the yellow metal was unlikely to regain its positive...
Central Bank reduces interest rate on liquidity support facilities to 1.5%
H.E. Khalil Mohamed Sharif Foulathi, Chairman of the Board of Directors of the Central Bank of UAE, announced today that, with effect from Tuesday,...
Secrets of Kuwaiti Ultra High Net Worth, Revealed by a Swiss...
Research conducted by Heinrich Weber, Swiss Banker and author of ‘The Ultra High Net Worth Banker's Handbook,’ estimates that there are 150...
Global Investment Roundup
Dow Chemical Posts Steep Loss; Motorola Suspends Dividend, Lowers Forecast; Bank of Japan Buying Local Bank Shares; Automakers Suffer Through Worst Month Since 1982;...
Correlation between UAE’s and global equity markets remains positive
Average correlation of Abu Dhabi and Dubai markets with the global markets remains positive during the years of a financial downturn.
The UAE equity markets...
UAE ranked second top frontier market on Bloomberg Markets
According to the results of Bloomberg Markets’ first ranking of the most-promising emerging and frontier markets for investors, the United Arab Emirates ranked second...