Unusual Favorite Summer Hobby: Financial Planning
My favorite summer hobby is probably an unusual one compared to most people my age. As a 21 year old just graduating from college(and...
New system limits personal loans to 20 times a person’s monthly...
UAE Central Bank announced today that it has adopted a new system of bank loans and other services provided to individual clients.
The announcement came...
Crypto Businesses Now Able to Set Up at DMCC in Dubai
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of...
UAE’s GDP set to expand 3.5% this year
The UAE's GDP is set to expand 3.5 percent this year against 2.8 per cent in 2018, thanks to a stimulus package worth AED50...
Have you heard that secondary mortgages are temporary suspended?
"Dubai Bank today suspended all approvals of mortgages for secondary market purchases. Until further notice they will only lend for off plan developments. Several...
Middle East Credit Reporting Association formed
1. Non-profit voluntary organisation to create awareness and promote credit reporting in region
2. Neutral body to facilitate credit information sharing on companies and individuals...
Central Bank announces increase in money supply
The Central Bank of UAE announced today that the money supply M0 (currency in circulation + currency at banks) increased by 2.3%, from AED...
Bankruptcy and Financial Restructuring Law to apply to individuals in UAE
Bankruptcy and financial restructuring law’s jurisdiction will extend to include individual, civil debt cases, and debt instances concerning certain professionals such as doctors, lawyers and others.
Pride and Frustration in Gulf Banks
Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the...
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...
Foreign investors purchase Dhs1.852bn worth of shares on DFM during the...
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (13 - 17 Dec.)...
Dubai Gold and Commodities Exchange extends trading hours
Exchange will open 30 minutes before Indian exchange traded currency derivatives markets
DGCX participants will have 30 minutes of trading time overlap with the Asian...
Oil Producing Countries Bullish on Oil Price
Traders said Japan would continue to be closely watched by financial markets at least for the next few days, because of Japan's nuclear emergency...
Regional stock markets to rebound by the end of May
Stock markets in the GCC have been impacted by the current regional civil unrest in the Arab world, with company valuations discounted compared...
DGCX Indian Rupee Options Contract available for trading
Dubai Gold and Commodities Exchange’s (DGCX) announced the trading on its newly launched Indian Rupee Options Contract to start from tomorrow (September 26).
The contract...
First Mergers & Acquisitions Global Report Launched
Report’s key finding is that effective people management can drive value in M&A Transactions
Mercer, the global human resources consultancy, has developed and released it’s...
GFH announces the appointment of executive Chairman and new capital program
Gulf Finance House B.S.C. (GFH) today announced the appointment of Esam Janahi as Executive Chairman and the launch of a new capital program.
Following...
Why Invest in Physical Gold
Investing in physical gold bullion safer than mining companies stockPossessing physical gold is one of the best ways for every investor to stabilize his...