Non-tax revenues can generate at least 10% of GDP in UAE
Given the volatility and unpredictability of oil prices, the primary economic strategy for all GCC countries is to diversify government income and reduce dependency...
EMAAR DEVELOPMENT Now Included into DFM General Index
Dubai Financial Market announced that the shares of EMAAR DEVELOPMENT will be added to its general index (DFMGI) and to sector indices as of...
Investors Concerned about Overvaluation in Equity, Bond Markets
Investors see growing overvaluations in equities and bonds and have signaled concern about a valuation bubble forming, according to the BofA Merrill Lynch Fund...
Abu Dhabi Priced a USD 10.0 billion International Bond Offering
Abu Dhabi successfully prices USD 10.0 billion multi-tranche bonds, demonstrating strong investor confidence in its unique and solid credit fundamentals
· The bonds priced at...
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...
DFSA Issues General Investor Statement on Cryptocurrencies
The Dubai Financial Services Authority (DFSA) wishes to draw investors’ attention to certain new and evolving online offerings. These product offerings tend to involve...
Trading volumes on DGCX rose 42% in February
February marked another strong month of trading for the Dubai Gold and Commodities Exchange, DGCX, driven by continued global market volatility and the availability...
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...
VAT Registration Easy Through e-Services Portal, FTA Claims
The Federal Tax Authority (FTA) reaffirmed that registering for Value Added Tax (VAT) can be done in three easy steps through the e-Services portal...
Financial systems across the world are stalling
World Economic Forum Financial Development Report 2012 shows that financial systems across the world are stalling
Hong Kong tops the Financial Development Index; top six...
$773 billion worth ADIA bullish on diversifing emerging markets
The Abu Dhabi Investment Authority, ADIA, today published its 2013 ADIA Review, providing a thorough overview of its activities over the past year and...
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...
No Imminent VAT Introduction in UAE
An official statement carried by the Emirates News Agency provided an update on value-added tax discussions in the UAE. The statement confirmed that the...
DIFC releases report on progress towards GCC monetary union
A new report assessing the progress being made by GCC countries to achieve the convergence criteria for a GCC Monetary Union (GMU) was...
UAE looks forward to direct debiting
According to sources from within the banking industry, a new federal direct debiting system has been introduced by the UAE Central Bank. Last week,...
Unprecedented interest in Abu Dhabi dual-tranche bonds reported
The Emirate of Abu Dhabi issued a US Dollar 5 billion dual-tranche bond
· USD 2.5 billion 2.218 yield due 2021, and USD 2.5 billion...
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...
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...