Managing liquidity risk is crucial for UAE banks, say global...
1. Global Association of Risk Professionals hosts Dubai forum
2. Forum hosted By GARP and FRSGlobal in partnership with Emcredit
3. Banks’ collective actions in addressing...
“A good performance for the Gulf Premier Fund and the Gulf...
Talal Al-Tawari, Head of GCC Equities Division at Gulf Investment Corporation has said that "the Gulf Premier Fund", the first of its kind in...
If you are into stocks, follow the big money
Higher energy prices, Japan supply chain disruptions and fear of continuous depreciation of the U.S. dollar were supposed to scare investors off tacking risks...
MENA Private Equity Association launches at DIFC
The MENA Private Equity Association announced its official launch at the Dubai International Finance Centre this week.
UAE stock markets outperform world’s top bourses in January
Both UAE's financial markets - Dubai Financial Market and Abi Dhabi Securities Exchange - took the first ranking among global bourses in January 2013....
Goldman Sachs cuts recommendation on global equities to ‘neutral’
Goldman Sachs has grown cautious on global equities in the near term. Last week, the investment bank cut its recommendation on equities investments to...
DFMGI advances on low trading volumes
Benchmark adds over 9 pts
Dubai Financial Market General Index (DFMGI) ended in the green, edging up 0.6%, or almost 9.3 points, to 1567.12, according...
Citi reports security breach; 360 000 credit cards were affected
US banking giant Citigroup had told its clients that about 360,000 credit cards were affected by an online hacking attack in May.
Citigroup reported that...
Dubai International Financial Centre Authority splits to prepare for next phase...
The Board of Directors of the Dubai International Financial Centre Authority (DIFCA) today announces changes to its structure and its senior management team responsible...
The introduction of VAT will be delayed
A senior official at the Federal Customs Authority Saeed Khalifa Saeed Al Marri, Deputy Director-General of the UAE Federal Customs Authority, was quoted by...
Liquidity stable in UAE banks
Real estate loans at the UAE banks stood at AED173 billion at the end of last year.
As liquidity is stable in the UAE banks,...
Global Gold Demand Reinforced by Asian Consumers
The World Gold Council published a market update recently, which examines the effect of the recent fall in the gold price. The report also provides...
S&P upgrades Emaar rating on recurring income
The good performance of Dubai-based property company Emaar Properties PJSC's leasing and hospitality assets, and fewer handovers of developments, has raised the proportion of...
UAE Central Bank slashes rates on re-purchase of Certificate of Deposit
The UAE Central Bank announced today that it has slashed the rate on its re-purchase of Certificate of Deposit (REPO) by 50 basic points...
UAE Residents to Spend 2024 Bonus on Retirement, Real Estate
As the UAE's workforce eagerly anticipates their annual bonuses, a recent survey by market research company YouGov, commissioned by Zurich International Life, part of...
Swinging oil price and UAE stock markets
Saudi Arabian shares dropped the most in a week, snapping four days of gains, on concern that swinging oil prices will affect the economy...
Dubai Mercantile Exchange sets new records in July
The Dubai Mercantile Exchange Limited (DME) announced today that it set two new trading records during the month of July 2011. The exchange not...
MAG Group Holding Records Over AED 12.6 Billion Sales in 2023
MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across...