Report: Li rejected Milan bid

Both the club and owner are in debt to U.S hedge fund Elliott Management ... Today La Repubblica is reporting that Li rejected a €450m bid from Dubai, thought to be Mohamed Al-Falasi, which would have settled the Elliott debt. Yonghong Li, Han Li ... ( read original story ...)

Fall in Dubai gold price continues today, time to buy?

22k gold in Dubai is priced at Dh147 and buyers can buy 24k for ... fell 0.1 percent to 855.28 tonnes on Friday. Hedge funds and money managers cut their net long position in COMEX gold contracts by 21,294 contracts to 31,327 in ... ( read original story ...)

NEWS HIGHLIGHTS

Bahrain distressed bonds targeted by US hedge fund Greylock Capital Management ... and Ruler of the Emirate of Dubai said, “At today’s Cabinet meeting, we decided to allow 100 per cent foreign ownership of companies in UAE, with a 10-year visa for ... ( read original story ...)

Classics Revisited: Cecconi’s Mayfair

The stealth-wealth locations make a classy change from the restaurant groups that wantonly follow the big money to Dubai, Abu Dhabi ... the galleries of Cork Street round the corner and a hedge fund hanging from every nearby office, Cecconi’s is one ... ( read original story ...)

UAE retailers rule out shortage of vegetables

Dubai: Retailers have allayed fears of a shortage of fruits and vegetables popular among the expat community of Keralites following a ban on their imports from the Nipah virus-hit Indian state. The UAE on Tuesday announced the ban on imports of fresh ... ( read original story ...)

Report: UAE activist sentenced to 10 years for online posts

The Dubai-based Gulf News reported on Wednesday that the defendant, identified as "AMS" by his initials, will also be under probation for three years after prison. Gulf News says Mansoor, who had a court-appointed lawyer, was convicted on Tuesday of ... ( read original story ...)