UAE – Markets await the results marathon to regain momentum
Stock market closings varied at the end of last week’s trading amid a state of anticipation for the start of…
Trading, Broking & Stock Exchanges
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UAE Exchange Centre's 3,000 odd employees hope a Finablr takeover will do them good
The 3,000 odd employees of UAE Exchange Centre are starting to see a flicker of hope about their future after…
UAE-Israel accord could bring new sparkle to Dubai diamond trade
The week that Israel and the United Arab Emirates normalized ties, Israeli diamond trader Zvi Shimshi headed to the United…
Gulf markets – Saudi Arabia leads and the UAE retreats due
Most of the Gulf financial markets witnessed increases at the close today, Tuesday, led by the Saudi Stock Exchange, while…
The bankruptcy of Arabtec continues to put pressure on the shares…
The main index of Dubai shares fell, for the second day, by 0.9%, affected by the decline of the leading…
Kuwait Central Bank denies plan to devalue, stands by peg
The Central Bank of Kuwait, which pegs the dinar to a basket of currencies dominated by the US dollar, affirmed…
EBRD invests in Egypt-focused private equity fund
The European Bank for Reconstruction and Development is boosting the resilience of the financial sector in Egypt and supporting equity…
ADDED signs cooperation agreement with ADQ
The Abu Dhabi Department of Economic Development and ADQ have signed a cooperation agreement to support the Abu Dhabi Local…
“GFH” decides to cancel the listing of its shares on the…
The general assembly of the “GFH” Financial Company, listed on the Dubai, Bahrain and Kuwait Stock Exchanges, approved the cancellation…
Turkish lira slides to record low amid Armenian tensions
The Turkish lira hit a record low on Monday amid growing concerns around clashes between Armenian and Azeri forces, while…
‘Relief rally’ pushes equity markets higher; bonds flat
Global equity markets surged and the dollar fell from two-month highs Monday as investors moved into the shares of beaten-down…
Abu Dhabi Commercial Bank to exit operations in China
Abu Dhabi Commercial Bank will exit its operations in China, as the China Banking and Insurance Regulatory Commission has approved…