Search Results for: Dubai Financial Market
World Economic Outlook (WEO) UPDATE
January 20th, 2015
Cross Currents Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...
Gold is the New Cash: Weak Currencies Cause Gold Prices to Soar
January 20th, 2015
Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz. One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading ...
IG Group today announces Interim Results for the six months ended 30 November 2014
January 20th, 2015
IG Group Interim Results six months ended 30 November 2014: Operating and Financial Summary Strong first half results following a very subdued first quarter Net trading revenue(1) up 8% at £197.4 million Profit before tax up(2) 2.8% to £101.4 ...
DGCX Gold Futures climb 22 per cent in November
December 16th, 2014
November volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 19 per cent from the same period last year, trading 981,925 contracts, valued at $28.5 billion. DGCX’s flagship contract, Gold Futures traded 46,066 contracts in November, recording a ...
Islamic finance body IIFM launches collateralised murabaha standard
November 17th, 2014
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost use of a sorely needed liquidity management tool for Islamic finance institutions. The standard will serve as an alternative to repurchase ...
Oil price slide threatens energy subsidies in Arabian Gulf states
November 10th, 2014
Low oil prices may lead Arabian Gulf states to issue additional debt and cut energy subsidies, according to the ratings agency Standard and Poor’s. “If there’s a prolonged oil price correction, corporate and government-related entities may have to change ...
The UAE’s pressing need for legislative reform
November 10th, 2014
There is no doubt that, in the past 15 years, the UAE has managed to build what is, by any standards, the most developed infrastructure, the highest quality of life, the most diversified economy, and the most efficient government ...
IMF update on the UAE economy
November 6th, 2014
At the conclusion of the visit, Mr. Finger issued the following statement today in Dubai, “Economic recovery has continued at a solid pace, supported by construction, logistics, and hospitality. Ongoing public projects in Abu Dhabi and continued strength in ...
DIFC Investments prices $700 million Sukuk
November 5th, 2014
Ahead of the Sukuk issuance, DIFCI was assigned a BBB- issuer credit rating by S&P. Shortly after receiving its credit rating, DIFCI undertook an extensive marketing strategy covering Abu Dhabi, Dubai, Hong Kong, Singapore, and London. The main aim ...
National Bank of Oman highlights distinctions between conventional and Islamic finance
October 22nd, 2014
“The GCC countries have committed to actively strengthening their positions in the Islamic finance market, with Saudi Arabia currently in the lead. We, at the National Bank of Oman, have been doing significant work in the Islamic finance domain ...
