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Borse Dubai Benefits from Bull Run in UK Equities as It Divests London Stock Exchange
- Borse Dubai, an entity under the Investment Corporation of Dubai, a sovereign wealth fund takes advantage of rising stock prices and shelves its holdings in the UK's main equities and bond exchange, LSE, for $2.23 Bln.
Friday, 27/03/2015 | 19:28 GMT by
Adil Siddiqui
How Will Alpari UK's Demise Affect the Group's Dubai Office?
- Several industry participants are negotiating for the Alpari ME unit, eyeing its ready made local infrastructure. Mass migration of the office's 40 employees to a local competitor is also on the agenda.
Tuesday, 17/02/2015 | 12:21 GMT by
Finance Magnates Staff
Dubai-Based DMCC to Boost UAE’s Position as a Commodity Trading Hub
- The UAE's dedicated commodities trading centre, the DMCC, enhanced its position as a preferred organisation to support the growth of commodities trading. DMCC's annual career fair attracted over 4,000 interested attendees.
Thursday, 12/02/2015 | 20:29 GMT by
Adil Siddiqui
Dubai Financial Market Welcomes Rising Trading Volumes as Revenues Rise
- UAE's listed trading venue, the Dubai Financial Market, reported a sharp rise in volumes and earnings as domestic investors hold onto local financial products despite a slow down in global energy markets and a spike in volatility.
Thursday, 05/02/2015 | 22:34 GMT by
Adil Siddiqui
Exclusive: Alpari UK Should Have Shut down a Year Ago Says Majority Owner
- Andrey Dashin comments to Forex Magnates about Alpari UK's insolvency: "Winding up was better than a financial meltdown with unpredictable consequences." Read the full statement along with telling data.
Tuesday, 20/01/2015 | 16:57 GMT by
Avi Mizrahi
China Financial Futures Exchange Strengthens Middle East Presence with Dubai Partnership
- This move is taken as China is expected to be one of the United Arab Emirates's fastest growing trade partners over the next twenty years. China-UAE bilateral trading volume has been growing at 10% per year.
Monday, 08/12/2014 | 08:40 GMT by
Avi Mizrahi
Exclusive: After a Successful Launch, Dubai-Based Fortress Prime Aims at FCA Regulation
- Focusing on the MENA region the company launched operations in September just as volatility started to pick up, leading it to a cashflow positive position only a couple of months after launching.
Tuesday, 18/11/2014 | 10:30 GMT by
Victor Golovtchenko
DGCX Extends FX Product Range - Launches Two New Mini Indian Rupee Futures Contracts
- Emerging market currency trading continues to gain popularity as UAE-based DGCX launches new currency futures contracts. The venue adds to its to rupee product range with two mini non-dollar crosses, British pound and Euro.
Wednesday, 29/10/2014 | 19:55 GMT by
Adil Siddiqui
Dubai Mercantile Exchange Signs Partnership Agreement with Leading Chinese Banking Institute
- Leading UAE-based commodity derivatives exchange, the Dubai Mercantile Exchange, has extended its co-operation with Asian-based firms. The venue has signed a memorandum of understanding with Chinese giant, Bank of China.
Tuesday, 28/10/2014 | 19:32 GMT by
Adil Siddiqui
MetaQuotes Opens New Office In Dubai, Plans For One In the South African Republic
- The company is committing to a new market by launching a subsidiary named MetaFintech LLC which will be offering all MetaQuotes Software products - both trading platforms MetaTrader 4 and MetaTrader 5 as well as TeamWox.
Tuesday, 23/09/2014 | 20:01 GMT by
Victor Golovtchenko
Dubai Tries to Attract Investors by Lowering the Bar for Professional Status and More
- Dubai is set to strengthen the supervisory and enforcement powers of its financial watchdog to get closer in line with International Standards. Also, creates a new category for $500,000 Qualified Investor Fund.
