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Price puts off subscribers to Arabtec rights issue
May 28, 2017--Arabtec rights traders may have refrained from subscribing to the offer on the last day, as the rights were available at a premium of 30 per cent over the current share price.
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Greed, panic surrounds Bitcoin traders
May 28, 2017--Bitcoin's roller-coaster ride continued on Sunday, with the cryptocurrency recovering 7.2 per cent to trade at $2,293. It had fallen 28 per cent over the weekend.
Last Thursday, Bitcoin reached $2,779, a record high, but dropped to a weekly low of $1,974 on Saturday, according to Coindesk data.
Ignoring oil rebound, Dubai stock traders resort to profit-taking
May 25, 2017--Ignoring a rebound in oil prices, traders in Dubai stocks resorted to profit-taking ahead of Ramadan as the index struggled to reclaim the recent resistance level.
The Dubai Financial Market General Index closed 0.73 per cent lower at 3,327.13, after the index recently failed to breach the key resistance of 3,400.
ESMA clarifies traded on a trading venue under MiFID II
May 22, 2017--The European Securities and Markets Authority (ESMA) has issued today an opinion regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The opinion clarifies the concept of "traded on a trading venue" (TOTV), which is relevant for a number of provisions under MIFID II and MiFIR.
The concept of TOTV is in particular relevant for:
pre-trade and post-trade transparency requirements on market operators and investment firms operating a trading venue as well as for investment firms (including systematic internalisers) operating over-the-counter (OTC); and
transaction reporting obligations.
The New Economic Context for the Arab World
May 20, 2017--The Arab World faces a conundrum of challenges that relate to its current economic model, the geopolitical tensions that characterize parts of the region, and the global trends whose effects are unfolding throughout the world.
Increasing income inequality, polarization of societies, cyber-ependency and climate change are already impacting our economies and societies and will do more so in the future, testing countries' capacity to progress and prosper.
view moreview the World Economic Forum The New Economic Context for the Arab World report
The Future of Jobs and Skills in the Middle East and North Africa: Preparing the Region for the Fourth Industrial Revolution
May 17, 2017--Education and work in the Middle East and North Africa region will determine the livelihoods of over 300 million people and drive growth and development for generations to come.
As one of the youngest populations in the world, it is imperative that the region make adequate investments in education and learning that hold value in the labour market and prepare citizens for the world of tomorrow.
IMF Staff Completes 2017 Article IV Mission to the United Arab Emirates
May 15, 2017--The UAE's large financial buffers, diversified economy and the authorities' robust policy responses are facilitating adjustment to the new oil-market realities while safeguarding the economy and the financial system.
Non-oil growth is projected to rise to 3.3% in 2017, reflecting more gradual fiscal consolidation, stronger global trade, and higher Expo 2020 investment.
Reaching the goal of returning gradually to a balanced budget over the medium term would save resources for future generations.
EMERGING MARKETS-Emerging stocks on track for 4th week of gains
May 12, 2017--Emerging equities stalled on Friday and currencies slipped after Wall Street ended with losses, although the index was on track for its fourth week of gains having crossed the 1,000-point mark for the first time since mid-2015.
May 2, 2016-- Shares in petrochemicals giant Saudi Basic Industries (SABIC) fell in early trade on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows.
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