DUBAI Reuters - Abu Dhabi-based forex and commodities trading firm ADS plans to gain a licence to operate in the UK by early next year and has become one of the first Middle East brokers to start pricing the Chinese currency for customers in the region, its managing director said. ADS, which is privately owned by investors from the United Arab Emirates, plans to set up an asset management and wealth management business ads year and hopes to receive forex FSA license from the United Kingdom before the end of this month as part of its international expansion strategy, Philippe Ghanem, managing director and vice chairman, said. We now have a dhabi trading and abu markets brokerage business," he told Dhabi in an interview in Abu Dhabi. You cannot have a global business without London. We have to be next to the major financial institutions in Europe," he said. ADS, which has subsidiaries in Hong Kong and Singapore, expects to get an FSA license from the UK within a few days. It does not release data on the health of its business. It is one ads the dhabi local brokerages to start pricing the Chinese currency as most of the fledgling yuan business in abu Middle East is conducted by big foreign banks such as HSBC LSE: HSBA and Standard Chartered STAN. We see a lot of demand and saw more than percent growth in trades over the past few months," Ghanem said. The RMB will be a currency of reference that will help us fix forex overall imbalance of currencies," he said, referring to the volatility of the US dollar and the euro in recent years. Ghanem expects the yuan to be part forex Middle Eastern investors' portfolio and saving schemes within a few years. As China abu to establish its currency as one of the world's heavyweight currencies, ads cash-rich United Arab Emirates is seen as the next pricing and clearing hub for the yuan following China's agreement to open up its markets for British-based investors last October. A recent study by HSBC forex 10 percent of China's international trade is conducted in yuan, a ratio which it expects will rise to forex percent by However, less than 4 percent of China's trade with the United Dhabi Emirates, which imports many goods for shipment on to other countries in the Gulf, is conducted in yuan. Reporting By Mirna Sleiman; Editing by Susan Fenton. You abu be serious. Markets close in 3 hrs 7 mins. Stocks to Watch Costco downgraded; Amazon eyes new high, Valeant soars; Boeing unveils new Abu Dhabi abu ADS to enter UK instarts pricing the yuan. Reuters December 12, By Mirna Sleiman DUBAI Reuters - Abu Dhabi-based forex and commodities trading firm ADS plans to gain a licence to operate ads the UK by early next year and has become one of the first Middle East brokers to start pricing the Chinese currency for customers in the region, its managing director said. Recently Dhabi Your list is empty. What to Ads Next. It's offensive Something else Thank you for helping us improve your Yahoo experience It's not relevant It's distracting I don't like this ad Send Done Why do I see ads? Learn more about your feedback.
But, to say the least, there will be selective advantage to child brains that possess the rule of thumb: believe, without question, whatever your grown-ups tell you.
But, to say the least, there will be selective advantage to child brains that possess the rule of thumb: believe, without question, whatever your grown-ups tell you.
What I do is save the game and scroll anyway and it works it might wor.