High Gold Price Comeback
Gold price touched $1,420 an ounce last week, a three-and-half month high, as escalating tensions in the Middle East, volatile currency markets and renewed...
Goldman Sachs finalizes ADX-DFM merger study
Goldman Sachs has completed a study on the merger of Dubai Financial market (DFM) and Abu Dhabi Securities Exchange (ADX), Al Bayan newspaper reported.
The...
Middle East Finance Professionals Most Stressed Worldwide
Despite relatively steady economic growth, many financial professionals working in the Middle East still experience work-related stress. According to a survey conducted by eFinancialCareers,...
EU growth concerns send riskier assets tumbling
Higher-yielding assets turned bearish on Friday, as slowing economic growth throughout the euro-zone led to risk aversion among investors. Of particular concern is the...
Bank frauds on rise
Dubai banks customers have been asked to be on alert following recent cases of rise in illegal money transfers. A series of credit card...
Liquidity improving within the banking system
Though the days of easy credit are a distant memory, there is evidence that liquidity is improving, as the economy emerge from the shadow...
Dollar gains as central banks stay put
The U.S. dollar rose against major currencies in late New York trading this week, while central banks' decisions to keep monetary policy unchanged disappointed...
Barclays opens Islamic window in Dubai International Financial Centre
Barclays Bank plc announced today that it has received approval to operate an Islamic Window in the Dubai International Financial Centre (DIFC), enabling it...
Emirates NBD opens first Private Banking Centre in Abu Dhabi
Expansion of bank’s Private Banking services in line with increasing client demand
In line with increasing demand for its bespoke wealth management solutions,...
Leading American bank sells international wealth management business to Swiss private...
International Wealth Management Businesses outside the United States to be Sold to Julius Baer Group
Bank of America Corporation announced today that it has agreed...
SCA approves secondary listing of Abu Dhabi Government’s bonds on ADX
Abu Dhabi has successfully established confidence among investors and its economy
UAE Real Estate Bank established
New entity to provide strong growth platform for real estate financing
Combined entity will be Sharia-compliant
UAE Ministry of Finance has announced that it started...
LUUP and Emirates International Exchange to Roll Out Comprehensive Mobile Wallet...
Luup International Ltd., a leading mobile payments solutions provider of Norwegian origin, and Emirates International Exchange (EIE), a leading exchange house in the United...
Hedge Funds begin 2012 with strong gains
Emerging Markets gain +5.3 percent, leading broad-based advance
Hedge funds opened 2012 by posting broad-based gains in January, with the HFRI Fund Weighted Composite Index...
Abu Dhabi to dual list its bonds on ADX
The Department of Finance announced it will be registering Abu Dhabi’s bonds for secondary listing on the Abu Dhabi Securities Exchange.
DIFC proposes New Mortgage Model
The proposed Model involves private residential mortgages being funded by the issuance of standardised bonds, creating a large and liquid mortgage bond market.
Emirates NBD Asset Management fixed income funds perform strong
Emirates Islamic Money Market Fund ranks amongst top
10 per cent of US Dollar Money Market funds globally
Sharia-compliant Emirates ...
CFA Emirates congratulates new charterholders at Annual Charter award ceremony
Last night the President and Board of CFA Emirates, the association for financial and investment professionals, hosted its annual charterholder ceremony at the Burj...