Sunday 6 October 2024
 
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Currency

UAE's foreign currency assets in September hit $89.6bn

The total foreign currency assets held by the Central Bank of the UAE stood at Dh329.3 billion ($89.6 billion) against Dh326 billion ($88.7 billon) in early 2018, as current account balances and deposits with foreign banks strengthened to Dh25

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Dubai Culture launches new 'ArtBank' intitiative

Dubai Culture & Arts Authority (Dubai Culture) is engaging the public to involve them in strengthening its innovative ‘Dubai ArtBank’ initiative during the 12th edition of Art Dubai. Running till March 24, the &lsq

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DGCX sees record 2m contracts in February

Dubai Gold and Commodities Exchange (DGCX) traded its highest monthly volume of 2,097,739 contracts in February, valued at $47.03 billion, recording 67 per cent year-on-year (Y-o-Y) growth. The Exchange has thus far recorded 53 pe

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DGCX sees record 2m contracts in February

Dubai Gold and Commodities Exchange (DGCX) traded its highest monthly volume of 2,097,739 contracts in February, valued at $47.03 billion, recording 67 per cent year-on-year (Y-o-Y) growth. The Exchange has thus far recorded 53 pe

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DGCX currency volumes grow 225pc in October

The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment. DGCX’s G6 Currency portfolio continue

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Saudi currency sovereign ratings get stable outlook

S&P Global has affirmed 'A-/A-2'  long- and short-term foreign and local currency sovereign ratings on Saudi Arabia and has given the kingdom a stable outlook.   The outlook is based on expectati

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DGCX currency volumes surge in August

The Dubai Gold and Commodities Exchange (DGCX) witnessed an uptick in trading volumes in key products, driven by increased investor interest in the Exchange’s offerings in Euro Futures, INR Options and Indian Single Stock Futures.

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DGCX sees surge in gold and currencies trade

Dubai Gold and Commodities Exchange (DGCX), a top derivatives bourse, witnessed a surge in gold and currencies trading in June, over the recent listing of additional ‘Calendar spreads’ on the Exchange’s Gold Futures and G6 Curr

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DGCX sees surge in gold and currencies trade

Dubai Gold and Commodities Exchange (DGCX), a top derivatives bourse, witnessed a surge in gold and currencies trading in June, over the recent listing of additional ‘Calendar spreads’ on the Exchange’s Gold Futures and G6 Curr

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Currency fluctuation hits Dubai property market

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. There is a moderately strong inverse correlation between mon

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