Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this week
trading and investment
Latest in trading and investment
Sarwa
No safety net? UAE expats turn to investment apps as local platform boom fills pension void for thousands
The shift reflects mounting awareness among the UAE’s expatriate majority about the need to secure their financial futures without state pensions
Abu Dhabi bourse
Emirates NBD unlocks ADX trading for customers
Traders can open an instant trading account through the new partnership
google trends
UAE named the fifth most stock-obsessed country in the world
A study of stock market-related Google Trends data shows the UAE to be ranked in the top-five behind Singapore, India, Canada and the United States
Capital Markets
Increased trading and new IPOs help DFM’s net profit surge to $24.83 million
Market capitalisation of listed securities increased 40 percent to AED575.5 billion
Capital Markets
UAE Financial Markets Association signs pact with ICMA to boost bilateral cooperation
The agreement also covers exchange of expertise and information on regulatory developments and international best practices in the financial markets sector
DFM
Emirates NBD Securities’ new platform to enable ‘instant’ trading on Dubai stock market
Emirates NBD, which is the emirate’s biggest lender, will allow customers to instantly acquire a DFM investor number (NIN) and Emirates NBD Securities brokerage account
Artificial intelligence
The role of the metaverse and the future of trading, according to VI Markets CEO
As technology continues to advance, Talal Al Ajmi, founder and CEO of VI Markets, explains how specific technological innovations including virtual reality (VR) and augmented reality (AR) are going to steadily shift the way we trade and interact with currencies in the metaverse
alternate investment funds
Indian entrepreneur looks to woo cash-rich Middle East investors with maiden wealth fund
The fund, to be launched by Kamath’s investment venture True Beacon later this week, aims to mop up $100 million in the first year of operation
financial future
How global Covid pandemic has energised the new generation of traders
Lex Webster, co-CEO, Exinity Group, believes millennials-turning-traders are charting their own investment paths
Exinity Group
How the pandemic fuelled the rise of retail investors
Legacy of economic uncertainty, increasing popularity of e-trading platforms and a changing perception of risk have all played a role, says Lex Webster, co-CEO of Exinity Group