Coronavirus-triggered Recession Will Change How We Live, Do Business and Invest
The recovery from a coronavirus-triggered recession will usher in a new era in which how we live, do business and invest will fundamentally change,...
Precious Metals May Drop 8% Over 12-Month Period
Goldman Sachs Group Inc., a full-service global investment banking and securities firm which recommendations are capable of moving financial markets, yesterday pared its 12-month...
Trading activity expected to be subdued during Ramadan
Global equity markets witnessed mixed performance during the week. The US economy is rebounding after a soft patch. The Fed has decided to keep...
Best Corporate Card for businesses
Emirates NBD wins award for ‘Best Corporate Card’ at Smart Card Awards Middle East
Awarded for distinctive expense management features, and control and savings capability
First...
Next-generation mobile payment solution launched in UAE
Emirates NBD, Etisalat and Visa launch next-generation mobile payments solution - MoneyMobile
Development of contactless payments using Visa payWave via mobile device
NFC mobile payments solution...
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...
Investment Opportunities and Risks Resulting From Global Drought
New Stock Screen Introduced for Drought-related Issues
The ongoing drought is the worst in the United States since at least 1956, with 63 percent of...
FAB Shareholders Approve Distribution of 74% Cash Dividends
All agenda items approved by shareholders, including distribution of cash dividend of 74 fils per share
New elected FAB board expands from 9...
Investors Selectively Lowering Risk After Bond Sell-off
Global investors have less appetite for higher risk exposures, particularly in the U.S., according to the BofA Merrill Lynch Fund Manager Survey for May.
While...
Abu Dhabi Plans to Set Up a Financial Free Zone
Abu Dhabi is preparing to establish a financial free zone which will be similar to the one in Dubai. The aim of this financial...
GCC Markets Performance in August 2013, Report
· GCC markets lose steam in August on global cues
· Global markets decline on Syria concerns
· Combined market capitalization falls 1.6%MoM in August
GCC markets...
Crude Oil Trades Near 29-Month High as Middle East Unrest Continues
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As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also...
Funding the GCC’s infrastructure: is it time for Public Private Partnerships?
Ultra-low oil prices will continue to limit cash available to sovereigns in the Gulf Cooperation Council countries over the near term. Clearly GCC governments...
Oil prices whipsaw as regional markets weigh macroeconomic conditions
Oil declines to $50 a barrel after news on Russia’s no deal with OPEC
After the major OPEC news last week, oil reacted positively and...
DGCX Breaks Several Records in the First Quarter of 2016
First quarter volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 37% from the same period last year, trading more than 4.5 million...
Dubai to Host 2021 World Forum for Foreign Direct Investment
Conway, Inc. announced that it has awarded the Dubai Investment Development Agency the opportunity to host the 18th World Forum for Foreign Direct Investment...
World’s oldest insurance rating company sets up office in DIFC
A.M. Best is pleased to announce that it has obtained the necessary approvals to establish within the Dubai International Financial Centre in Dubai, UAE....
DAFZA is Ranked First Globally by the Financial Times’ fDi Magazine
Dubai Airport Freezone (DAFZA) has been ranked 1st globally by the Financial Times’ fDi Magazine, Global Free Zones of the Future Rankings and Awards...