Dubai SME, the agency of the Department of Economic Development, DED, located in Dubai and mandated to develop the small and medium enterprise, SME, sector, has announced the licencing of the first business incubator in Dubai, following the introduction of the “Incubators and Business Accelerators” regulations. The regulations were introduced to ensure necessary guidance and […]
Industrial readiness in the trade sector and technology advancements could bridge the current $1.5tn trade finance gap, with potential to inject new growth in trade, according to a report on ‘The Future of Trade’ from DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise. The research highlights the emerging […]
The Dubai Department of Economic Development, DED, has issued 1,848 new business licenses during April 2018 as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw 26,498 business registration and licensing transactions being completed during the month as economic diversification and competitiveness continued […]
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that Dubai’s rising global rankings in a range of economic indicators show that it is closing the gap with the world’s most competitive economies according to the vision of His Highness Sheikh Mohammed bin […]
Gold, Copper and Crude Oil Briefing $GLD, $CU, $USO, $OIL Commentary: US Crude production has risen to 10.7-M BPD from 10.62-M BPD the week prior. The EIA has now raised its US Crude Oil production outlook to rise by 1.14-M BPD for the next year revised up from the earlier projection of 750,000 BPD. PE Brent […]
Etisalat Digital has concluded its participation as the strategic partner at the inaugural Future Blockchain Summit which brought together over 7,000 chiefs of industry and visionary technologists from around the world to accelerate blockchain application in Dubai and beyond. Hosted by the Smart Dubai Office at the Dubai World Trade Centre, the inaugural Future Blockchain […]
Dubai Electricity and Water Authority, DEWA, has received over 500 applications from start-ups from 65 countries in the 2nd Free Electrons programme. This is a global energy accelerator programme that encourages start-ups to develop innovative energy solutions. The applications cover different areas, including 22 per cent for clean energy, 15 per cent for the Internet […]
Emirates and flydubai revealed today strong passenger numbers for the first six months of their partnership, illustrating the tremendous positive response from customers, and the successful start of the expanded codeshare partnership which was announced in July 2017. The first code-share flights began at the end of October 2017. Between November 2017 and March 2018, […]
The Ministry of Economy is predicting a rise in the share of the non-oil sector in the UAE’s GDP to 80 percent by 2021, compared to 70 percent in 2017 while stating that the UAE has the most diverse economy in the Gulf Cooperation Council, GCC, region. It added that the country’s seven emirates have […]
Local and Federal Government entities play a significant role in supporting the growth of national start-ups by providing lucrative contracts and business opportunities through the Government Procurement Programme, GPP, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said. The programme is a leading initiative […]
Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’ Together Mubadala and Abu Dhabi Investment Council will be the world’s 11th largest sovereign wealth fund. The UAE emirate of Abu Dhabi is to combine two of its largest sovereign funds to create a behemoth with estimated assets of nearly $250-B. UAE President and Abu […]
Like Dividend Stocks? Try the UAE The 2017 cash dividends paid out by 62 companies listed on the Abu Dhabi and Dubai bourses amounted to AED33.161 billion, according to the latest official figures disclosed today. The banking sector continued to have the lion’s share of cash distributions, after 13 out of 18 listed banks pad […]
Abu Dhabi Securities Exchange Heads to New York Abu Dhabi Securities Exchange, ADX, is set to launch its first roadshow for the year in New York City accompanied by a number of its listed companies, on the 26th and 27th of March. The roadshow comes as part of ADX strategic objectives to increase market cap […]
Emirates Close $600m Financing Emirates has announced a successful execution of a US$600 million sukuk (Islamic finance issuance) which it said had received a good response from both local and international investors. The issuance of the Trust Certificates, in the principal amount of US$600 million will be repaid in an amortising format over 10 years […]
DNO ASA, the Norwegian oil and gas operator, today released its 2017 Annual Report and Accounts together with its 2017 Annual Statement of Reserves and Resources, reporting an increase in operating profit and improvements across other key financial and operational metrics. Founded in 1971 and listed on the Oslo Stock Exchange with the code DNO. […]
