DUBAI / WAM Volumes on the Dubai Gold and Commodities Exchange (DGCX) crossed over 11 million contracts this year, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year increase of 47%, driven largely by elevated trade volumes across precious metals, currencies, equities and hydrocarbon segments. The exchange also recorded the …

  Bloomberg Emerging-market stocks retreated from their highest level in a year as oil’s descent into a bear market weighed on energy producers and investors assessed the outlook for the global economy. Shares in Russia and the oil-exporting Gulf region led losses as oil traded near $40 a barrel in New York after tumbling to the lowest close since April …

  Dubai / WAM AED1 billion is set to be invested in projects and companies of Dubai Future Accelerators – the ambitious programme launched to advance research and development, and entrepreneurship, in strategically important sectors in the UAE. The move follows the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. …