Dubai – European stocks started the week on the front foot … The Stoxx Europe 600 Index rallied led by food and beverage shares and Nestlé SA after hedge fund Third Point confirmed it has amassed a $3.5bn stake in the region’s biggest company.
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Daimler invests in ride-hailing firm Careem’s latest funding round
DUBAI — Dubai-based ride hailing firm Careem will step up … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
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Saudi’s Kingdom Holding, Daimler invest in ride-hailing firm Careem
Dubai-based ride hailing firm Careem will step up expansion … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
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Saudi’s Kingdom Holding buys $62 mln stake in ride-hailing firm Careem
Carmaker Daimler and Saudi Arabia’s Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal, have taken part in an $150 million investment in Dubai-based ride-hailing Venture capital firm DCM Ventures and hedge fund Coatue Management also …
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Gold nears four-week low; time to buy?
Check the latest gold rates in Dubai Spot gold is expected to drop to $1,243 per … a trader at MKS PAMP Group, said in a note. Hedge funds and money managers raised their net long position in COMEX gold for the third straight week to the highest …
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Asia-Pacific Crude-Trade brisk as regional tenders in focus
BRENT-DUBAI EFS *Brent’s premium to Dubai swaps was at $0.89 per … at its Sakai refinery on Tuesday after planned maintenance. MARKET NEWS *Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside …
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Forex gold rates in dubai
will councils leadership decisions to internal research common and more time which been Hedge fund forex trading strategies and addition … or comprehensive intermediaries and instead Ikon forex dubai might consideration standardized of 2.
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Qatar riyal quoted below peg but no threat of devaluation, bankers say
DUBAI Qatar’s riyal is being quoted weaker than its peg against … His strategy may be working; after falling sharply in the offshore forwards market QAR1Y=W, which banks use to hedge exchange rates 12 months from now, the riyal has come off its lows …
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Dubai Islamic Bank Launches “DIB Express Transfer” an Instant Remittance Solution to India
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, is now offering customers an instant funds transfer solution for those wiring money to India. Its new service ‘DIB Express Transfer’ guarantees that funds can be wired to any ICICI bank …
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Kuwait’s Islamic finance sector on strong growth trajectory, IMF says
Dubai: Kuwait’s Islamic financial services sector is growing rapidly, with Islamic banking emerging as the most developed component of the industry, according to a recent study by the International Monetary Fund (IMF). Kuwait’s Islamic banking industry …
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UAE celebrates Eid with food and family time
Dubai: Across the UAE, residents are celebrating the joyous advent of Eid Al Fitr, which marks the completion of Ramadan. With an extended Eid weekend break — the public sector resumes work on Wednesday while the private sector does so on Tuesday — the …
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Dubai Economy launches mobile payment service
Emcredit, a company created by Dubai Economy, is set to launch empay, a mobile payment service developed within the framework of Dubai’s smart government initiative. It aims to transform customer experience by enabling users to do their financial and non …
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UAE president in first appearance since 2014 stroke
United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahyan made his first public appearance Sunday since suffering a stroke more than three years ago, to mark the Eid al-Fitr Muslim holiday. The official WAM news agency published pictures showing …
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Hacking may be cause of UAE Skype issues
Dubai: Following speculation that Skype had been blocked by the UAE authorities again, it appears recent problems with the application may be related to a cyberattack launched on the service last week. According to a blog post from the application’s …
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Skype blocked again in the UAE
“It has been brought to our attention that our website and services have been blocked by both of the internet service providers in the UAE,” said Skype, a company based in Luxembourg. “Unfortunately, there is very little Skype can do about this situation.
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Dubai real estate sector seeks more international investors
Dubai real estate attracts significant interest from international investors, yet there is vast potential yet to be tapped. The emirate’s property sector witnessed a 25 per cent increase in overall transactional activity in the first quarter of this year.
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Abu Dhabi Police warn against fireworks
Brigadier Hamid Saeed Al Afrit, Deputy Director General of Security and Ports at Abu Dhabi Police, urged the public to desist from practices that may lead to material losses, environment pollution, or fires and put the safety of the community and property …
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