#trading

Oil

Oil poised for second weekly decline on gloomy demand outlook

Oil is trading near the lowest level since September

Crypto

Bitcoin breakout stalls with daily trading volume also tumbling

Cryptocurrencies, like other riskier investments, have been suffering in a tighter-monetary-policy environment

Bitcoin rally loses momentum as expectations for Fed shift eases

Bitcoin, the largest digital coin by market value, dipped as much as 2.9 per cent on Wednesday

Salik

Dubai’s Salik soars in trading debut after huge IPO order book

The Middle East has been one of the most active IPO markets in 2022

Emirates-NBD Securities launches onboarding platform

Emirates NBD Securities launches end-to-end digital onboarding platform

The improved onboarding process also provides access to other regional exchanges, advanced trading platforms and mobile app

altcoins

Crypto altcoins lead push higher as Bitcoin jumps above $22,000

Ether jumped as much as 10.7 per cent on Tuesday in Asia, while Solana added 13 per cent and Polkadot about 7 per cent

Union Coop begins first day of trading on Dubai Financial Market

Union Coop begins first day of trading on Dubai Financial Market

Trading commenced under the symbol ‘UNIONCOOP’ on July 18

Tecom Group commences trading on the Dubai financial market

Tecom Group commences trading on Dubai Financial Market

A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued

Dubai-Internet-City Tecom Group

Dubai’s Tecom Group sets IPO price range at Dhs2.46-2.67

The final offer price is expected to be announced on June 27, 2022

Oil extends decline as Europe softens some Russian sanctions

West Texas Intermediate futures fell below $103 a barrel in early Asian trading

Qatar brings global photography app Explorest to the Middle East

Mannai surges after plan to sell Inetum at $2bn valuation

The shares jumped 10 per cent in Doha to the highest level since 2016, taking their gains this year to 114 per cent

Bahrain-based cryptocurrency platform Rain announces 0% trading fees

The simplified fee structure aims to help customers feel more comfortable and confident placing their first trade in the crypto world

Abu Dhabi Global Market

World’s first regulated carbon credit trading exchange to launch in UAE

Corporates will be able to trade and finance carbon credits like conventional financial assets

Bitcoin is struggling below $45,000 but there are signs it could break out

Bitcoin is well above its 50-day moving average, which currently sits around $41,085

Biggest Saudi listing since Aramco surges on trading debut

Nahdi’s IPO is the largest listing in the kingdom since Saudi Aramco raised almost $30bn in 2019

Charting the growth of the regional fintech ecosystem

Saxo Bank MENA’s CEO Damian Hitchen talks about the region’s fintech space and the challenges faced by the financial sector

How DeFi is reshaping the financial markets

Decentralised exchanges, one of the largest contributors to DeFi growth, reported more than $1tn in trade volume over the last year

Abu Dhabi to house zero-waste wholesale food trading hub

The food hub will assemble wholesale buyers, sellers, logistics players and distributors from across the world

Millennials – the first generation in history with true financial freedom

As digital natives, this is a generation that expects answers instantly and in real-time: and that is the key to successful trading

Century Financial

Power Letters 2022: Bal Krishen, chairman, Century Financial

A sudden policy shift by central banks anxious to tame surging inflation could be one of the downside risks for global stocks next year

Future Fintech’s FTFT Capital launches cryptocurrency platform

FTFTX collects global currency and market data, directly linking markets and exchanges and making the data available to users 24 hours a day

Oil extends drop as investors assess reserve release, Covid wave

Oil rallied to the highest level since 2014 in October but has faltered over the past month

Everyone has the right to invest in financial markets

The online trading revolution has long started in other parts of the world

Saudi stock exchange set for December trading debut, CEO says

The offering could value the bourse at between $3bn and $4bn

Biggest Saudi IPO since Aramco jumps 30% on trading debut

ACWA Power is now valued at $14.2bn, making it one of the biggest listed companies in Riyadh

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Biggest Saudi IPO since Aramco set for Riyadh trading debut

Initial demand amounted to several billion dollars

Abu Dhabi Exchange cuts trading fees, extends trading hours

The Dubai Financial Market also said Saturday it will extend trading time to five hours daily as of October 3

Bitcoin knocks on door of $50,000 after rising above resistance

Bitcoin has recovered after trading in a range of about $30,000 to $40,000 for many weeks

Bitcoin hovers around $40,000 as cryptos bounce back from rout

Bitcoin is about $25,000 shy of its mid-April record of almost $65,000

Banque Saudi Fransi picks Finastra to automate treasury and trading ops

Bank can connect to Finastra’s open platform which is in line with SAMA’s Open Banking initiative