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FOREX

23 stories

Digital Gold

DMCC and ComTech partner up to digitise gold trading

Through the tokenization of the precious metal, which is backed by actual gold bars recorded on Dubai Multi Commodities Centre (DMCC) Tradeflow, Dubai’s DMCC has teamed up with ComTech Gold to digitise the trading of gold. DMCC Tradeflow is an online portal for registering the ownership of goods kept in UAE facilities that were introduced […]

Vandana Srinivas2 min read
Recession

Recession in 2023 because of global rate hikes, says World Bank

According to the World Bank, interest rate increases by central banks around the world could lead to a global recession in 2023. To combat rising prices, central banks have increased rates “with a degree of synchrony not witnessed over the preceding five decades,” the report said. The rate of price growth, or inflation, just reached […]

Vandana Srinivas2 min read
alibaba

Alibaba applies for dual primary listing in Hong Kong

Alibaba intends to add a primary listing in Hong Kong to its New York presence, seeking mainland Chinese investors as the first major corporation to take advantage of a regulation change in the financial centre to attract high-tech Chinese enterprises. Alibaba’s Hong Kong-listed shares increased by 6%. The shares of the tech titan are already […]

Vandana Srinivas1 min read
cybersecurity

CyberSecurity – A Threat to the Digital Acceleration in the Middle East

Cybersecurity attacks are a persistent issue, particularly for Middle Eastern businesses and organizations. These threats can halt operations, damage a company’s reputation, and result in costly legal action. The more technology a company relies upon, the more vulnerable it is to cyberattacks and challenges. Hackers are increasingly focusing on Middle Eastern firms that are converting […]

Vandana Srinivas9 min read
LIC shares fall

LIC shares slump after debut as India’s biggest IPO

Shares of the state-owned Life Insurance Corporation of India (LIC) were set to open at an 8% discount from their IPO price on Tuesday. In pre-open trade, LIC shares were trading at 872 rupees, compared to the offer price of INR 949. This valued the company at ₹5.7 trillion (INR) or $73 billion (USD). Since […]

Vandana Srinivas2 min read