#Asset

Art

How art is being incorporated into investment portfolios for diversification

Developments within the art market over the last decade have been followed almost as closely as those within the stock market

Boursa Kuwait reports 13.3% rise in 2022 net profit

Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent

Dubai Islamic Bank

Dubai Islamic Bank posts 34% rise in group net profit for Q1-Q3 2022

The bank reported total income of Dhs9.873bn, rising 10 per cent year-on-year, compared to Dhs8.94bn last year

Bitcoin

Bitcoin tumbles as much as 7.1% to drop back below $30,000

Bitcoin has been strongly correlated with risk assets for much of the past couple years

Gold

Gold holds weekly gain as dollar extends drop on risk sentiment

Bullion has risen past $1,850 an ounce in the second half of May

Bitcoin may still be primed for a further drop from range

Bitcoin is holding up relatively well compared with some of its peers

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How and why are NFTs disrupting the world of art, music and retail

A non fungible token is a scarce, verifiable, secure asset with proof-of-ownership at its core

How art is gaining traction as an alternative investment option

Investors are now starting to recognise art as an attractive alternative asset class that offers a great option for diversification

Can GCC banks withstand further shocks due to the pandemic?

GDP growth in the GCC countries will slowly recover from last year’s sharp recession