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23 July 2024

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Indians hold on to dirhams as rupee stays strong

The weakening of dollar and dirham against the Indian rupee is prompting expatriates to hold back regular money

Global bourse mergers a wake-up call to UAE

A wave of mega-mergers between the world’s major stock exchanges might persuade policymakers in the UAE to push ahead

Gulf bourses chase global alliances and shun M&A

The much-needed consolidation of Gulf stock exchanges is expected to be delayed, with regional bourses focusing instead

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Fall in euro rates likely to bring down medicine prices

Unexpected developments in the foreign exchange market and the sharp weakening of euro against dollar and dirham will

UAE's money changers face shake out

Some money exchange firms in the UAE may have to merge and others could be forced to close as they struggle with rising

Currency traders flock to Dubai

Dubai is fast emerging as a major trading hub for foreign exchange with traders from the United States and Europe

ADX has no plans for joint-stock firm

Abu Dhabi Securities Exchange (ADX) has ruled out moves to become a joint-stock company or purchase joint-stock

Abu Dhabi, Manama bourse to list ETFs in 2009

The bourses of Abu Dhabi and Manama plan to list the region's first exchange traded funds (ETFs) despite a slump in

DFM and Nasdaq Dubai to host investors in New York

Dubai Financial Market (DFM) and Nasdaq Dubai will hold the Borse Dubai International Investor Conference New York 2009

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Revaluation rumours dampen IPOs

(SALEM KHAMIS)   The uncertainty surrounding any revaluation of the dirham against the US dollar is delaying new

Shareholders of UAE Exchange secure Dh3.26-billion loan

The majority shareholders of UAE Exchange and Travelex have closed a $890 million (Dh3.26 billion) loan that will be

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Kuwait appoints first stock market regulator

Kuwait has appointed its first independent regulatory body, the Capital Market Authority, to oversee its stock exchange