GCC banks report marginal growth in profitability, with UAE leading
Net profits of GCC banks under our coverage increased 1.3% YoY to USD4.4bn in 3Q13. On a YoY basis, net profits of banks the...
UBS cut gold, silver price outlook for 2014
UBS Investment Research on Monday slashed its 2014 average price forecast for gold, saying that the yellow metal was unlikely to regain its positive...
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....
GCC equity markets benefit from increased global investment inflows
Frontier markets outperforms emerging markets over the past 2 years
Emerging Markets hedge funds lead Q3 gains
Emerging Markets hedge funds extend YTD gains as local equity, currency markets rebound
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.
Silver demand in fabrication to grow 3.9% in 2013, research says
The silver demand in fabrication is expected to grow 3.9% year-on-year in 2013, boosted by increasing demand from industrial applications, jewelry, silverware and coins...
GCC investors expected to adopt a cautious approach
·GCC markets remained bullish in October
·Global markets extend its rally in October; QE program in focus
·Combined market capitalization increases 1.4%MoM in October
GCC markets extend...
A Record Of 2,170 Billionaires Worldwide Registered
Wealth-X and UBS Billionaire Census 2013 shows Asia as fastest growing region with 18 new billionaires in 2013
UAE Central Bank caps mortgage lending
Mortgage lending regulation allows the country’s banks to provide a loan of up to 80 percent of the property value to UAE nationals and 75 percent to expatriates.
Gold prices strengthen on rising demand
Last Friday, gold futures closed higher, posting a gain of almost 3% on weekly basis. A fall in U.S. consumer sentiment helped lift the...
Middle East investment banking fees up 22%
Thomson Reuters released its investment banking analysis for the Middle East region for the first nine months of 2013.
Gold and silver back in vogue
Last Friday, gold for December delivery fell $8.40, or 0.6%, to settle at $1,314.60 an ounce on the Comex division of the New York...
Investors Concerned That Global Economic Recovery Could Falter
Risk associated with the U.S. economy has escalated, though sentiment towards Europe has improved
Why Now Is Not The Right Time To Invest
Failure by the world’s largest borrower to pay its debt will devastate stock markets across the globe.
UAE bourse merger gathers steam as advisers hired
Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed deal that could...
Dubai Financial Market performance in September 2013
The Dubai Financial Market General Index up 9.5% to 2762.5 points at the end of September compared to 2523.1points at the end of August.
At...
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...