Dirham-Pegged Stablecoin Revealed
Executives from the Abu Dhabi-based company Phoenix and Tether today announced the launch of a new Dirham-pegged stablecoin, projecting a significant development in the...
Bitcoin’s April Trading Volume 7x Higher than Apple’s
Data acquired and calculated by Finbold indicates that bitcoin's trading volume of $1.84 trillion in April 2021 is at least 7.4 times higher compared to...
UAE Central Bank kicks off Direct Debit System
Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...
Gold Demand Trends; Highest Central Bank Buying in 50 Years
Annual gold demand gained 4% on highest central bank buying in 50 years
Gold demand in 2018 reached 4,345.1t, up from 4,159.9t in 2017 and...
Emirates NBD Launches IPO Subscription Website
Fully digital platform to support investor participation ahead of upcoming listings on DFM
Individual investors to benefit from seamless, paperless journey from subscription to payment
Real-time...
24 Fintech to Host Top Government Officials and Global Finance Leaders
24 Fintech summit will feature 175 hours of expert-led content delivered by prominent speakers from leading Saudi and international financial institutions; including Financial Sector...
UNCTAD World Investment Forum 2020 to Take Place in Abu Dhabi
Abu Dhabi to host United Nations forum on investment and technology for sustainable development
This December 6-10, Abu Dhabi will welcome government leaders, global CEOs...
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...
Gold spot price at $1,515
Gold price climbed to a record high in Asia today, in a seventh consecutive session of gains. Spot bullion prices rose $10.70 to $1,515.40...
Crypto Market Crash – Industry Reaction
The cryptocurrency market has recently experienced significant turbulence, marked by sharp declines in major crypto assets and heightened volatility. In the past 24 hours,...
FAB Shareholders Approve Hefty Cash Dividend
First Abu Dhabi Bank (FAB) concluded its Annual General Meeting (AGM) today at FAB’s headquarters in Abu Dhabi. All items on the agenda were...
Kuwait Stock Exchange suspended trading until November 17
The Kuwait Stock Exchange suspended trading after a court ordered its closure to protect investors from further losses, reported Bloomberg.com. The bourse's main...
Deyaar Board Reaches Landmark Decision to Distribute Dividends
In a major milestone, the Board of Directors of Deyaar Development PJSC ("Deyaar"), one of the leading real estate developers and service providers in...
Fundamental Analysis vs. Technical Analysis
A lot of people are now trying to accumulate more wealth through forex and stock trading. If you are planning to make money in...
The World’s Biggest Sovereign Wealth Funds
The Norwegian Government Pension Fund is the largest of any sovereign wealth fund in the world. According to data from the SWF Institute, the...
Allianz Global Wealth Report 2024: Surprising Relief
Surprising relief: Global financial assets of private households increased by 7.6% in 2023, more than making up for the losses of the previous year
No...
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...
Deflating news for men: Women Better Investors
A new study by Barclays Capital and Ledbury Research found that women were more likely to make money as investors in the financial markets,...