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DFM Index plunges nearly 2.5%

Dubai Financial Market General Index (DFMGI) has slumped 2.47% till today’s mid-trading, with a loss of 38.27 points to 1474.32. Traders comment that this...

Gulf markets expected to advance during the week

Analysts expect positive week for the Gulf markets, after the Ministerial Council of the Gulf Cooperation Council for the Arab Gulf States decided at...

Crude Oil Trades Near 29-Month High as Middle East Unrest Continues

// As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also...

UAE markets should follow Saudi shares rebound

// Saudi Arabia's index made its largest gain in more than two years today, after the country's finance minister sought to reassure nervous investors. The...

Dubai shares slump to 7-year low

Dubai’s benchmark index fell to the lowest in almost seven years, as concern political unrest may spread to Saudi Arabia, the Arab world’s largest...

US Dollar Remains Weak despite Dip in Commodity Prices

This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly...

Unrest in Libya Boosts Crude Oil to $99.90

Last week's most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in...

UAE market regulator will launch draft rules on short-selling

The UAE market regulator SCA will launch draft rules on short-selling "very soon", as a latest step aimed at boosting dwindling trade and helping...

USD May Turn Bullish Today

Following yesterday's losses, the US dollar has the potential to stage a bullish correction today providing that this week's Unemployment Claims figure comes in...

Dollar Falls as Risk Appetite Rises

The euro gained against the U.S. dollar and Japanese yen in late trading Tuesday as stronger Japanese equities prompted investors to buy back the...

Dollar Rallies on US Employment Data

The dollar was up versus the major currencies following disappointing non-farm payrolls numbers, highlighting the difficulties the Federal Reserve faces in reducing US unemployment. USD Non-Farm...

DFM ready to introduce ‘Delivery versus Payment’

Dubai Financial Market (DFM) has announced its full readiness to introduce the new settlement mechanism “Delivery versus Payment” (DvP) by the end of fisrt...

MENA Weekly Markets Overview

The political turmoil is Egypt has escalated despite measures being taken by the President. Global Investment House of Kuwait expects regional markets to react...

Further Bearish Movement Expected for USD Today

The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch...

Euro Reaches Two-Month High Against USD

The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as...

DFM benchmark slides 0.32%

Dubai Financial Market General Index (DFMGI) extended its losing streak for the third straight day. It inched down 0.32% with a loss of approx....

EUR Dives from Investor Pessimism

The euro's downturn against its rivals yesterday was brought on at the start of this week's trading by reduced optimism regarding the EU rescue...

US Dollar gains from reduction in US federal deficit

A positive element to emerge from yesterday's economic events from the United States was a reduction in the Federal Budget Balance, from a deficit...