Optimistic Forecast: UBS Sees Gold Price Averaging $1,350 in 2017
Swiss bank UBS forecasts gold price to average $1,350 an ounce in 2017, characterizing the metal as “down but not out” after significant declines...
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...
Emirates NBD wins Marketing Department of the Year at 2011 International...
Also recognised as Distinguished Honoree for “Truth and Reality” Campaign
Highlights achievement of Emirates NBD’s international brand building strategy
Recipients of International Stevie Award trophies were...
Goldman revises gold price forecast for 2014
Gold prices will probably drop at least 15 percent next year as commodities face increased downside risks even as economic growth in the U.S....
Gold Bulls on the rise, Goldman
The proportion of Middle East based investors interested in gold appears to be increasing substantially, according to Goldman Sachs Asset Management Chairman Jim O'Neill.
O’Neill,...
UAE’s Central Bank governor clarifies mortgage regulations
The circulars sent by the Central Bank setting the maximum value of mortgages for foreigners and nationals at 50% and 70% of the property...
Policybazaar, Al Etihad Credit Bureau to Run Real-Time Credit Score Eligibility...
PB Fintech FZ (‘Policybazaar UAE’), an online financial aggregator has entered into a technical/API integration with Al Etihad Credit Bureau (AECB) to implement real-time...
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...
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,...
Standard & Poor’s Leaders’ Forum 2011 will be held in Abu...
Under the patronage of the UAE Ministry of Economy, Standard & Poor's Leaders’ Forum will be held on 15th November 2011 in Abu Dhabi....
Gold prices expected to rise next week
Spot gold finished 1.1% higher at $1,238 an ounce on 3 January. Prices inched up 0.3% a week ago, when the metal remained on...
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...
American Express® Middle East launches ‘Choose your Prize’ campaign
Campaign to make using American Express Cards even more rewarding
Monthly raffle draw gives Cardmembers flexibility to select prizes that match their lifestyles
In line with...
Regional Traders Look To Oil Prices; Coronavirus Containment
Global equity markets observed positive sentiments as investors seem to be encouraged by aggressive monetary policy actions by Central Banks, especially the USD 2...
Paris Gallery plans IPO
Dubai-based group Paris Gallery, which stocks a $300,000 perfume among its luxury products, announced that it is planning an initial public offering. It said...
Late payments on the rise in UAE
During the past few months, more UAE companies are reporting late payments as liquidity tightens due to the prolonged effect of low oil prices...
Bloomberg announced launch of a Bloomberg Islamic Finance Platform
Bloomberg Professional® service executives today announced the launch of a Bloomberg Islamic Finance Platform (ISLM), a comprehensive solution designed to increase transparency, better connect...
Gold Prices To Remain Range-bound on US Dollar’s Bounce
Gold price retreated by the end of the last week since it settled on Tuesday at $1,279.40. Its highest level since June 8. It...