Ferrari May Lead ‘Break Away’ Series to Rival F1 $RACE Ferrari (NYSE:RACE) may just be ready to lead a breakaway series to rival F1, the motorsport’s former boss Bernie Ecclestone, 87 anni, says. Mr. Ecclestone, operating in his role as F1’s chairman emeritus, says Ferrari chief Sergio Marchionne has already staged talks about forming a […]
The UAE has achieved top rankings across nine economic indices covering economic affairs in a series of recently released global competitiveness reports and indices for 2017 and 2018. The Ministry of Economy revealed that these achievements are part of its continuing efforts to achieve the set goals of the government’s ‘Number One Challenge’ project, which […]
Emaar Properties recorded a net operating profit of AED 5.704 billion (US$ 1.553 billion) during full-year (January to December) 2017, a growth of 16 per cent over the FY 2016 net operating profit of AED 4.917 billion (US$ 1.339 billion). Total revenue for FY 2017 increased by 21 per cent to AED 18.812 billion (US$ […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: DJIA looks stable to strong inhere. PE DJIA at 24190.90, +1.38% may trade within 24500-23000, and try to move above 24500 near term. Note: Support near 23200 on the 3-day, which if it holds, may drove DJIA to Key resistance at 24800 this week. DAX at 12107.48, […]
Insight into the Stock Markets’ ‘Quick’ Correction $DIA, $SPY, $QQQ, $VXX As US stock markets conclude 1 of the worst weeks point-wise in history, below is a list of the Key things to know about the quick 9 day corrective action, as follows: It was driven by technicals, not fundamentals. The ongoing market correction does […]
Stock Market Participants Who Bet on Volatility ‘Hammered’ $VXX For a very long time volatility in the stock market had remained at 30 year lows, as stocks rose to new all-time highs since the day after the 2016 Presidential election without a pullback (3-5%) or a correction (9-11%). That is the longest stretch in market […]
The US and World Stock Markets are Functioning Normally $DIA, $SPY, $QQQ The technical selloffs in US and World stock markets, is not related to market fundamentals. World stock markets fell for a 4th day running on investor concerns about the prospect of higher interest rates and stretched equity valuations. US stocks marked about a […]
Improving economic conditions resulted in further gains in output and new orders at UAE non-oil companies at the start of 2018, according to the latest UAE PMI survey. It added, “Employment was raised at the strongest pace for a year on the back of increased workloads. The introduction of VAT in January added to companies’ […]
The United Arab Emirates has been ranked 1st in the world in terms of being different and distinctive and 10th in the world in the way it projects its power on the global stage. The accolade is given in the 2018 Best Countries rankings, covering 80 countries and published by the newspaper US News and […]
The Dubai Land Department, DLD, has announced the launch of Dubai Property Festival, DPF, a three-day sales and purchase event to be held at the Dubai World Trade Centre from 9th to 11th April, coinciding with a series of events in Dubai aimed at attracting global investment to the UAE. The three-day festival is expected […]
A daily newspaper on Thursday commented editorially on the substantial changes introduced by Crown Prince Mohammed bin Salman in Saudi Arabia, saying the comprehensive reform agenda will boost the Kingdom’s economy and transform the country. “At the end of 2015, Saudi Arabia launched an austerity programme as it sought to control a deficit caused by […]
The Annual Investment Meeting, AIM, will take place at the Dubai World Trade Centre from 9th to 11th April 2018 with the participation of leaders, decision-makers and high-level local, regional and international government officials. The annual forum is one of the leading regional events on foreign direct investments, FDI, and is organised by the UAE […]
Dubai Financial Market, DFM, on Tuesday announced the listing of Bahrain’s Khaleeji Commercial Bank, KHCB, as trading commenced on the bank’s shares under the trading symbol “KHCB,” which appears on DFM screens, trading system, and publications within the banking sector. This listing further strengthens the prominent position of DFM as the most favoured listing venue […]
Saudi Stock Exchange Upgrades Systems The upgrade will enable market members to provide new categories of securities and services to investors The Saudi Stock Exchange (Tadawul) has announced an agreement with Nasdaq to develop new clearing and settlements systems. The deal will see the current Tadawul registration, filing and settlement system replaced by a central […]
Investors Buy the Dips, Market Continues to Extend The Trump Rally $DIA, $SPY, $QQQ, $VXX Strategy: In an uptrend, when markets fall, buy. 2 weeks ago stocks encountered headwinds and a wide range of risk assets came under pressure in the week ended 18 November, and some market observers again declared the end of what […]
