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Markets
Mena sees 48% drop in IPO proceeds in H1: EY
Globally traditional IPO performance has remained strong after riding a wave from Q1 2021, with 597 IPOs raising total proceeds of $111.6 billion. READ MORE
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Markets
Sensex crosses 59k for first time; Nifty leaps to fresh high
The 30-share index climbed 417.96 points or 0.71 per cent to close at 59,141.16. It touched an intra-day record of 59,204.29. READ MORE
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Markets
Planning to buy gold? September is the best time
The two main drivers behind this momentum are strong physical demand and increased investment activity, the WGC said. READ MORE
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Markets
Rs24.8 to Dh1: UAE residents rush to clarify confusion after Google glitch in Indian rupee rate
As per rates aggregated by Google, the Indian currency plunged to 24.83 versus the Dirham. READ MORE
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Markets
Global debt near all-time high of $300t: IIF
The drop in debt-to-GDP ratio is mostly attributable to a robust pickup in economic activity. However, the recovery has not been strong enough to bring debt ratios below pre-pandemic levels in most cases READ MORE
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Markets
DFM plans to introduce three new equity futures contracts
New contracts will include stocks of Dubai Investments, DFM Company and Shuaa Capital READ MORE
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Markets
Foreign investors exempt from tax on Bitcoin profits: El Salvador
El Salvador introduced Bitcoin as legal tender on Tuesday alongside the dollar, which has been the official currency for 20 years READ MORE
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Markets
Afghanistan remittance payouts limited to local currency
Hard currency remittances have formed an important source of external finance for Afghanistan over the years but dollar availability has dried up in the aftermath of the Taliban’s conquest of the country READ MORE
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Markets
RBI may launch a digital currency by the end of this calendar year
A pilot project will be launched initially because a digital currency is a totally new product both in India and globally READ MORE
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Markets
Bitcoin bruised after chaotic debut as legal tender in El Salvador
The coin last traded at $46,560, having endured wild trade the day before in which it hit a near four-month high of $52,956 before plunging 11.1 per cent, its largest fall since June 2 READ MORE
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Markets
Abu Dhabi stocks hit all-time high
Etisalat extends gains as it lifts foreign ownership limit cap; Dana Gas secures $250 mln financing for its project in KRI READ MORE
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Markets
UAE: Indian rupee falls to 20 versus dirham
In the Indian interbank market, the rupee opened at 73.48 against the dollar, then fell to 73.65. READ MORE
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