11 Updates

Dubai gold bourse volumes rise 56 percent

Nov 12 2013, 6:20am CST | by IANS

Dubai, Nov 12 (IANS/WAM) The year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 56 percent in October from the same period last year to total 12.17 million contracts, valued at $25 billion.

Dubai, Nov 12 (IANS/WAM) The year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 56 percent in October from the same period last year to total 12.17 million contracts, valued...

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36 weeks ago

Dubai gold bourse volumes rise 56 percent

Nov 12 2013, 6:20am CST | by IANS

Dubai, Nov 12 (IANS/WAM) The year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 56 percent in October from the same period last year to total 12.17 million contracts, valued at $25 billion.

Dubai, Nov 12 (IANS/WAM) The year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 56 percent in October from the same period last year to total 12.17 million contracts, valued at $25 billion.

Among the key highlights of October trading was the robust growth of precious metals contracts.

Gold futures volumes increased 60 percent from last month to reach 45,928 contracts while silver futures rose 88 percent, hitting its highest monthly volume of 2,882 contracts this year.

"The precious metals sector, especially gold, continues to be a key focus of the exchange's strategic product portfolio expansion plans," Gary Anderson, chief executive officer of DGCX, was quoted as saying Tuesday.

"The imminent launch of our spot gold contract will strengthen the exchange's precious metal product offering. With almost a quarter of all physical gold traded globally passing through Dubai, we believe there is a very strong market for a spot gold contract," he added.

According to Anderson, such a contract will not only help merchants enhance price risk management and profitability, but "will also enhance liquidity in the gold market by removing the need for offshore credit and collateral for gold trading".

October trading volumes helped DGCX gold futures increase its market share in Asia by 2 percent, reinforcing its status as one of the highest traded gold futures contract in Asia.

The DGCX Indian rupee futures continues to be the highest traded offshore rupee futures contract in the world.

The contract's market share in global rupee futures trading stood at 33.69 percent in October, significantly above all other exchanges offering offshore trading in the contract.

--IANS/WAM

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IANS

Source: IANS

 
Update
11

3 days ago

Collaborate Across Teams, Silos, and Even Companies

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Everywhere I turn right now, I hear leaders talking about their need for collaborative leadership. It’s being identified as the fundamental differentiator in achieving strategic objectives. In order to make a difference though, it has to go beyond the polite, thoughtful behaviours of involving others, sharing information and lending strength when it’s needed. I define real collaborative leadership as: facilitating constructive interpersonal connections and a ...
Source: Harvard Business Review   Full article at: Harvard Business Review
 

 
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10

1 week ago

IHC directs govt to take up issue with UAE

Jul 17 2014 2:00pm CDT | Source: The Nation - Pakistan

ISLAMABAD - The Islamabad High Court (IHC) Thursday directed the federal government to officially take up the matter of the petitioner’s missing son Omar Mateen with the government of Dubai, UAE. A single bench of IHC comprising Justice Noor-ul-Haq N Qureshi issued these directions while hearing a petition of Qurban Raja, a retired deputy commissioner Income Tax, who m ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
9

1 week ago

Vodacom Mozambique partners with Flytxt

Jul 17 2014 7:46am CDT | Source: Africa Business

Dubai, July 17th, 2014: Flytxt, the Big DataAnalytics solution provider for Communication Service Providers (CSPs), announced their strategic tie up with Vodacom, Mozambique’s leading mobile network. Flytxt, through its Big data technology and analytics driven solutions, will enable Vodacom to enhance revenue and customer experience by ...
Source: Africa Business   Full article at: Africa Business
 

 
Update
8

1 week ago

Boeing finalizes $18.9B Qatar order at Farnborough

Jul 16 2014 11:51am CDT | Source: Wichita Business Journal

The Boeing Co. on Wednesday announced it has finalized a deal with Qatar Airways for 50 of the company’s new 777-9X aircraft. The order, first announced as a commitment at the 2013 Dubai Airshow, is valued at $18.9 billion. Boeing (NYSE: BA) said in a press release that the deal also includes purchase rights for 50 additional 777X aircraft, which could push the deal’s total value at list prices to $37.7 billion if exercised. Qatar also intends to order four 777 Freighters, with options for… ...
Source: Wichita Business Journal   Full article at: Wichita Business Journal
 

