UAE takes preventive measures to face global financial crisis
President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid...
Signs of Long-term Recovery in Global Economies to Push Equity Markets...
Global equities recorded the worst weekly performance since March as selling pressure was triggered by cautious tone of the US Fed and news of...
BofA revised its gold price forecast for 2013 and 2014
Bank of America Merrill Lynch cut down its gold price forecast for 2013 and 2014. The outlook update was on the back of US...
VAT Registration Easy Through e-Services Portal, FTA Claims
The Federal Tax Authority (FTA) reaffirmed that registering for Value Added Tax (VAT) can be done in three easy steps through the e-Services portal...
USD May Turn Bullish Today
Following yesterday's losses, the US dollar has the potential to stage a bullish correction today providing that this week's Unemployment Claims figure comes in...
Upcoming corporate earnings announcements will influence regional markets
The global markets continued the positive momentum during the week on the back of optimism over a positive outcome from US-China trade talks. Trade...
Investors Cautiously Optimistic, FGB Wealth Sentiment Index
FGB, one of the leading banks in the UAE, has announced the first score of its Wealth Sentiment Index, which stands at 1017.41 for...
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...
MENA IPOs raise US$218.9 Mn in Q3’11, up by 23.6%
MENA IPO Update, regional capital markets raised US$218.9 million in the third quarter of 2011, up by 23.6% from the US$177.04 million raised during the same period in 2010
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...
MSCI extends review for reclassification of UAE from frontier status
MSCI announced it will extend review for reclassification of the U.A.E. and Qatar from frontier status “in order to give additional time for market participants to assess the effectiveness” of the new payment systems in the exchanges.
Sukuk market for GCC companies continues to expand
According to a report by the Kuwait Finance House (KFH), sukuk issuance worldwide amounted to about US $5 billion in July, down from the...
Global Investors Regain Risk Appetite
Investors have regained some appetite for risk with a strong consensus over a U.S. rate rise next month, according to the BofA Merrill Lynch...
DFM benchmark slides 0.32%
Dubai Financial Market General Index (DFMGI) extended its losing streak for the third straight day. It inched down 0.32% with a loss of approx....
MENA Region Opens New Opportunities for Fintech Companies
Middle East and Africa is projected to experience a significant growth in the coming years to reach USD 3.45 billion by 2026.
New fintech firm...
MENA Private Equity Association launches Online Directory
The MENA Private Equity Association has today launched a free directory aimed at entrepreneurs and businesses looking for venture capital funding. Over 50 VC...
First Internet IPO on DFM
After the eruption of the financial crises of 2008, it is no secret for people in business circles, that investors (both retail and institutional)...
Market Cap of Top Five Online Travel Companies Jumped by $54B...
The Covid-19 pandemic has hit the travel industry hard, including online travel agencies, whose revenues and reservations dipped to the lowest point in years...