gold bars

Dubai gold prices down for second day

Retail rates drop by Dh2 per gram in two days as US dollar strengthens Gold extended its loss for the second straight day, dropping by as much as Dh2 ... Read More

Dubai private sector growth hits five-year low amid ‘travel and tourism contraction’

Dubai’s private sector recorded its slowest growth in more than five years last month. Expansion of business activity was at a 68-month low with a slowdown in the travel ... Read More

Gold price to test $1,100 level this week

Gold’s retail prices in Dubai have dropped by nearly Dh2 per gram in one week The gold price could spike down again to test the $1,100 level this week ... Read More

IG Group opens first Middle East office in Dubai

New office will give UAE investors 24 hours a day access to over 10,000 financial markets Two thirds of UAE residents want to learn more about trading financial markets ... Read More

Dechert enters Saudi Arabia with Hassan Mahassni association as Shearman opens in Dubai

After Saudi Arabia‘s liberalisation of its capital markets, Dechert has established a presence in the Kingdom by forming an association with the Law Firm of Hassan Mahassni. Shearman & ... Read More

Gold price likely to average $1,025 an ounce this year

UAE dirham continues to rise against other currencies as US dollar picks up strength Gold’s retail prices in Dubai continued to hold steady on Sunday although analysts are expecting ... Read More
UAE stock market

UAE shares rise sharply in line with US and oil price recovery

UAE shares rose sharply on Thursday morning, on the back of US and Asian stock markets, and a rebound in the price of crude oil. Dubai’s headline index surged ... Read More

Mideast Stocks Fall as Saudi Arabia Mulls Budget Cut on Oil Drop

Dubai’s benchmark gauge is biggest decliner in region Brent crude has dropped almost 60 percent in 12 months Most Middle Eastern stock markets declined amid mounting concern the region’s largest ... Read More
Emirates Global Aluminium-EGA

Emirates Global Aluminium to spend $5bn boosting capacity

State-owned Emirates Global Aluminium (EGA) is spending US$5.2 billion to boost capacity at its smelter in Dubai and build an alumina refinery in Abu Dhabi, a company executive said ... Read More
Essa Kazim chairman of Borse Dubai

London Stock Exchange stake sale earns Dubai huge profit

Dubai has made a profit of billions of dirhams on the sale of its eight-year-old stake in the London Stock Exchange. Essa Kazim, the chairman of Borse Dubai, confirming ... Read More
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