Hedge funds make record bet on rising oil price

However, despite the lack of headline price movement, the Financial Times reports hedge funds and other institutional investors ... a fuel broker at Freight Investor Services in Dubai, told Reuters. Crude futures have fallen five per cent since their ... ( read original story ...)

UAE Bank Going Digital-Only

The Commercial Bank of Dubai will soon launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does, such as current accounts, saving accounts and credit card accounts. ( read original story ...)

National Bank of Kuwait Q4 net profit rises 40 per cent

Dubai:National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 40 per cent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a ... ( read original story ...)

Gold at 2-month high; Should you sell in Dubai?

Precious metal funds saw their biggest inflow in five months and bond funds notched a fourth consecutive gain over the last week, as investors continued to hedge "Trump trades" put on late last year that bet on stronger growth and rising inflation. ( read original story ...)

UAE bank deposits up by Dh42b

Abu Dhabi: Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in resident deposits and a Dh15.8 billion increase in non-resident deposits. According to a statement from the UAE Central Bank, gross ... ( read original story ...)

Dubai in the sky: 12 restaurants with a great view

11 of the world's most luxurious train journeys Mint Leaf Dubai - Emirates Financial Towers Upmarket Indian food shines at this swanky 15th floor restaurant. Located in Dubai's financial center, the London export has floor-to-ceiling windows facing the ... ( read original story ...)

Swing to small cap stocks on UAE bourses, for now

... will have to learn to play to swings of small cap stocks in the UAE stock markets, before blue chip shares stage a comeback again. The smaller stocks like Gulf Finance House, Shuaa Capital, Gulf Navigation, HITS Telecom and Union Properties listed on ... ( read original story ...)

Small cap stocks still in favour on Dubai bourse

The Dubai Financial Market General index closed 0.42 per cent higher at 3,617.40, after trading in the range of 3,586.53- 3,617.43. “The market today was mainly driven by trading opportunities. The main focus was still on insurance sector, and investors ... ( read original story ...)