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Massive assets boost Saudi riyal

Saudi Arabia controls in excess of SR2 trillion in net foreign assets and this provides a good cover for its massive

Sarkozy begins two-day visit on Monday

President Nicolas Sarkozy of France will begin today a two-day state visit to the UAE. President His Highness Sheikh


ODH to issue Egypt depositary receipts

Swiss-based Orascom Development Holding (ODH) has been approved to list Egypt's first depositary receipts on the

Snapshots: British PM Cameron in the UAE

British Prime Minister David Cameron, on a tour to the UAE on Monday, said the Emirates is a strategic partner of the

Adib opens round-the-clock counter service

Abu Dhabi Islamic Bank (Adib) has launched the country's first 24-hour counter service. Its branch at Abu Dhabi

UAE sticking to dollar peg: CB

The UAE Central Bank (CB) yesterday used the launch of an updated website to renew its commitment to the dirham's peg

China serious about yuan improvement

China is committed to improving its exchange rate system based on domestic and international economic conditions, a

China wary of boosting gold holdings

China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market

China currency reserves increase, show bets on yuan

China's foreign-exchange reserves rose by the most in four months in March, suggesting a renewed appetite from overseas

TRENDS signs cooperation agreement with HUFS Institute of Middle East Studies

TRENDS Research and Advisory has signed a Memorandum of Cooperation (MoC) with the Institute of Middle East Studies at

UOB Bullion and Futures joins DGCX

The Dubai Gold and Commodities Exchange (DGCX) announced on Thursday that UOB Bullion and Futures (UOBBF), a wholly-


ADX to host Market Maker Conference

Abu Dhabi Securities Exchange (ADX) announced that it will be hosting its first conference for the year 2014 under the