By Rajive Singh DUBAI: Africa Finance Corporation (AFC) has carried out a $150 million Islamic financing transaction on the Murabaha platform of Nasdaq Dubai, the international financial exchange serving the Middle East and Africa. The […]
By Rajive Singh ABU DHABI: Ups and downs in the UAE stock markets dominated today’s session amid liquidation margin, driving the general index of Abu Dhabi Securities Exchange up by 0.34 per cent or 4,653 […]
ABU DHABI The UAE Central Bank has announced that the money supply aggregate, M1 (currency in circulation outside banks and monetary deposits in current accounts and call accounts at banks), increased by 1.3 per cent, […]
ABU DHABI Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM), have temporarily suspended trading in shares of companies for not submitting preliminary financial results for 2016. DFM suspended trading in shares of some […]
ABU DHABI (WAM) — Foreign investors’ purchases in Abu Dhabi Securities Exchange (ADX) in January 2017 reached AED 3.13 billion, representing 40.4 percent of total buy trades, whereas their sell stood at AED 2.723 billion, […]
Country Example: The Philippines By: Zigfred Diaz “Robert Reich, once observed ‘most minimum wage workers aren’t poor.’ He is right.” – Johny Isakson, U.S Senator (Robert Reich is former U.S department of Labor Secretary) Minimum […]
ADNOC Distribution announces gas cylinder prices for February ABU DHABI (WAM) — ADNOC Distribution has announced the new retail price of un-subsidised LPG cylinders for February 2017. As per the announcement decided on the 10th […]
In a major sweep to end corruption in India, Prime Minister Narendra Modi has announced that starting midnight, the existing Rs.500 and Rs 1,000 notes can no longer be used for transactions. People possessing these […]
UAE expatriates are starting to move away from investments in US dollars (USD) as the American Presidential Election draws closer. In the last week, Dubai-based Globaleye has seen investors increasingly look to put earnings into […]
Gulf Cooperation Council (GCC) countries are expected to keep their currencies pegged to the US dollar due to their massive financial assets, a Saudi bank has said. Currency pegs remain under pressure in the region […]