Finance World

A digital currencies wallet and trading platform which offers an additional cash deposit service today launched in the UAE.

Bitex UAE offers customers multiple cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash at competitive rates for buying, selling and trading.

ENBD REIT (CEIC) Limited (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its Net Asset Value for the 6-month period ended 30th September 2018. ENBD REIT’s NAV stood at USD 285 million (USD 1.12 per share), compared with USD 289 million in the previous quarter, as a result of valuation losses driven by soft real estate market conditions. The Board of Directors has proposed to pay an interim dividend of USD 0.0270 per share from the net rental income generated during the period, subject to approval by shareholders of a Reduction of Capital at the General Meeting on 27th November 2018.

With 1.8 billion Muslims in the world and an Islamic economy - which complies with Islamic laws – growing, John Defterios reports that Dubai is positioning itself as the global capital of the Islamic economy.

The Bloomberg Commodity Index, which tracks a basket of major commodities within the three major sectors of energy, metals and agriculture, was on track to show its first weekly rise in six. Gains in energy and metals, both industrial and precious metals helped offset losses in agriculture commodities.

The average expat will spend just seven years in the UAE. While this might not seem very long, with financial discipline, committed saving plans and smart investment products it is enough time to realise their dreams of becoming a millionaire.