Lootah Global Capital and Heritage Amanah International to advise on the IPO and dual listing of Indonesian tech company on GCC stock market

مذكرة تفاهم بين “لوتاه جلوبال كابيتال” و”هيريتيج أمانة الإندونيسية”

Collaboration to bridge the growing investment interests between the UAE and Indonesia, which was cemented through the UAE’s $10 billion commitment for Indonesia’s SWF Planned fund-raising activity in the Gulf equity markets signals a return of international business and investors’ confidence against the backdrop of the coronavirus pandemic UAE provides an attractive environment with its well-established and dynamic global financial centres with strong Islamic finance infrastructure Lootah Global Capital, a financial services company regulated by the Dubai Financial Services Authority, and Heritage Amanah International, an investment advisory company licensed by…

GulfBrokers: Will the Wall Street rally continue in Q2?

GulfBrokers: Will the Wall Street rally continue in Q2?

Dubai, United Arab Emirates, (AETOSWire): The global stock market recorded a solid gain in Q1 2021. The markets were finished in 2020 with a big bang having delivered one of the fastest recoveries in the history after the sell-off in March 2020. The US stock indices, Dow Jones and S&P 500 climbed to fresh all-time highs in March driven by various stimulus measures and the quick rollout of covid-19 vaccines. While the Nasdaq100 shy to break new heights after it reached a record closing high on February 12th as the investors…

Tesla led Saxo Bank’s UAE list, followed by Apple, Nio, Microsoft, and Amazon.com

شركة تيسلا تتصدر القائمة على كل من آبل ونيو ومايكروسوفت وأمازون

Saxo Bank: US tech companies top list of most popular stocks among UAE investors in record-breaking year  Tesla led Saxo Bank’s UAE list, followed by Apple, Nio, Microsoft, and Amazon.com In a rollercoaster year that surprised analysts and market participants alike, US technology companies attracted the highest trading volumes among Saxo Bank investors in the UAE and around the world in 2020. The strict lockdowns and prolonged work-from-home trend which arose from the Covid-19 pandemic suited the business models of the US tech companies, reflected by the Nasdaq-100 being up…

Dubai-based Elixir Group Launched to Tap into $187 Billion Modern Tech Market

مجموعة إليكسير بدبي تنطلق بخدماتها للاستثمار بقيمة 187 مليار دولار

News Highlights: Elixir Group will first focus on the UAE market, and will expand into the Middle East and South Asia markets over the next two years. In 2021, 2022, company plans to diversity into Machine-Learning, Robotics, Edge Computing, Internet-of-Things (IoT), Virtual Reality and Augmented Reality sectors. “… amid the on-going COVID-19, we see the new technologies as a panacea for each and every problem.” – Hunain Shahid, Head of Strategy & Partnerships, Elixir Group COVID-19 for Elixir Group proved to be the time to accelerate the automation pivot. DUBAI,…

A Biden win predicted but a contested result in the US  election will be the biggest risk to markets

الطعن بنتائج الانتخابات يُمثل أكبر عوامل الخطر الماثلة أمام الأسواق

Regardless of whoever wins the US election there will be no easy path to reforms and no healing of a divided USA, says Saxo Bank The most likely result from the US election is a contested result where neither side will accept a loss, and a period of uncertainty and financial market volatility will follow, according to Saxo Bank’s Chief Investment Officer, Steen Jakobsen. Speaking during an online briefing session hosted today by Saxo Bank, and featuring both Jakobsen and Head of FX Strategy John Hardy, Jakobsen emphasised that he…

Stocks and Metals pause the rally ahead of US election

Stocks and Metals pause the rally ahead of US election

Dubai, United Arab Emirates, (AETOSWire): With less than two months to voting day for the US presidential election on 3/11/2020, and the race between Donald Trump and Democrat leader Joe Biden tightening, financial markets are starting to get the jitters. Stock Market On Friday, Wall Street closed at their lowest level of the month following a selloff in US tech stocks due to overvaluation concerns after another month of stellar gains in August. The US equities strong recovery has been supported by optimism around potential COVID-19 vaccines. US-markets led the way…

Axiory Launches Axiory Intelligence

Independent, dedicated News Portal with Around the Clock Market Coverage to Assist Traders Dubai, United Arab Emirates, 5 August 2020, (AETOSWire): – Advanced, global, fintech company Axiory is proud to announce Axiory Intelligence, an independent, dedicated market news portal where traders, investors, and financial enthusiasts can rely on up-to-date, fast, and reliable content to stay informed on global markets. The new portal will include Video updates, webinars, articles, technical analyses, and many more forms of information designed to cater to the needs of traders across the globe. Traders of the…

Orient Insurance’s first half 2020 results show strong growth

S&P Global Ratings today said that Dubai-based Orient Insurance P.J.S.C. (A/Stable/–) reported stronger-than-expected gross written premium (GWP) growth and higher net earnings in the first six months of 2020, despite the pandemic and lower oil prices. Orient’s GWP increased 13.6% to about UAE dirham (AED) 2.56 billion (about $700 million) in the first half of 2020 from about AED2.25 billion during the same time in 2019. This resulted from the company’s expansion across all business lines, despite a lockdown for several weeks during this period. At the same time, the…

Have stocks reached the bottom or will they drop deeper?

Dubai, United Arab Emirates,  (AETOSWire): Most experts agree that kickstarting the global economy after the current lockdown due to coronavirus pandemic could be crucial for a future progress. There are more factors, including a deep unemployment, which can cause problems and affect the global economy and markets. How are stock markets managing right now? In the middle of April, American stocks appeared in highest values since March 2020. A symbol of the growth had been some good news on potential Covid-19 drug being developed by Gilead Sciences, an American biopharmaceutical company. A recently…

Falling Markets as Opportunity for the Risk-Resistant Investors

Dubai, United Arab Emirates, The unpredictable Coronavirus and the proceedings of KSA, which dramatically decreased global oil prices are only the triggers of the sales fluctuations in the stock market. High volatility is a disaster for conservative investors, but it also offers opportunities for those traders whose risk-taking limit is at significantly higher levels. Gulf Brokers have selected several examples of how profits could have been earned based on decline.[1] Tesla belonged to the losers of February after record-breaking profits at the beginning of year. Those, who expected this price…