Mar
29

Saxo Bank Dubai Wins the Bankers Middle East Best FX Platform Award

Saxo Bank Dubai Wins the Bankers Middle East “Best FX Platform” Award 2012

Emirates Towers, Dubai was the scene of The Bankers Middle East award show, at which Saxo Bank Dubai received the award for Best FX Platform in the Middle East Region.

Saxo Bank Dubai Ltd. opened office at the DIFC back in 2009 and has since then been a market maker in the region allowing Islamic Trade and lately launched the FX Trade App for iPhone (R) and Android.

In his thank you speach, Jakob Beck Thomsen, Head of Saxo Bank Dubai Limited, said: “I am honoured to accept the award on behalf of the Bank and my colleagues. This award reflects our commitment to respond to our clients and investors and provide the FX market with consistent competitive pricing.”

Read full story from The Wall Street Journal Market Watch website: Saxo Bank (Dubai) Ltd. Wins Banker Middle East Award.

Mar
21

Saxo Bank Co-sponsors the ACI World Congress in Dubai

Saxo Bank Co-sponsors the 2012 ACI Financial Markets World Congress in Dubai.

Saxo Bank has over the last years established a solid presence in Dubai, UAE. Since the opening of Saxo Banks office at the Dubai International Financial Centre (DIFC) in May 2009, Saxo Bank Dubai has experienced a steady growth and co-sponsoring the 51th ACI Financial Markets World Congress in Dubai is a natural step to support both the banks presence in the Middle East and also to help the Mena region make financial and economic progress for the years to come.

Feb
27

Saxo Bank Launches Saxo Trader for Smart Phones

Saxo Bank launches SaxoTrader for iPhone® & Android

The new app utilizes the open source HTML5 technology and provides fast, easy and convenient access to the financial markets for anyone with an interest in them. It is equipped with cross platform capabilities and is optimized for fast and responsive finger touch trading.

Henrik Dyrholm Holst, Head of Platform Development at Saxo Bank, says:
“We recognise that it’s more important than ever to differentiate ourselves from the other players in the market. This solution enables Saxo Bank’s clients to freely choose a mobile device while safely knowing that Saxo Bank provides an app. that supports their choice of device.”

Holst adds:
“While the launch today targets iPhone® & Android, the use of HTML5 allows us to quickly add to the list of supported devices and puts Saxo Bank ahead of our competitors who are struggling to cope with the overheads and support tasks required to maintain more platform specific apps. A device specific strategy for investing is not appropriate in the highly volatile market conditions where mobile users routinely loose or gain double digit markets shares in a few quarters. Wanting to untie Saxo Bank’s clients from making specific device buying decisions, Saxo Bank has chosen a platform independent strategy that enables us to let the clients chose the device they are most comfortable with when they trade anytime, anywhere.”

 

Jan
30

Online Trading Specialist of Saxo Bank visits Dubai

Steen Jakobsen, Saxo Bank’s chief economist, to visit Dubai on 1 February

Steen Jakobsen, Chief Economist at Saxo Bank A/S, the online trading and investment specialist, will be visiting Dubai to discuss with financial media and professional investors of Saxo Bank Dubai Ltd, a wholly owned subsidiary of Saxo Bank A/S, the current market status in light of the recent crisis and the Bank’s outlook for the first quarter of 2012.

Steen Jacobsen believes 2012 could be the most pivotal year by far since the global financial crisis of 2008 and notes that a perfect storm in the Middle East and North Africa (MENA) area is based on good underlying fundamentals combined with almost imperfect visibility on geopolitical risk.

Dec
18

Basel III and Regulation Force 50 Banks to be Nationalized

BASEL III AND REGULATION FORCE 50 BANK NATIONALISATIONS IN EUROPE

As 2012 begins, pressure will mount on the European banking system as new capital requirements and regulatory pressure force banks to deleverage in a great hurry. This creates a fire sale on financial assets as there are few takers in the market. Troubled sovereigns, structural funding gaps and massive trading books set the scene for the largest bank rescue operation in Europe’s history. Politicians, eager to score points with the public, create a regulatory mob enforcing value destruction in the banking system “in the name of greater good”. A total freeze of the European interbank market forces nervous savers to make bank-runs, as depositors distrust deposit guarantees from insolvent sovereigns. More than 50 banks end up on government balance sheets and several known commercial bank brands cease to exist. Source: Saxo Bank Dubai

