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Ministry of Finance Announces 2nd Auction of Federal Treasury Bonds

The second auction is part of the AED 9 billion T-Bonds issuance program for 2022. Bonds amounting to AED 750 million will be offered for...

UAE currency to be printed on home turf

The Central Bank of the United Arab Emirates and the Emirates Investment Authority (EIA) signed a deal to introduce a mint in the country...

Protests alter forecasts for premium growth in MENA

The political and social unrest in the Middle East and North Africa (MENA) region will affect the insurance industries of each country to varying degrees

DIFC releases report on progress towards GCC monetary union

A new report assessing the progress being made by GCC countries to achieve the convergence criteria for a GCC Monetary Union (GMU) was...

Hedge funds trade in narrow range in April

HFRI April decline pares YTD gains to +4.4 percent Relative Value Arbitrage posts fifth consecutive monthly gain Hedge funds posted a narrow decline to begin 2Q12,...

DFMGI lost 1.16%

Dubai Financial Market General Index (DFMGI) ended in the negative territory for the fifth consecutive session. It lost as much as 1.16% (17.89 points)...

Sale Alert for Billionaires – World’s Smallest Country on the Market

Many celebrities and billionaires have their own island. They are willing spend tons of money to get a piece of land that will be...

Ministry of Finance signs MoUs with ESMA and AJFD

Ministry of Finance (MoF) has announced the signing of memorandum of understanding with Emirates Authority for Standardization and Metrology (ESMA) and with the Financial...

First Gulf Bank Q3 Net Profit rises 8%

Consistent net profit growth for the fifth consecutive quarter, Q3 2011 net profit up 8% compared to same quarter last year and 3% compared...

Foreign investors purchase AED 511.3 mn worth of shares on DFM...

Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (1 - 4 Feb.)...

Interest-free housing loan for UAE Nationals

Mohammed Bin Rashid Housing Establishment (MRHE) and Emirates NBD, the leading bank in the region, signed an agreement today, to support the funding of...
Venom Foundation has been registered as the first crypto foundation in the ADGM, with a license to operate a blockchain and issue utility tokens.

UAE’s Licensed 1st Crypto Foundation to Build an Infinitely Scalable Blockchain...

The project is generating attention in MENA due to its tremendous transactional management possibilities, higher security, and inbound governmental database projects. Venom Foundation has been...

Foreign investors tend to sell on Dubai Financial Market

Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (24 - 28 Jan.)...

Capital markets to close from 2 December for national day

In line with the circular issued by the Federal Authority for Government Human Resources regarding the public holidays on the occasion of the 39th...

Dubai International Financial Centre Celebrates Ranking as 8th Best Global Financial...

· DIFC Governor presides over the iconic bell ringing ceremony, signalling the start of trading at the region’s international financial exchange · Ceremony reinforces Dubai’s...

UAE calls for establishing regional stock market/update

The UAE has called for setting up a regional financial market for the Middle East and East Asia to tackle any future financial crisis. The...

Stock Market Competition 2014 Kicks Off in UAE

Abu Dhabi University & Abu Dhabi Securities Exchange launches “Stock Market Competition 2014” Abu Dhabi University’s College of Business Administration has partnered with Abu Dhabi...

Reinsurance demand strong as primary market expands in MENA region

The reinsurance environment in the Middle East and North Africa (MENA) region is stagnant in many aspects, although it also contains many elements that...