Search Results for: UAE
Saudi Arabia warned financial assets may be drained within five years
October 22nd, 2015
The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit. The fund lowered its projection for Gulf growth to 3.3 per cent this year, down from ...
DGCX Q3 Volumes Up 36% with Trading in Gold Leading the Way
October 6th, 2015
Q3 trading in Gold products grew 71% from Q2 Q3 trading in Indian Rupee portfolio grew 37% from Q2 Highest Open Interest recorded with 110,145 contracts in Q3, growing 143% from Q2 Year-to-date volumes grew 19% and year-on-year volumes ...
Gulf businesses expect to keep hiring despite lower oil price
September 28th, 2015
Businesses operating in the Arabian Gulf have so far shrugged off the impact of lower oil prices on their hiring policies, with 80 per cent of them expected to take on new staff, according to new research released by ...
IG Group opens first Middle East office in Dubai
September 11th, 2015
New office will give UAE investors 24 hours a day access to over 10,000 financial markets Two thirds of UAE residents want to learn more about trading financial markets IG Group (‘IG’), the world’s leading online trading company, announces ...
DIFC reports impressive growth in first half of 2015
September 9th, 2015
Total number of registered companies up 8.3% to 1,327 140 new licensed companies and a combined workforce of 18,521 178,376 sq. ft. of net commercial office space leased in 2015 Ground-breaking of 11th office building in The Gate District ...
Qatari trade surplus falls in July due to oil and gas price volatility
August 31st, 2015
Qatar’s trade surplus fell last month, largely because of tumbling oil and gas prices. It dipped 1.4 per cent from June to 14.3 billion Qatari riyals (Dh14.4bn) and plunged 55.6 per cent from July last year, according to a government report ...
Gold price likely to average $1,025 an ounce this year
August 31st, 2015
UAE dirham continues to rise against other currencies as US dollar picks up strength Gold’s retail prices in Dubai continued to hold steady on Sunday although analysts are expecting the bullion to resume its weakness following the recovery of ...
Arabian Gulf markets lose $58 billion as weak oil and global equity rout spark sell-off
August 24th, 2015
Billions of dirhams were wiped off the value of Dubai shares yesterday, as stock markets across the Arabian Gulf lost US$58 billion on a day of calamitous trading. The sharp sell-offs came in the wake of sliding oil prices ...
Saudi Arabian stocks tumbled entering a so-called death cross
August 18th, 2015
Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing Saudi Arabian stocks tumbled, entering a so-called death cross, after the International Monetary Fund said the drop in oil prices may force spending cuts and curtail the kingdom’s ...
Gold price rises to $1,117.80 an ounce
August 18th, 2015
Analysts attribute increase to Chinese yuan devaluation The global prices of gold moved higher on Monday, causing retail prices in the UAE to edge slightly higher by less than a dirham per gram. Retail gold rate in Dubai went ...
