Invest Offshore

Tag: Dubai

  • New Law to Introduce REITs to Dubai

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    Aaron
    in

    Legislative moves to introduce a Real Estate Investment Trusts (Introduce REITs to Dubai) under the jurisdiction of the Dubai International Financial Centre (DIFC) are reportedly underway by the Dubai Financial Services Authority (DFSA), the independent regulator of the DIFC. “The proposed Investment Trust Law introduces a new investment vehicle for use by Funds to facilitate…

  • Dubai Currency Futures Trading

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    Aaron
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    The Dubai Gold & Commodities Exchange will begin the Persian Gulf’s first trading of currency futures on June 12, said Chief Executive Officer Framroze Pochara. We will start with euro-dollar and pound-dollar currency futures in lots of 50,000, and yen-dollar futures in lots of 5 million… A currency future, also FX future or foreign exchange…

  • Gulf Arabs Bet Theme Park, Cargo Firm Will Temper Next Oil Bust

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    Aaron
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    Persian Gulf monarchies, flush with record oil revenue, are betting that a $7.5 billion theme park with an indoor ski slope, a $1.2 billion power grid and a $1.2 billion cargo shipper will shield them from the next energy bust. Gulf investors have announced $8 billion of overseas acquisitions in the past 18 months, including…

  • Glittering future predicted for Dubai gold exchange

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    by

    Aaron
    in

    Dubai: The Dubai Gold and Commodities Exchange (DGCX), which is expected to go live this year, will float a fully owned subsidiary to carry out the settlement of trades on the exchange. David Rutledge, chief executive officer of the Dubai Metals and Commodities Centre (DMCC), said the new clearing house being established by DGCX will…