Kaspersky Lab has brought together company experts, and Kaspersky Motorsport drivers to discuss current and future aspects of automotive industry in the Middle East region and worldwide. Since modern cars become more connected and incorporate more intelligent technologies to make them smarter, more efficient, comfortable and safe, the growing risk of a vehicle’s systems being […]
In the third quarter of 2017, a total of 76 mergers and acquisitions (M&A) deals were announced, a decrease of 10 percent when compared to a total of 84 transactions in the same period of 2016 in the Middle East and North Africa region. The MENA M&A deal value, however, increased by 23 percent to […]
Dubai Economy is Still Growing Dubai’s economy is expected to grow by 3-4 percent in the 2017-2018, Hamad Buamim, President and CEO of Dubai Chamber of Commerce and Industry, said at a ‘Meet the CEO’ event organised by the Government of Dubai Media Office, GDMO, on Monday. He pointed out that 98 percent of Dubai’s […]
Saudi’s Kingdom Holding’s Investment Growth ‘On Hold’ Kingdom Holding’s plan to borrow money to fund new investments is on hold, because owner Prince Alwaleed bin Talal is in criminal detention in Saudi Arabia on anti-corruption charges, according to banking sources familiar with the matter. Kingdom had approached banks to obtain the loan, but the financing […]
The International Monetary Fund expects the United Arab Emirates’ economic growth to nearly triple next year as the country’s capital Abu Dhabi, benefits from an expected recovery in oil prices, according to Bloomberg. The UAE’s gross domestic product will expand 3.4 percent in 2018, largely on expectations that growth in Abu Dhabi will surge to […]
Saudi Aramco May Scrap IPO, Going with Private Investors $OIL Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its Y 2018 target, sources familiar with the matter said Friday. The IPO (initial public offering) is expected to be the […]
Dubai Property: New Projects Flourish Property developers in Dubai showcased new multi-billion-dollar mega-projects on Monday despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn. Exhibitors at the three-day Cityscape Global showed off models of high-end skyscrapers and even “Floating Venice”, a resort complete with underwater suites. The […]
The China-Arab States Expo kicked off today in Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region, demonstrating the growing economic relations between the world’s 2nd largest economy and the Arab world. Juma Mohamed Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Economy, who is leading the UAE high-level delegation, has […]
The number of constructed buildings in Abu Dhabi reached 913 during the second quarter of 2017 compared to 751 buildings during the same period of 2016, a growth rate of 21.6 percent. Construction experts have stated that the increasing pace of construction in Abu Dhabi reflects its ongoing urban renaissance during the two last decades, […]
UAE Building Non-Oil Sector The UAE total non-Oil foreign trade volume of Q-1 2017 reached approximately AED401 billion against AED388 billion during the same period last year, a growth of 3.2 percent, according to statistics released by the Federal Customs Authority. Direct foreign trade, which represents 68 percent of the UAE’s total trade volume, was […]
Stock Trades Will Soon Settle 1-Day Sooner The time frame between when you buy or sell a security and when the trade is settled is about to shrink. Currently, the US operates on a 3-day settlement cycle. Effective Tuesday, 5 September 2017, the US will switch to a 2-day settlement cycle, know as T+2, which […]
The Dubai 10X Programme Team at the Supreme Legislation Committee in the Emirate of Dubai, SLC, have highlighted the most important futuristic projects that support the ‘Dubai 10X’ initiative in a recent seminar held at the SLC General Secretariat headquarters. The seminar was aimed at promoting Dubai as a pioneering environment in the UAE for […]
The Ministry of Economy is working on a number of laws to help increase productivity of the economy and boost the contribution of the non-oil sector to 80 per cent by 2021 from around 70 per cent now, Sultan Al Mansouri, the Minister of Economy told “The National” in an exclusive interview. The draft investment […]
Global trade enabler DP World today announced solid financial results for the six months to 30th June, 2017. On a reported basis, revenue grew 9.6 percent and adjusted EBITDA increased by 4.2 percent. Adjusted EBITDA margin was 53.4 percent, delivering profit attributable to owners of the company, before separately disclosed items, of US$606 million and […]
As part of its mandate to facilitate trade from Dubai and create an enabling environment for Dubai’s exporters, Dubai Exports, the export promotion agency of Dubai Economy, has expanded its network with the opening of a new overseas trade office, OTO, in Hong Kong. The Hong Kong office, the 7th in its growing international network […]
Expansion projects and new investments are expected to fuel growth within the UAE’s logistics sector over the next five years, according to a recent analysis by the Dubai Chamber of Commerce and Industry. The positive outlook is supported by expectations of strong growth in the country’s air and sea freight markets. The analysis, based on […]
