The fund invests in securities of companies located throughout the world that are engaged in mining or processing gold, a statement from the bank said. A part of the net assets of the fund can be invested in companies that mine or process other precious m
Hilton Worldwide has announced expansion plans in Iraqi Kurdistan, Northern Iraq, with the signing of a management agreement with the Mihtab Group to develop the first Hilton Hotels & Resorts property in the rapidly growing city of Erbil, Iraq.
Samir Shah, Chief Business Officer of DGCX said: "Gold prices have had a phenomenal run over the last two years, but the distinguishing feature of the gold market in this period has been the extreme price volatility of the precious metal, which has c
With the consummation of this acquisition, Abraaj Capital now has approximately $7.5bn in assets under management, a presence in over 30 countries, and over 150 investments managed by a seasoned team of investment professionals with unmatched local expert
The Dubai International Financial Centre (DIFC), the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas, issued its fifth annual Economic Activity Survey Report.
However, perhaps the most important key driver of insurance in the Kingdom, as in many countries, is compulsion through government policy and legislation such as compulsory health insurance for expatriate workers and motor third party liability insurance
Located in Abu Dhabi, Securities & Investment Company United Arab Emirates (SICO UAE) will execute trades for its institutional and high net worth clients on the three principal stock exchanges - ADX, DFM and NASDAQ Dubai.
QNB and Standard Chartered, he said, will be starting their activities as custodians in the next few days.
First-quarter trading activity surged from a low of Dh62 million (US$16.8m) a day in January to a peak of Dh981m in March as sentiment and investor appetite for riskier asset classes improved, causing many brokerages to postpone plans to shut down.
The research stated that if those jobs were created, and the new population had an average household size of three people, Dubai would see demand for an extra 317,000 units, or 94 percent of current stock.
Waleed Al-Bawardi, director of cash and markets at Tadawul, said details on disclosure requirements were being agreed with the CMA after the regulator amended listing rules in January to allow for cross-listing.