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23 July 2024

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China's forex reserves fall for first time in five years

China's foreign exchange reserves, the world's largest, have fallen for the first time in five years, according to the

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Abu Dhabi bourse rebrands, eyes foreign listings

  The Abu Dhabi Securities Market said on Tuesday it changed its name to the Abu Dhabi Securities Exchange (ADX) as

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Remittances to India under strict scrutiny

  Exchange houses in the Gulf catering to non-resident Indians (NRIs) have begun to take a second look at their clients

Nearly all UAE's $33bn forex reserves 'in dollars'

The UAE Central Bank holds nearly all of its foreign exchange reserves, worth around $33 billion (Dh121bn), in US

Companies form group to resolve common problems

Money remittance companies in the UAE have come together as an industry group to address the common problems they are

Demand for foreign currencies surges as residents travel abroad for vacations

Money exchanging houses in the UAE are reporting increased demand for all foreign currencies. The officials at the

Currency trading volumes surge as investors avoid bonds and equities

Foreign exchange traders in the UAE have a boom time as banks, traders and investors have flocked to deal in major

Saudi ETFs to include debt, commodities

Saudi Arabia will allow its planned exchange-traded funds (ETFs) to include Islamic bond and commodity instruments in

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Abu Dhabi to list foreign ETFs this year

The Abu Dhabi Securities Exchange (ADX), in the midst of rebranding drive to lure foreign firms, said on Sunday that

Mawarid Finance takes over H&A Exchange

Mawarid Finance on Monday said it had acquired 90 per cent of H&A Exchange. The exchange company is launched under the

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China's foreign exchange reserves touch $1.8 trillion

China's foreign exchange reserves, the biggest stockpile in the world, rose $126.7 billion (Dh468.3bn) in the second

No word on etisalat India unit fine

The UAE’s telecommunication firm Etisalat has not yet received any official notification from India on a planned Dh6.24