Jebel Ali Free Zone is a Hit The Dubai-based Jebel Ali Free Zone, Jafza, attracted 267 new companies from 48 countries around the world, in first half (H1) of 2017, marking a growth of 6 percent compared to the same period last year Maintaining its position as a preferred investment destination for large-scale industrial and […]
Merchandisers Wanted for Dubai Expo 2020 From custom caps and cufflinks to tailor-made towels and teapots, Expo 2020 Dubai is looking for manufacturers in the Gulf for two important merchandising categories apparel and homeware. The Expo team seeks producers, from international brands to artisan producers, of goods, which will be offered to millions of visitors […]
Dubai Real Estate Report Dubai Land Department, DLD, has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. In a statement, DLD confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion. Sultan Butti bin Mejren, […]
Dubai Electricity and Water Authority, DEWA, has invited companies involved in solar photovoltaic, PV, technology to participate in the second Dubai Solar Show; the region’s largest solar energy exhibition, organised by DEWA, in conjunction with the 19th Water, Energy, Technology, and Environment Exhibition, WETEX 2017. Both events are organised under the directives of Vice President, […]
Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today at the headquarters of the Abu Dhabi National Oil Company, ADNOC. Their Highnesses […]
Dubai Digital Evolution Index Shows Growth The World Economic Forum, WEF, has released its Digital Evolution Index, DEI, for 2017, classifying the UAE as a “Stand Out” country with an overall score of 3.22, which makes it the most advanced market in the Arab world and 22nd on a global level. Stand Out countries are […]
The UAE is successfully adjusting to the new “lower-for-longer” oil environment, and the government’s economic initiatives have been broadly in line with global and regional trends, an International Monetary Fund study has affirmed. The study, published by the IMF on its website, commends the progress made by the UAE over the past years to “strengthen […]
Changes From the SEC: Confidentiality is Key In a recent effort to foster increased public offering activity, the U.S. Securities and Exchange Commission (SEC) announced on 29 June 2017 that it will permit all companies to submit voluntary draft registration statements relating to initial public offerings (IPOs), certain follow-on offerings and national securities exchange listings […]
Dubai’s non-oil foreign trade grew 2.7 percent to reach AED327 billion in the first quarter of 2017, compared with the AED318 billion in the same quarter of 2016, according to the data published by Dubai Customs. H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive […]
Global Stock Investors Seeing Record Market Highs $DIA, $SPY, $DAX, $DJSH, $N300, $NSEI Year to Date (YTD) investors in global stock markets are seeing record highs. Record marks for the widely-followed country indexes occurred in the context of notably low volatility, adding to investor comfort and a sense of accomplishment. All of this was accompanied […]
Emaar to List UAE Real Estate Development Business in Dubai The developer will list 30% of its UAE real Estate Development business Dubai developer Emaar has announced plans to list 30% of its UAE real Estate Development business on the Dubai Financial Market (DFM). The funds raised through the sale of equity will be primarily […]
The Mohammed bin Rashid Fund, MBRF, the financial arm of Dubai SME, an agency of Dubai Economy mandated to develop the small and medium enterprise, SME, sector, and Beehive, the first and only regulated peer-to-peer lending platform in the MENA region, providing innovative online financing solutions for SMEs, have signed an MoU to facilitate SME […]
The Foreign Direct Investment, FDI, inflows into the UAE grew by 2.2 percent in 2016 to US$9 billion from $8.8 billion in 2015, according to the World Investment Report 2017 released by UN Conference on Trade and Development, UNCTAD, where the UAE is ranked 12th on the list of top countries for FDI for the […]
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chairman of the Higher Committee of Expo 2020 Dubai, today inaugurated the UAE pavilion at Expo 2017 Astana. H.H. Sheikh Ahmed bin Saeed Al Maktoum was accompanied by Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of […]
The Stock Markets Signal President Trump is Safe in the Oval Office $DIA, $SPY, $QQQ, $VXX Many people love President Donald Trump, and many hate him to the point of stress and hysteria, so much so that they are becoming obese as the result. I know a Trump hater that looks like he put on […]
China Construction Bank Lists Debt on Nasdaq Dubai Guo You, Chairman of the Board of Supervisors of China Construction Bank, CCB, today rang the market-opening bell to celebrate the listing of a US$1.2 billion bond on Nasdaq Dubai, the region’s international financial exchange. The listing by the Hong Kong Branch of CCB, one of China’s […]
