Search Results for: UAE
BDO’s Global Revenues Pass US$8 Billion
December 14th, 2017
BDO announced its global financial results for the year ended 30 September 2017, a total combined fee income* of US$ 8.1 billion / € 7.4 billion, representing a year on year growth of 8%, at constant exchange rates. BDO’s ...
U.S. Oil Prices Dipped On Increased Drilling
November 27th, 2017
U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut would be extended. U.S. West Texas Intermediate (WTI) crude ...
DGCX and Ayedh Dejem Group to launch the Middle East’s first-ever Sharia compliant Spot Gold contract
August 21st, 2017
The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from the Kingdom of Saudi Arabia, have agreed to develop and launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an ...
Oil prices update: Rising U.S. oil output affect the OPEC-led cuts
June 16th, 2017
Oil sits near half-year lows as global supply overhang weighs Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets. ...
Oil prices fell for a third day on Tuesday
June 6th, 2017
Oil prices slide over worries Middle East rift will undermine output cuts Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push ...
Forex firm shut down for fraud, CEO jailed, but now open again and seeks investments
May 11th, 2017
MMA Forex which duped hundreds out of millions of dirhams seeks investments all over again as CEO returns after more than 3 years in jail Nearly five years after it was shut down and its Pakistani CEO subsequently convicted ...
DFSA host seminar on FinTech in the Middle East
May 10th, 2017
The Dubai Financial Services Authority (DFSA) hosted an outreach session on the opportunities financial technology (FinTech) presents in the Middle East. The seminar was held jointly with the FinTech Hive at DIFC, Hawkamah Institute for Corporate Governance and the ...
DCCC launches “Active Risk” Risk Management System
May 9th, 2017
The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
Mobile payments on the rise across GCC, officials say
May 5th, 2017
Online payments, including mobile payments and e-commerce, are set to become a crucial part of the digitisation wave currently sweeping across the GCC, according to a number of industry executives in attendance at the event. “Major trends include subscription ...
