Forex Trading in UAE – A brief look

Forex trading in UAE is evolving day by day. I remember before several years ago when I was searching for a Forex broker. It was indeed a time consuming and daunting task with the very limited choices available. But now, it is interesting to see several brokerage companies from USA, UK and Europe bringing their services into UAE with excellent features. This is not a surprise now as more and more people around the world are becoming aware of the potentials of Forex trading. Although I am quite aware of the thriving Forex market in UAE, I was focused more on other investment opportunities including real estate, metal trading and precious metals trading. It is interesting to know that trading and investing are quiet active in UAE, basing from the community of traders in UAE sharing advices and strategies with one another. Traders in the UAE are quiet competent whatever the condition of the…

ADS Joins hand with Online trading academy - Dubai

ADS Securities (ADSS) today announced a sponsorship agreement with the Online Trading Academy (OTA) Dubai to provide a range of benefits for existing and prospective Forex traders across the region as part of its efforts to raise awareness and educate the region on FX markets and trading.  The agreement will see ADSS offer OTA Dubai students access to additional information, support and strategy advice as well as special trading rates, when they complete an OTA course. Furthermore, OTA Dubai will be running weekly workshops at ADSS's new, purpose built FX and commodities training centre to provide a free introduction to FX trading for anyone wishing to start their FX investment careers.  Believed to be the first facility of its type to be opened in Abu Dhabi and based at the same location as ADS Securities International Headquarters, the ADS Securities Banking and Training LLC will…

Standard Chartered Bank launched online Forex service

Standard Chartered Bank has announced the launch of enhanced online foreign exchange services through its secure banking platform Straight2Bank.  It brings a choice of 130 global currencies to the bank's clients in Bahrain, the UAE, Oman and Qatar. It is seamlessly accessible to all corporate clients through the platform. This added advantage allows clients to access international trade currencies within Straight2Bank - ultimately making currency payments for Middle East-Asia and intra-Middle East trade relationships faster and executed in a currency of choice. The product innovation saves clients' unnecessary costs in currency conversions and avoids the inherent risks associated with fluctuating currency rates - a challenge most traders face when dealing with trade partners outside their economies. Standard Chartered corporate clients can now access instantaneous foreign curr…

Abu Dhabi Stocks Gain On Europe, Etisalat Bets; Dubai Retreats

Abu Dhabi stocks rose the most in a month on bets the government may permit foreigners to buy shares of Emirates Telecommunications Corp. (ETISALAT) and amid optimism Europe’s policy makers will take steps to ease the debt crisis.
Etisalat, as the phone company is known, advanced the most since June. First Gulf Bank PJSC (FGB), Abu Dhabi’s third-biggest bank, increased 1.3 percent. The ADX General Index gained 0.6 percent, the most since June 21, to 2,485.51 at the close in the emirate. Dubai’s DFM General Index (DFMGI) slipped less than 0.1 percent, while the Bloomberg GCC 200 Index (BGCC200) of stocks in the region gained 0.2 percent. State-controlled Etisalat will “soon” allow foreigners to own its shares, Al Khaleej reported, citing Group Chief Executive Officer Ahmad Abdulkarim Julfar. Etisalat is 60 percent owned by state-controlled Emirates Investment Co., according to data comp…