PRECIOUS-Gold edges lower on stronger dollar

The Dubai Gold and Commodities Exchange (DGCX ... said its holdings fell 0.03 percent to 836.49 tonnes on Friday from 836.77 tonnes on Thursday. * Hedge funds and money managers upped their net long position in COMEX gold for the third straight week ... ( read original story ...)

Dubai Trading Volumes Jump

The region’s largest derivatives bourse, the Dubai Gold and Commodities Exchange (DGCX), saw ... investors flock to regulated and transparent markets like DGCX to hedge against rapid price movements especially in global currency pairs. ( read original story ...)

Markets Live: BHP drives ASX to two-year high

The hedge fund is urging BHP to demerge the US petroleum business and ... 11:19am WorleyParsons shares have jumped 3.3 per cent to $11.40 after a buyer, said to be Dubai-based Dar Group, snapped up $175 million of WorleyParsons stock. ( read original story ...)

UAE debtors on the tough road to solvency

Derek, who did not want to reveal his full name, is in a similar position to Mr Nair; he needs credit but cannot borrow because of poor UAE financial history. The Briton, a married father-of-two and resident here for seven years, bounced a Dh155,000 ... ( read original story ...)

Banking giant launches UAE video, chat services

Standard Chartered Bank announced on Tuesday the launch of its video and chat banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore, Taiwan in 2016 and ... ( read original story ...)