Meanwhile the UAE Ministry of Finance has put out some information on various aspects of VAT including its definition and who should be getting ready for the implementation at its website. (All information used in this report are from official sources. ( read original story ...)
UAE launches space program to boost colonization of Mars by 2021
The UAE has launched an ambitious space program aimed at sending ... not about reaching Mars,” the Mars mission’s project manager, Omran Sharaf, told Gulf News. “It’s beyond that… It’s about taking the whole [Arab] region and making them ... ( read original story ...)
CultureSummit 2017 Abu Dhabi Concludes With an Action Agenda for the Future
CultureSummit 2017 Abu Dhabi concluded today following four days of rich and lively discussion with over 300 of the world's top creative minds from over 80 countries. The global cultural leadership forum delivered on its founding vision by tackling some of ... ( read original story ...)
Cost Cutting Drives Profit Growth at Abu Dhabi
A 7.7 per cent increase in total revenue was converted to a 29.4 per cent increase in profit per room at hotels in Abu Dhabi this month as hoteliers successfully slashed costs, according to the latest data from HotStats. It was a mixed performance for ... ( read original story ...)
After years of financial repression, global macro presents new opportunities for hedge funds
After years of financial repression in the interest rates sphere global macro is presenting new opportunities, according to Nick Allsop, senior portfolio manager at Dubai based Dalma ... 2017 could be a good year for hedge funds Dalma Capital's global ... ( read original story ...)
Gold Update: Price in Dubai touches Dh143
Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States, pushing up Dubai gold prices to Dh143 ... a little more bullish about the outlook." Hedge funds and money managers raised their net long ... ( read original story ...)
Qianhai is no match for Hong Kong, let alone Greenwich
The concept follows the American model of Greenwich in Connecticut, which was established as a hub for hedge funds and financial services firms ... There is always the Dubai technique, however. Offer your target banker a sum of US$100 million to manage ... ( read original story ...)
Saudi bourse to start new settlement period, short-selling on April 23
DUBAI Saudi Arabia's stock exchange said it would extend the ... banks have refused to offer swaps for fear of jeopardizing their business within the kingdom, said regional hedge fund MENA Capital. The Saudi exchange's decision to allow the practice ... ( read original story ...)
PRECIOUS-Gold edges lower on stronger dollar
The Dubai Gold and Commodities Exchange (DGCX ... said its holdings fell 0.03 percent to 836.49 tonnes on Friday from 836.77 tonnes on Thursday. * Hedge funds and money managers upped their net long position in COMEX gold for the third straight week ... ( read original story ...)
Business News: Stone Ridge Reinsurance Assets Hit $5.5bn, Interval Fund Sees 23% Growth
Hundreds of Kashmiris toiled hard in Middle East’s coastal desert to become part of Dubai’s golden-glass growth story ... trading strategies and conversations with financial advisors, hedge fund managers, CFAs and renowned value investors. ( read original story ...)