Next-generation mobile payment solution launched in UAE
Emirates NBD, Etisalat and Visa launch next-generation mobile payments solution - MoneyMobile
Development of contactless payments using Visa payWave via mobile device
NFC mobile payments solution...
FTSE NASDAQ Dubai UAE 20 Index rises 23% on higher share
The FTSE NASDAQ Dubai UAE 20 share index extended its run of recent gains last week to close 23.3% higher than at the end...
UAE bank deposits top a trillion
The UAE's Central Bank announced that total bank deposits in the country increased by 1.5 percent during the month of December 2011 to close...
Money supply in UAE decreased
The UAE's Central Bank announced that money supply M0 (currency in circulation + currency at banks) decreased by 2.1 percent. from AED 53.2 billion...
Dubai Financial Market General Index up by 20.5 percent
The Dubai Financial Market General Index increased by 20.5 percent to 1730.4 points at the end of February compared to 1435.7 points at the...
Dubai Mercantile Exchange announces new trading records
February sees highest monthly trading, best average daily volume and busiest day in exchange’s history
The Dubai Mercantile Exchange (DME), the leading energy futures exchange...
Middle East CFO Optimism at two year low in Q4 of...
Global CFO optimism is wavering, according to a recent study by Deloitte entitled ‘Q4 2011 Global CFO Signals Report’. Conducted on a semi-annual basis...
Sovereign Financial Institutions taxation discussed in Abu Dhabi
Numbers of Sovereign Financial Institutions increased to as many as 40 worldwide since 1950s
Sovereign Financial Institutions potential growth expected to range between US$6 and...
Dubai Financial Market records net profit of AED 8 Million in...
Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2011. The company recorded a net profit of AED...
Big Money Mystery: Billionaire dines with top notch financer
Billionaire Khalaf Al Habtoor, Chairman of Al Habtoor Group, met with Steve Schwarzman, Chairman and CEO of Blackstone Group, on February 21, 2012.
The two...
Dubai Mercantile Exchange gets support from existing Investors
Global derivatives marketplace CME Group and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, will increase their investments in the...
UAE ranked second top frontier market on Bloomberg Markets
According to the results of Bloomberg Markets’ first ranking of the most-promising emerging and frontier markets for investors, the United Arab Emirates ranked second...
World’s oldest insurance rating company sets up office in DIFC
A.M. Best is pleased to announce that it has obtained the necessary approvals to establish within the Dubai International Financial Centre in Dubai, UAE....
Trade Gold in Electronic Form from Dubai, UAE
Enables customers to buy gold in electronic form
Operates like foreign currency account designated with XAU currency code
Focus on Emirates NBD customers with existing current...
Number One Brokerage Firm in UAE
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial group, announced today that ADIB Securities, its brokerage subsidiary, was ranked number one brokerage firm...
UAE to establish Institution for Registration of Mortgage Capital Assets
Proposal for a new law regarding guaranteed mortgage transactions
Establishment of electronic guarantees record; creating awareness; providing training sessions
In line with its commitment to promote...
Investors positioned for further risk rally
Investors positioned for further risk rally
Investors are positioned for a continuation of the recent risk rally. Latest BofA Merrill Lynch Global Research report found...
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...