Dec
16

AUSTRALIA GOES INTO RECESSION IN 2012

Saxo Bank Outrateous Predictions 2012 #4 – AUSTRALIA GOES INTO RECESSION

The Chinese locomotive has been losing steam throughout 2011 as investment and real estate led growth becomes harder and harder to come by due to diminishing marginal returns. The effects of the slowing of the up-and-coming Asian giant ripple through Asia Pacific and push othercountries into recession. If there ever was a country dependent on the well-being of China itis Australia with its heavy dependence on mining and natural resources. And as China’s demand for these goods weakens Australia is pushed into a recession, which is then exacerbated as the housing sector finally experiences its long overdue crash – a half decade after the rest of the developed world. Saxo Bank Dubai

Dec
16

Saxo Bank Outrateous Predictions 2012 #3

A YET UNANNOUNCED CANDIDATE TAKES THE WHITE HOUSE

In 1992, a savvy, yet highly erratic Texas billionaire named Ross Perot managed to take
advantage of a recessionary economy and popular disgust with US politics and reap 18.9 percent
of the popular vote. Step forward to 2008, and Obama promises “real change” from eight years of
Republican rule as the economy is nose-diving. Now, three years of Obama has brought too little
change and only additional widespread disillusionment with the entire US political system.
Going into the election in 2012, the incumbent Democrats are in ideological disarray and will
get the blame for continued economic malaise and the favour-the-rich Republicans will never win
the popular vote with the US rich/poor gap at a record width and social tension rising. In
short, conditions for a third party candidate have never been riper. Someone smart enough to
sense this and with a strong programme for real change throws his hat in the ring early in 2012
and snatches the presidency in November in one of the most pivotal elections in US history,
taking 38 percent of the popular vote. A new political order is born. Saxo Bank Dubai

Dec
16

Saxo Bank Outrateous Predictions 2012 #2

EU DECLARES EXTENDED BANK HOLIDAY DURING 2012

The December EU Treaty changes prove insufficient to solve EU funding needs – particularly
those in Italy – and the EU debt crisis returns with a vengeance by mid-year. In response, the
stock market finally caves in and drops 25 percent in short order, prompting EU politicians to
call an extended bank holiday – closing all European exchanges and banks for a week or more. EU
leaders gather like Vatican cardinals at a conclave to hammer out a “New Europe”. This could
result in EU officials overstepping their mandate once again with new burdensome command and
control measures that further violate the principles of the EU and free markets. Regardless,
this “final” attempt leads straight to a popular overthrow of the old order and beginning
of destruction of the sovereign debt time bomb. A period of pain is inevitable, but this will
quickly allow a “new EU” to regroup with new membership and a new base from which its economies
and markets can start planning for the future, rather than dealing with the mistakes of the
past. Saxo Bank Dubai

Dec
16

The Stock of Apple Inc Plummets 50 Percent from 2011 High

#1 – The Stock of Apple Inc Plummets 50 Percent from 2011 High

No sovereign or corporate empire has ever maintained its superior position for long because
attacks mount and loyalty fades. Going into 2012 Apple will find itself faced with multiple
competitors such as Google, Amazon, Microsoft/Nokia, and Samsung across its most innovative
products, the iPhone and iPad. Apple will be unable to maintain its market share of 55 percent
(three times as much as Android) and 66 percent on the iOS and iPad as Android will gain
further momentum and Amazon’s low priced Kindle Fire will cut deeply into Apple’s tablet reign.
In relation to current earnings Apple is not expensive but expectations about future
profit growth will come down hard as competition reaches insane levels and crushes Apple’s
profit margins.

See all Saxo Bank 2012 predictions: Saxo Bank Outrateous Predictions 2012

Nov
24

Saxo Bank Dubai enables online Islamic trading

Online trading and investment specialist, Saxo Bank Dubai, has today enabled its clients to identify and trade Islamic compliant stocks and ETFs on more than 25 exchanges worldwide.

In an interview, Jakob Beck Thomsen, Regional head of Middle East and CEO Saxo Bank (Dubai) Ltd., said:

“Islamic finance is one of the fastest growing sectors in the world today and we are excited to enable our clients to identify and trade Islamic compliant stocks online. IdealRatings is the industry’s most trusted brand for identifying and researching Islamic compliant stocks and we are confident in offering their data to our clients.”

Read more about Islamic Trading provided by Saxo Bank Dubai

Go back to top