The Middle East, Oil and the Future “The Economies of the GCC States in the Post-Oil Era: Horizons and Solutions” was the underlying theme of a seminar in which Fujairah Chamber of Commerce and Industry participated in Oman recently. The seminar, organised by the Oman Chamber of Commerce and Industry, sought to identify the nature […]
A Markit iBoxx USD Sukuk Index was launched Emirates NBD Wednesday to provide a high-quality, objective and transparent benchmark for investors in USD Sukuk. Launched in collaboration with IHS Markit, a world leader in critical information, analytics and solutions, the index combines extensive market knowledge from Emirates NBD with IHS Markit’s deep expertise in the […]
Emirates Remains World’s Best Airline Emirates confirmed on Tuesday that its new First Class product will be showcased at the Dubai Air Show in November. Making its debut onboard a Boeing 777-300ER, Emirates’ new First Class cabin will feature 6 private suites laid out in a 1-1-1 layout, compared to the existing 8 private suites […]
The US Entitlement State is Not Sustainable $AAPL, $AMZN, $FB, $GOOG The US government’s entitlement programs: Social Security and Medicare, down to food stamps and spending on the arts are closing in on 70% of our spending. Add in interest our increasing debt, and very little of what the government spends money on goes to […]
The Trump Rally Extends: Stocks in the Defense Sector Mark Record Highs $DIA, $SPY, $QQQ, $VXX President Donald Trump’s approval of $110-B in arms sales to Saudi Arabia gave stocks in the defense sector a lift to record highs Monday. The deal includes $350-B more in defense support over 10 years. Lockheed Martin (NYSE:LMT) was […]
DDE Sold 5000 Carats Of Diamonds To Transatlantic Gems The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, today announced the successful conclusion of the first of six tenders scheduled for 2017. The tender was held at the Almas Tower and was facilitated by the Dubai Diamond Exchange in a secure, transparent and regulated environment, […]
UAE stock markets were calm on the last day of April with some shares closing slightly up. A number of brokerage companies have opted for clearing the short positions of their clients with the objective of settling their monthly financial statements before referring them to the Securities and Commodities Authority. While a number of leaders […]
“The Big 3 US Carriers ‘swindle’ Their Customers.”– Qatar Airways CEO $UAL, $DAL, $AAL Akbar Al Baker says he is not worried about The Trump Administration siding with the Big 3 US airlines The Big 3 US airlines, Delta (NYSE:DAL), American Airways (NYSE:AAL) and United (NYSE:UAL) which are lobbying against the GCC airlines, are “self-centred” […]
HEFFX Update Online Presence Livetradingnews.com and HEFFX.com are undergoing rebuilds. LTN will focus on research in the USA and the Emerging Markets of Asia and the Middle East. HEFFX will expand it’s growing business in consulting Ecommerce Ecommerce remains a focus of our developments, Ecommerce in Emerging Markets will be a primary objective over the […]
Oman’s state-owned energy producer Oman Oil is thinking about selling some of its assets and listing on the local stock market. This follows the planned initial public offering (IPO) by Saudi Aramco. Oman Oil Company S.A.O.C. (OOC) is a commercial company wholly owned by the Government of the Sultanate of Oman. The Company was incorporated […]
Emaar Malls approves 10 pct cash dividend of AED1.3 bln for second consecutive year The second annual general meeting of Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties, today approved a proposal by the Board of Directors to distribute 10 per cent of the share capital, equivalent to AED1.301 […]
Nasdaq Dubai welcomes listing of Dar Al-Arkan Yousef Bin Abdullah Al-Shelash, Chairman of Saudi Arabia’s Dar Al-Arkan Real Estate Development Company, today rang the market opening bell to celebrate the listing of a 500 million US Dollar Sukuk on Nasdaq Dubai. The listing provides strong support for Dar Al-Arkan’s capital-raising strategy as it prepares for […]
Global Business Executives are Bullish – The 2017 A.T. Kearney Foreign Direct Investment Confidence Index® shows investors regard FDI as a growth opportunity amid rising anti-globalization sentiment – The US holds the top spot, with Germany rising to take the 2nd position and China falling to 3rd. Rounding out the top 5, the UK moves […]
Dubai: FinTech Hive at DIFC Dubai International Financial Centre (DIFC) announced on Sunday it would receive applications for its ‘FinTech Hive at DIFC’ accelerator programme from 17th April 2017, following registered interest from over 200 companies since its launch in January. The 12-week programme helps early and growth-stage financial technology (FinTech) companies accelerate product and […]
Waha Capital (WAHA:AD) Heffx Technicals Stock Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 2.05. The projected upper bound is: 2.01. The projected lower bound […]
