Search Results for: Dubai
Man arrested for an allegedly $300 million Forex Ponzi scheme scam
January 4th, 2017
The arrest of a man who allegedly peddled a $300 million (Dh1.1 billion) Ponzi scheme as a foreign currency trading programme has come as a ray of hope for residents, many of whom have lost their entire life’s savings ...
Job hiring in UAE picks up pace, to rebound in 2017
December 29th, 2016
After a prolonged slump, recruitment activity in the UAE started to pick up in the last quarter of the year, further strengthening expectations of a rebound in the job market in 2017. Recent online job postings show that the ...
ADX introduces the Technical Short Selling service by the beginning of 2017
December 28th, 2016
Abu Dhabi Securities Exchange (ADX) has started the technical short selling service by conducting meetings with brokerage companies in Abu Dhabi and Dubai, in order to begin the official introduction early next year. “This service is part of continuing ...
Gold Standard Approved for Islamic Finance, Opening New Market
December 6th, 2016
Standard is ‘ground-breaking initiative’: World Gold Council SPDR Gold Trust, biggest ETF backed by gold, may qualify Gold is acceptable for the first time as an investment in Islamic finance after the group that sets standards for the industry ...
Kuwait ranks among top ten Middle East cities to live in
December 5th, 2016
In a new survey by Bayt.com titled ‘Top Cities in the Middle East and North Africa’, Kuwait City ranked among in the Top 10 Cities to live in. In Kuwait City, 40 percent of the citizens were happy about ...
Oil price rally likely short-lived as OPEC deal not enough to reduce glut
December 2nd, 2016
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United ...
6 key trends that will shape the UAE real estate industry
November 28th, 2016
Propertyfinder Group’s inaugural UAE Real Estate Trends report shows a continued undersupply of affordable villas in Dubai is pushing up prices in this segment, enabling it to outperform a broadly lackluster market that remains pressured by low oil prices ...
US dollar rise may end soon, says top banker
November 28th, 2016
The dollar’s awe-inspiring ascent since Donald Trump’s surprise win in the US elections may soon come to an end because the greenback is starting to look overvalued compared to its battered peers, forecasts Mario Camara, the head of the ...
Gold prices are likely to drop further
November 21st, 2016
Dubai: Gold fans in Dubai can expect more buying opportunities to open up, as prices are likely to drop further amid rising expectations that a rate increase in the United States is more likely to happen before the end ...
Tax Experts Wanted in U.A.E.
October 20th, 2016
U.A.E. Ministry of Finance advertising about 30 tax jobs Gulf Arab monarchies to impose value added tax by 2018 The United Arab Emirates is setting up a federal tax authority that will be in charge of collecting levies, as ...