 
Update
7

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Two Grants to reach Pakistan today

Jul 15 2014 2:00pm CDT | Source: The Nation - Pakistan

BIPIN DANI MUMBAI The two foreign support-staff members of the Pakistani team will reach Lahore today (Wednesday). Two Grants (Grant Flower and Grant Luden) have been appointed by the Pakistan Cricket Board (PCB) as batting coach and trainer respectively. Luden will also act as team's fielding coach. Zimbabwean Flower and South A ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
5

2 weeks ago

Agony of women enslaved by Dubai sex trade

Jul 14 2014 2:00pm CDT | Source: The Nation - Pakistan

FAISALABAD - Zunera once dreamed of becoming a computer engineer. Instead, aged 16, the bright-eyed Pakistani girl was tricked into prostitution in the UAE, beginning a four-year nightmare of cruelty, violence and rape. Pakistan has long been an important source of cheap labour for the Gulf state, particularly its booming construction sector. But campaig ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
4

2 weeks ago

CREDIT SUISSE: This Is What The World Stock Market Will Look Like In 2030

Jul 11 2014 8:49am CDT | Source: Business Insider

Here's a fascinating projection that Credit Suisse Research just tweeted. By 2030, Credit Suisse expects the global stock market to balloon to $284.2 trillion and look like what you see below. According to the World Federation of Exchanges, the total value of stocks in the top 60 major stock market exchanges was $62.4 trillion as of July 2014. SEE ALSO: 15 Facts About Dubai That Will Blow Your Mind Join the conversation about this story » ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
3

2 weeks ago

July 10, 2014

Jul 10 2014 7:13am CDT | Source: http://feeds.feedburner.com/TheMorningNews/features

Three years ago the Arab Spring brought hope, now replaced by ruin—outsiders, no matter their intention, can’t restore that future. #opinions If you want to eat in Lebanon, you must eat your dignity. Female Syrian refugees face constant sexual harassment. Dubai has unveiled its first state-sponsored construction project since the pre-crash bubble: an indoor city with hotels, shops, and trams. How Chinese development—“buildings, infrastructure, and urban dist ...
Source: http://feeds.feedburner.com/TheMorningNews/features  Full article at: http://feeds.feedburner.com/TheMorningNews/features
 

 
Update
2

2 weeks ago

Update: Boeing's Widebody Aircrafts Are On A Roll

Jul 10 2014 6:17am CDT | Source: SeekingAlpha

By BB Research:In a deal, Emirates has finalized to buy 150 777X widebody jets from Boeing (BA) for $56 billion. Dubai-based Emirates is the world's largest operator of Boeing's 777 aircrafts. Boeing's 777X is the next-generation widebody jet that is expected to go into production in 2017, with first delivery expected in 2020.Boeing just delivered its first 787-9 Dreamliner, a stretched version of the revolutionary Dreamliner aircraft, to Air New Zealand. The air ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
1

2 weeks ago

Emirates finalizes $56B offer for 150 Boeing 777Xs

Jul 9 2014 7:57am CDT | Source: Seattle Business Journal

Boeing Co. said Emirates has finalized its $56 billion offer to buy 150 777X airplanes. The order was originally announced at the 2013 Dubai Air Show and it also includes purchase rights for an additional 50 airplanes that, if exercised, could increase value to approximately $75 billion at list prices. Emirates currently flies 138 Boeing 777s, which is one out of every 10 777 ever built. "With the order for 150 777Xs, Emirates now has 208 Boeing 777s pending delivery, ...
Source: Seattle Business Journal   Full article at: Seattle Business Journal
 

 

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