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23 July 2024

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Allow higher foreign stakes: ADX

Denying that foreign money had fled the Abu Dhabi Securities Exchange (ADX) in the wake of the global economic crisis,

UP foreign ownership cap to 25%

Dubai's Union Properties said on Monday that its board of directors had recommended increasing the cap on how much

RAK Bank to double foreign ownership to 40%

National Bank of Ras Al Khaimah (RAK Bank) shareholders will meet on May 1 to decide whether to raise the foreign


Lankan minister to meet expats in Dubai

Sri Lanka’s Minister for Foreign Employment Promotion and Welfare Dilan Perera along with a 11-member entourage of


Riyal revaluation could boost Saudi bourse

A decision by Saudi Arabia to revalue its riyal against the ailing US dollar could briefly boost the Kingdom’s bourse

GCC set to maintain dollar peg 'for now'

Gulf oil producers will likely maintain a long-standing peg between their currencies and the US dollar before they

Will some of UAE's remittance firms cease to exist this year?

Money exchange companies in the UAE have another two or so months to comply with the revised capital requirements from

Hot money not behind FX reserve leap: China

A $453 billion (Dh1.66 trillion) increase last year in China's foreign exchange reserves partly reflected currency


'Allow foreign ownership'

UAE national companies need to tear down barriers for foreign owernship to attract more international capital into the

Iran weighs reform to stem currency crisis

Iran is hoping that radical reform of its currency market will help to stabilise the rial, which has been badly

India top trade partner of UAE

The Ministry of Foreign Trade said UAE's non-oil foreign trade rose by 33 per cent in 2007 compared to the previous

Foreign investors stock up again

Foreign investors are back in action on the UAE stock exchanges. A latest report shows that foreign ownership in 27