The sukuk market operates as a collection of local markets because of lack of integration and the Malaysian market remains the strongest by far, according to a Standard & Poor's Ratings Services report.
Over 40 per cent of
Equities in emerging markets slumped 2 percent to 11-month lows on Thursday and local currencies slid as investors piled into the relatively safe Japanese yen, driven by fears of future global central banks'
Crude oil rebounded, erasing declines in Asian trading on Thursday, as the dollar weakened against major currencies, and bullion rose after declines in the past three weeks attracted buyers of physical gold.
Concern over European nations'
The Swiss franc surged to new all-time highs against the euro and the dollar in volatile trade on Tuesday, while the Japanese yen held firm
Investors unwound leveraged trades funded in the dollar and the yen as global stocks, as measured b
Gulf central banks' reserves should be more diversified in the long run, and any US debt default would put downward pressure on the dollar and fuel inflation, a Gulf central banker said on Thursday.
Gulf Arab crude exporters, which mostly
iFOREX has launched a new trading account, directed at traders wishing to trade the high volume currencies; Euro or Yen.
“As a leading organisation in the international forex market, iFOREX wants to gain its competitive edge by providing s
Gulf central banks still regard US Treasuries as a safe investment and the UAE may consider diversifying reserves to include China's yuan, the UAE central bank governor said on Wednesday.
Gulf states, which mostly peg their currencies
Amana Capital, a leading forex trading company based in Lebanon, has won the ‘Best Standard - Forex Broker Award’ at the 6th Jordan Forex Expo that was held recently.
The annual event gathered retail and institutional investors as well as
The Dubai Gold & Commodities Exchange (DGCX) recorded a 111 per cent year-on-year increase in April volumes to reach 227,421 contracts valued at $11.4 billion, a statement said.
Year-to-date volumes on the exchange climbed 51 per cent
The dollar fell to three-month lows on Monday on expectations that the threat to growth from high oil prices would keep US monetary policy loose, contrasting with a more hawkish outlook elsewhere.
The dollar index, which tracks the greenba