Dubai Financial Market (DFM:DU) Heffx Technicals Bearish Trend Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 1.33. The projected upper bound is: 1.37. The projected lower […]
Arabtec Holding (ARTC:DU) Heffx Technicals Stock Overbought Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 1.05. The projected lower bound is: 0.81. The projected closing price is: 0.93. Candlesticks A white […]
Air Arabia (AIRA:DU) Heffx Technicals Time to Buy? Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 1.17. The projected upper bound is: 1.17. The projected lower […]
Emaar Malls (EMAA:DU) Heffx Technicals Stock Consolidating Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 2.63. The projected upper bound is: 2.76. The projected lower bound is: 2.60. The projected closing price is: 2.68. Candlesticks A […]
Dubai Islamic Bank (JDIB:AM) Heffx Technicals Stock Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 1.26. The projected upper bound is: 1.26. The projected lower bound is: 1.20. The projected closing price is: 1.23. Candlesticks […]
ALDAR Properties (ALDR:AD) Heffx Technicals Stock Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 2.40. The projected lower bound is: 2.17. The projected closing price is: 2.28. Candlesticks During the […]
Abu Dhabi Commercial Bank (ADCB:AD) Long Term Bullish Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 7.00. The projected upper bound is: 7.20. The projected […]
Emaar Properties (EMAR:DU) Heffx Technicals Stock Overbought Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 7.79. The projected lower bound is: 7.21. The projected closing price is: 7.50. Candlesticks A white body occurred (because prices closed higher than they opened). During […]
SHUAA Capital (SHUA:DU) Heffx Technical Analysis Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 1.93. The projected lower bound is: 1.59. The projected closing price is: 1.76. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
Deyaar Development (DEYR:DU) Heffx Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 0.61. The projected lower bound is: 0.54. The projected closing price is: 0.57. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]
Ras Al Khaimah Ceramics (RKCE:AD) Time to Buy? Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 2.38. The projected upper bound is: 2.35. The projected lower […]
Amanat Holdings (AMANT:DU) Heffx Technicals Stock Consolidating Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.18. The projected lower bound is: 1.04. The projected closing price is: 1.11. Candlesticks A big white candle occurred. This is generally considered bullish, as prices […]
Agthia Group (AGTH:AD) Heffx Technicals Stock Overbought Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 6.64. The projected lower bound is: 5.99. The projected closing price is: 6.32. Candlesticks During the […]
Dana Gas (DANA:AD) Stock Technicals Currently Bullish Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.49. The projected lower bound is: 0.41. The projected closing price is: 0.45. Candlesticks A big […]
Waha Capital (WAHA:AD) Heffx Technicals Stock Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 2.08. The projected upper bound is: 2.03. The projected lower bound […]
Dubai Financial Market (DFM:DU) Heffx Technicals Bullish Divergence Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 1.33. The projected upper bound is: 1.40. The projected lower bound is: 1.20. The projected closing price is: 1.30. Candlesticks […]
Arabtec Holding (ARTC:DU) Heffx Technical Analysis Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 1.05. The projected lower bound is: 0.80. The projected closing price is: 0.93. Candlesticks A white body […]
Air Arabia (AIRA:DU) Time to Buy? Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 1.17. The projected upper bound is: 1.16. The projected lower bound is: […]
Major Abu Dhabi Lenders Merge, Create UAE’s Largest Bank Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have completed a merger to become the largest bank in the country under the name First Abu Dhabi Bank. The new bank has total assets of $180-B […]
Dubai succeeded in attracting 247 new foreign investment projects, standing third behind London and Singapore in new investment initiatives in 2016, said Fahad Al Gergawi, CEO of Dubai Investment Development Agency, an agency of Dubai Economy. Dubai attracted AED25.5 billion in foreign direct investment, FDI, in 2016. The city also maintained its position among the […]
With Amazon now in the process of buying souq.com, it is almost certain that online shopping will take off in a serious way. Amazon’s acquisition is both a bet and a promise: a bet that e-commerce will take off across the Middle East, and a promise that Amazon, with its enormous experience and financial heft, […]
ALDAR Properties (ALDR:AD) Time to Buy? Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 2.37. The projected lower bound is: 2.14. The projected closing price is: 2.25. Candlesticks A white body […]
Abu Dhabi Commercial Bank (ADCB:AD) Stock Technicals Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 7.01. The projected upper bound is: 7.08. The projected lower […]