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DGCX saw 88 per cent year-on-year rise in currency trading. (EB FILE)
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 coming to the emirate to tap those wanting to hedge their currency risks. The news comes as Dubai's local commodities exchange, the...
top gainer DFM-listed Arabtec Holding led the pack. (EB FILE)
Stocks retain gains of 2009 despite the recent volatility
Share prices of 15 firms listed on the UAE stock markets have gone up more than 100 per cent since hitting multi-year lows in February this year, Emirates Business research shows. Nine firms listed on Dubai Financial Market (DFM) and six on the...
Prices of 15 stocks more than double over 2009 lows despite correction. (EB FILE)
Prices of 15 stocks more than double over 2009 lows despite correction
Share prices of 15 firms listed on the UAE stock markets have gone up more than 100 per cent since hitting multi-year lows in February this year, Emirates Business research shows. Nine firms listed on Dubai Financial Market (DFM) and six on the...
ADX still in downtrend on low buying interest
The Abu Dhabi Securities Exchange (ADX) retreated for a third consecutive session yesterday amid weak sentiment and a lack of buying interest. The general index fell 14.16 points, or 0.48 per cent, to 2,949.69 points. Turnover surged...
Dubai bourse retreats amid weak turnover
Turnover on the Dubai Financial Market hit a 12-week low yesterday as investors remained on the sidelines in anticipation of a new correction on global markets that may drag local markets down. Some 155.6 million shares worth Dh323.2 million...
Saleh Abdullah Lootah (SUPPLIED)
Al Islami Foods gets new CEO
Al Islami Foods yesterday restructured its management and appointed new chief executive officer, chief operating officer and chief financial officer. Alex Andarakis has replaced Saleh Abdullah Lootah as the chief executive officer of Al Islami...
DFM retreats on narrow movements
Sideways trading prevailed in Dubai Financial Market (DFM) yesterday, as the index lost most of its gains of the previous session amid uncertainty among investors. The DFM index retreated 19.97 points, or 0.91 per cent, to close at 2178.53 points...
ADX faces shortage of liquidity and low trading
Abu Dhabi Securities Exchange (ADX) continued to move in a very narrow range yesterday amid low trading and a deep shortage of liquidity. The ADX index closed at 2963.85 points, registering a slight loss of 0.1 per cent, or 3.06 points. Real...
Gold touched a fresh high above $1,130 an ounce yesterday. (EB FILE)
Daily trade volume of DGS jumps on back of gold rally
Daily trade volume of Dubai Gold Securities (DGS) on Nasdaq Dubai jumped dramatically yesterday to 31,000 securities. It surpassed the highest trade volume recorded in any month. The previous best full-month volume was in May this year when...
99% of local listed firms disclose results
The Securities and Commodities Authority (SCA) announced the percentage of financial disclosures by local listed firms for Q3 2009 was 99 per cent, after Tamweel and Amlak Finance were excluded due to their merger. The total number of firms that...
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Nov.20Finding bargains in 'short sales'
Nov.20US senator knocks curbs on Fed role
Nov.19Clinton in Kabul for inauguration
Hobday talks about the possible resurgence in the UAE of the newspaper subscription – Business Breakfast, November 19
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Al Sayegh believes the Arabic language should simply be used rather than protected – Business Breakfast, November 19
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Foustok talks about winning the Achievers Award from Emirates Women Magazine – Business Breakfast, November 19
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Graham has been a journalist for over 20 years and writes on residential property for newspapers, magazines, websites and blogs in the UK and across the world. He particularly enjoys writing about property markets and has 10 years experience of
Residential sector builds on crisis
The renewal of the residential sector is another sign that the worldwide recession is slowly playing itself out.
Graham Norwood
Tips to make career change a success
A good employee exceeding his targets and excelling at work is always an asset to the company.
Alaa El Din Rady
Traders go steady after bond gains
Investors’ passionate affair this year with corporate bonds is now settling down into something more placid.
Jeremy Gaunt
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