Dubai’s financial system electronically linked to Federal Government
On the sidelines of the first Government Financial Coordination Council meeting for 2016
In a bid to meet the requirement of the International Monetary Fund...
Outflows rise in equities; Record influxes into gold funds
According to a new paper by Bank of America Merrill Lynch, volatility seems to be taking its toll on risk assets flows. “Outflows continued...
Al Etihad Credit Bureau automates bank credit report-pulling processes
· Retrieving & using credit data will be streamlined across all users within a bank through full system to system integration.
· The automation of...
Could gold price reach $2100 this time?
On September 6, 2011, gold price reached an all-time high of $1921.50. At the time, bullish traders believed the precious metal could power even...
Emaar Properties records net operating profit of US$ 1.193 billion in...
Full-year revenue grows 33% to AED 13.661 billion (US$ 3.719 billion)
Recurring revenue from shopping malls & retail and hospitality & leisure businesses in 2015...
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...
Kaloti Precious Metals see off tough competition to win Bullion Dealer...
Consumer Power Sees Dubai Bullion Company Scoop International Award
After a three-month open public vote in which over 22,000 votes were cast across 5 countries,...
How to Survive in Economic Recession
Spreading economic recession and low crude prices have undeniably impacted many people based in oil producing and exporting countries. The complex nature of aiming...
Gold prices rally as investors seek safe-haven; May climb toward $1,200
Gold prices moved firmly higher on Tuesday as oil futures lost over 5% and Chinese stocks traded sharply lower. Investors sentiment is sharply lower...
Why Opt for Property Management in Dubai
Full property management in Dubai is lately considered as the ideal choice for first time investors or those who live in other cities, or...
Valued over $1 trillion Saudi Aramco IPO could go global
As part of a privatization drive, Saudi Arabia is considering an IPO of Saudi Aramco, the world’s biggest crude oil producer, deputy crown price...
Gold prices poised to strengthen in the week ahead
Gold prices will aim higher next week on the back of a renewed market volatility.
Despite that the Comex February gold futures were unable to...
Investors Significantly Less Confident in Global Economic Outlook
With increasing concern over China’s growth, investors are significantly less confident in the global economic outlook, according to the BofA Merrill Lynch Fund Manager...
Gold price recovery to be driven by reduction in supply, appetite...
A gold price recovery driven by reduction in supply could start from the beginning of the second half of 2016 and it is possible...
53 percent of UAE residents don’t think they earn enough to...
A new survey on the saving habits of UAE residents revealed that 53 percent of respondents don’t think they earn enough money to allow...
Barclays cuts 2016 gold and silver price forecasts, but safe haven...
In its latest forecast, Barclays has pegged average gold prices at $1100/oz for 2016 (compared to previous forecast of $1,150/oz), $1200/oz for 2017.
"Overall, while...
A few tips for property investors in 2016
2015 was a year of speculation and fluctuation, from oil prices to interest rates. But the global economic recovery, by and large, maintained an...
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...