Coronavirus-triggered Market Correction Could Hit Complacent Investors
Investors remain complacent about an imminent Coronavirus-triggered market correction of up to 10 percent, warns the CEO of one of the world’s largest independent...
Investors Should Be Cautious Due to Rising Global Markets Uncertainty
Global equities performed negatively during the week on the back of weak economic data, worries of a second pandemic wave and the timid recovery...
Easing of Restrictions in Domestic Markets, Recovery in Oil Prices to...
Global equities continued the positive trajectory for the second consecutive week on the back of optimism over gradual reopening of several economies across the...
Progress on The Fight against COVID-19 to Drive Investors Sentiments
Global equity markets performed negatively during the week as a sharp decline in oil prices and Q1 2020 earnings weighed on investor sentiments. The...
UAE Currently Does Not Intend to Increase VAT
The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...
Abu Dhabi Securities Market To Become Public Joint Shares Company
President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, issued a law regulating the legal status...
Consumer Spending in Islamic Economy Sectors Totals US$2.2 Trillion
Islamic economy registers 5.2 per cent growth over previous year
UAE ranks first across five of seven Islamic economy sectors
Investments in Islamic...
Historical Evidence For Bitcoin Performing Like Digital Gold
In the first days after the outbreak of the coronavirus crises in the West, crypto plunged like traditional asset classes. Bitcoin was pronounced...
Regional Traders Look To Oil Prices; Coronavirus Containment
Global equity markets observed positive sentiments as investors seem to be encouraged by aggressive monetary policy actions by Central Banks, especially the USD 2...
Bitcoin’s Coming of Age? May’s Historic Halving Taking Place in a...
The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one...
Is Bitcoin Set to Have a 2017-style Mini Boom This Year?
Bitcoin’s price is set to “surge before the end of 2020” with investors keen not to “sleepwalk” through a 2017-style mini-boom, says Nigel Green,...
DGCX Gold Futures Trading Volumes Increase
As the COVID-19 pandemic causes volatile swings in markets across the globe, investors are making increasing use of the Dubai Gold & Commodities Exchange...
UAE Stocks To Have 5% Decline Limit Effective Wednesday
The Securities and Commodities Authority (SCA) has imposed a 5 percent daily lower fluctuation limit for shares effective Wednesday, March 18th, and until further...
Regional Investors to Follow Trends in Global Markets, Oil Prices
Global equities closed in negative territory with US stocks closing at a 6-week low, which was mainly driven by weakness in technology stocks and...
Top 10 Companies Hold $15 Billion in Bitcoin, 4% of Total...
Bitcoin has witnessed a major spike in 2020 hitting new price levels recorded almost three years ago. With the price surge, Bitcoin demand is...
Global Financial Markets To Use China’s Recovery As Critical Gauge
Global financial markets will use China’s recovery as a sentiment tracker, affirms Nigel Green as European and Asian-Pacific markets and U.S. futures fell after...
Dubai FDI announces its Global Promotional Investment Program for 2020
Program to include official trips to US, India, China and Australia
Dubai FDI, the investment development agency of Dubai Economy, has announced its series of...
Deadline to Submit VAT Returns Extended to May 28: Federal Tax...
The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May 2020 the deadline of submitting VAT returns...