The DFM General Index closed Sunday trading 0.66% lower at 1,460.74 points amid low turnover. Disappointment prevailed over gloomy economic prospects for the world economy and MSCI's verdict from lat week to postpone an upgrade of the UAE and Qatar to Emerging Markets. Market leader Emaar ended off 1.37% at Dhs2.87. Investment bank Shuaa Capital bucked the trend and posted the highest day gain, finishing up 1.61% at Dhs0.695.
Qatar should consider more flexible forex rate: banker
Qatar and other Gulf states should consider moving to a more flexible exchange rate from long-entrenched pegs to the US dollar, to better manage inflation risk in the next decade, a senior Qatar cent
old caught in a range; Trade awaits US Fed signal
Gold prices on the spot and futures market are likely to be range-bound on Wednesday as the yellow metal is caught between speculation over the continuing of US stimulus programme and investors cas
Dollar Maintains Declines Versus Euro Before Bernanke Testimony
The dollar held declines against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid speculation the U.S. hasn’t recovered fast enough to warrant reduction in monetary st
Markets edge higher; Fed testimony key
Markets edged higher in morning session this Wednesday on surge in inflows after the Bank of Japan maintained its plan to expand the monetary base.
BoJ concluded its two-day policy meet wi
Yen Erases Losses As BoJ Leaves Monetary Policy Unchanged
The Japanese yen trimmed early losses against other major currencies on Wednesday after the Bank of Japan decided to keep its monetary easing program in tact, as it seeks to attain a 2 percent inflat