Wednesday, 20/08/2014 | 08:40 GMT by
Avi Mizrahi
Exclusive: BMFN's Dubai Office Takes Center Stage for Asia Growth
- Boston Merchant Financial's UAE operation registered under the DMCC is attracting participants from across the wider region, including China, as Dubai's status as a financial and economic hub continues.
Tuesday, 24/06/2014 | 16:30 GMT by
Adil Siddiqui
Currencies Drive DGCX Volumes up 24% in May, Led by Indian Rupee
- The Dubai Gold and Commodities Exchange released its metrics for May, reaching over 1 million contracts. Futures on the Indian index Sensex records highest-ever monthly volume, up 206%. Gold Futures up 24%.
Thursday, 05/06/2014 | 08:59 GMT by
Avi Mizrahi
DGCX SENSEX April Volumes up 41% MoM: Currency Futures, Metals Driving Growth
- The Dubai Gold & Commodities Exchange (DGCX) has announced its SENSEX volumes for the month ending in April, highlighted by a 41% growth MoM with a total of 819,941 contracts traded (valued at $24.69 billion).
Wednesday, 07/05/2014 | 10:18 GMT by
Jeff Patterson
"Cointalks Dubai" - First Major Bitcoin Conference to be Held in Middle East
Thursday, 17/04/2014 | 16:08 GMT by
Ashton Fraser
Going Global: Tullett Prebon Opens New Alternative Investments Office In Dubai
- Tullett Prebon has announced the opening of an office in Dubai, along with the appointment of Gahtan Vahidy as the Head of Alternative Investments in a bid to increase exposure in the Middle East.
Tuesday, 11/03/2014 | 12:22 GMT by
Jeff Patterson
UOB Bullion and Futures Joins DGCX, Targeting Middle Eastern Clientele
- The DGCX has announced that multi asset-class brokerage UOB Bullion and Futures (UOBBF) has been approved as a clearing member of the Exchange, effectively expanding client exposure into the Middle East.
Thursday, 06/03/2014 | 09:38 GMT by
Jeff Patterson
Saxo Bank Plans on Abu Dhabi Office by Summer, as United Arab Emirates Hot for FX
- Forex Magnates researches reports that Saxo Bank plans to open an office in Abu Dhabi, adding to its office in Dubai, as the United Arab Emirates and prospects in the middle east attracts the bank's attention, once again.
Thursday, 06/02/2014 | 21:58 GMT by
Steven Hatzakis
DGCX Reinforces Strength Of Emerging Venues - November Volumes Up 51% YTD, Led By FX
- The Dubai Gold and Commodities Exchange has today announced a 51% increase in volumes year-to-date, mainly generated by the FX futures division of the business, bucking the downward trend elsewhere.
Tuesday, 10/12/2013 | 09:00 GMT by
Andrew Saks McLeod
Fraudster Who Led MMA Forex In Dubai Sentenced To Two Years In Jail
- Malik Noureed Awan has been sentenced to two years in jail following a guilty verdict at a court in Dubai on allegations of fraud. Mr Awan's company, MMA Forex had taken deposits from customers that it could not return.
Thursday, 07/11/2013 | 08:40 GMT by
Andrew Saks McLeod
DGCX Joins Euroclear Collateral Highway as First Middle Eastern CCP
- Whilst North American venues are well-versed in CCP connectivity, other regions are unburdened by such requirements - until now. Today, the DGCX becomes the first Middle Eastern CCP to join Euroclear.
Wednesday, 11/09/2013 | 09:33 GMT by
Andrew Saks McLeod
Emergence Of The Asian Exchanges: DGCX Announces 10 Million Contracts YTD
- The Dubai Gold and Commodities Exchange has today announced that it has experienced record volumes year to date by passing the 10 million contracts mark between January 1 and August 23 2013.
Sunday, 08/09/2013 | 09:16 GMT by
Andrew Saks McLeod
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