UAE's Sharjah, Ras Al Khaimah to negative
S&P Global Ratings has lowered its outlook to negative from stable for Sharjah and Ras Al Khaimah, two of the…
Trading, Broking & Stock Exchanges
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DMCC hosts virtual briefing with UAE Ambassador to China
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC joined a virtual briefing call this morning with His…
Real estate, insurance equities drag QSE
The Qatar Stock Exchange yesterday fell below 8,500 levels, mainly dragged by real estate and insurance equities. The increased…
DubaiFinancial Market launches new ESG Index consisting of 20 companies
Dubai Financial Market has launched the UAE Index for Environment, Social and Governance to encourage listed companies in the UAE…
Too much oil, nowhere to put it: US crude plunges to 1 cent a barrel
American crude faced wipeout on Monday as US traders confronted the reality of a world awash with oil and nowhere…
Qatar government debt ‘mitigated’ by ‘credible’ currency peg: Moody’s
Qatar’s high government debt and a relatively high share of foreign-currency debt is “mitigated by a credible” currency peg to…
Abu Dhabi Islamic Bank in secondary market blockchain trade finance deal using TradeAssets
Yesterday, the Abu Dhabi Islamic Bank announced it completed a secondary market transaction using blockchain trade finance platform TradeAssets. …
Arab Africa Trade Bridges Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis
The International Islamic Trade Finance Corporation and its partners have approved an AATB Program Action Plan to support African and…
Turkey’s banking watchdog slashes limits on banks' FX transactions
Turkey’s banking watchdog said Sunday it was slashing the limit for banks’ foreign-exchange swap, forward and option transactions with foreign…
Banks can't save Gulf economies
As the COVID-19 pandemic's economic damage continues, governments around the world are trying to intervene in the financial sector to…
ADIB first Islamic bank to use Blockchain for trade distribution
Abu Dhabi Islamic Bank, a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance…
Foreign, Gulf funds’ outlook extends bearish run on QSE
Foreign and Gulf funds’ bearish outlook yesterday extended the bearish run on the Qatar Stock Exchange for the third straight…