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Month: September 2018

Posted on 05/09/2018

NRI investors in deposit products stand to lose heavily from rupee decline

Dubai: Thousands of non-resident Indians (NRIs … to India and an interest rate of about 2.5 per cent on the leveraged funds. In addition, customers will also pay for the currency hedge against …
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Posted on 05/09/2018

Defunct UK Hedge Fund Decries £1B Danish Tax Fraud Suit

Law360, London (August 20, 2018, 5:14 PM BST) — A defunct London hedge fund targeted by a Danish tax probe hit back … Shah, who is based in Dubai and is named in the suit, has denied wrongdoing aft…
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Posted on 05/09/2018

HDFC Bank Limited (HDB) Holdings Lowered by Earnest Partners LLC

Other hedge funds and other institutional investors have also recently … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasur…
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Posted on 05/09/2018

World Blockchain Summit is back in the Emirates for Round 02

Date, Dubai: After a successful conference in 2017 that hosted … which is a dedicated platform for verified ICOs to pitch their idea in front of renowned investors and hedge funds, will be taking pl…
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Posted on 05/09/2018

Azimuth Capital Management LLC Buys New Holdings in HDFC Bank Limited (HDB)

Other hedge funds have also bought and sold shares of the company … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Re…
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Posted on 05/09/2018

Gold prices edge up, 22k priced at Dh137 in Dubai

Hedge funds and money managers increased their net short position … Microsoft More from Khaleej Times Man converts to Hinduism to marry, wife leaves him for her parents Dubai taxis to have surveilla…
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Posted on 05/09/2018

Connor Clark & Lunn Investment Management Ltd. Invests $252,000 in HDFC Bank Limited (HDB)

Hedge funds and other institutional investors own 16.85% of the … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Reta…
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Posted on 05/09/2018

Abu Dhabi reveals number plate recognition technology

Radars in the UAE’s capital will now be able to read number plates and monitor traffic flow and the number of vehicles in the area, Abu Dhabi Police said. The radars are equipped with new technology k…
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Posted on 05/09/2018

Dubai Customs launches AI inspection system

Dubai Customs has launched a new sophisticated smart inspection device that features 3D CT scanning as part of its incessant efforts to keep abreast with the latest technologies in this field today. A…
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Posted on 05/09/2018

UAE Private Sector Growth Slows, Employment Shrinks

Expansion of the United Arab Emirates’ non-oil private sector slowed to a five-month low in August as total employment shrank for the first time on record, a survey of companies showed on Tuesday.
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Posted on 05/09/2018

Dubai’s Fintech Hive accelerator begins second edition

Dubai International Financial Centre (DIFC) and Accenture’s Fintech Hive accelerator programme has begun the 2018 edition of its 12-week programme. A total of 22 finalists were selected from 300 …
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Posted on 05/09/2018

Sharjah port operator Gulftainer invests in new link road

Gulftainer is investing in a new 2km highway to link the Saja’a Industrial Investment Park (SIIP) in Sharjah to the three major seaports in the emirate – Port Khalid, Hamriyah Port and Khorfakkan Port …
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Posted on 04/09/2018

Banks’ merger news boosts UAE equities

The UAE equity markets jumped on Tuesday on the back of huge gains made by Abu Dhabi banks following confirmation of merger talks of three lenders. Abu Dhabi Commercial Bank (ADCB) and Union National …
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Posted on 04/09/2018

ADCB confirms merger talks with UNB, Al Hilal Bank

Dubai: Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) both confirmed on Tuesday that they are in early talks about a potential merger. In separate statements, ADCB and UNB said …
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Posted on 04/09/2018

Louvre Abu Dhabi delays unveiling of Leonardo’s Salvator Mundi

However, documents seen later by Reuters news agency and others indicated that Saudi Prince Badr bin Abdullah bin Farhan, a relative of the crown prince, had made the purchase on behalf of the Abu Dha…
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Posted on 04/09/2018

Omega Dubai Ladies Classic to be held early next year

Dubai: The Omega Dubai Ladies Classic (ODLC … have been deferred until 2019 as part of strategic changes in local golf. The news was broken before an official announcement could be published …
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Posted on 04/09/2018

New photos emerge of Dubai’s runaway Princess Latifa six months after she tried to flee Arab kingdom

New photos have emerged of the runaway daughter of the ruler of Dubai six months after she tried to flee from the country to start a new life. Pictures were released of Princess Latifa – who has not b…
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