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23 July 2024

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DIFX plans dirham listings to boost liquidity

Dubai International Financial Exchange, where company shares are listed in dollars, may allow companies to list their

Success of UAE mediation to exchange captives between Russia and Ukraine

The Ministry of Foreign Affairs has announced the success of the UAE's mediation regarding the exchange of captives


China to send envoy to Syria on Fri

China's Foreign Ministry said it would send a senior diplomat to Syria for talks on Friday, days after Beijing said the


Non-UAE investors to keep markets bullish

Foreign funds and institutions will continue to support the UAE stock markets' bullish pattern this week, analysts said

South Korea unveils currency controls

South Korea's finance ministry yesterday announced tightened regulations on foreign exchange transactions to stabilise


South Africa ratings may stay: Moody's

Moody's Investors Service said it probably will not change South Africa's sovereign ratings over the next 18 to 24

Wage system to only cover dirham salaries

The UAE Central Bank has clarified that the newly introduced wages protection system (WPS) will entertain only salaries

Dubai Airports strengthens foreign exchange offering with extended Travelex partnership

Dubai Airports and Travelex, one of the world’s largest currency exchange network, this week solidified a five-year

Aldar foreign ownership raised to 49%

Aldar Properties announced today that its Foreign Ownership Limit, FOL, has been increased to 49%, from 40%, following

No time set for foreign entry

Saudi Arabia is yet to finalise a timeframe for when it will open up its stock market for direct foreign ownership, the


Kerry mourns lack of positive steps in Ukraine

Secretary of State John Kerry is telling the Russian foreign minister that he is deeply concerned over what he


China approved 88 FII by March to invest $17bn

China has approved 88 foreign institutional investors (FII) as at March 31, to invest a total of $17.07 billion (