Gold prices rose in the UAE on Monday morning, climbing towards a one-month peak in early trade.
HKMA CEO: Hong Kong to host delegates from UAE, Saudi Arabia to explore collaboration on banking, yuan services
“The banking industry can play a really big role in our overseas … This is extremely important.” Hong Kong and UAE central banks explore financial ties to promote investments The Treasury Markets …
UAE equities buck global downtrend in August
The UAE financial markets bucked the global and regional downtrend in equities last month, a recent report showed.According to Kamco Invest’s GCC Markets Monthly report, GCC equity markets witnessed …
ICEBERG Financial Announces New Fintech Product and Pre-Launch Institutional Contract
Dubai, United Arab Emirates–(Newsfile Corp. – September 3, 2023) – ICEBERG Financial, a leading investment consultancy firm based in Dubai, is thrilled to announce the launch of its groundbreaking …
Five reasons why this UAE credit card just keeps giving
The CBD Super Saver Credit Card from the Commercial Bank of Dubai ticks all the boxes right now for money-savvy residents thanks to its ease and speed of use, generous customer benefits, and great …
UAE’s Global Holding acquires 30% stake in Eastern Tobacco as part of Egypt’s IPO programme
Global Investment Holding Co., a UAE-based company, acquired Sunday a 30 percent ownership stake in Egypt’s largest tobacco products maker Eastern Company.
Uae’s Global Investments Holding Ltd Acquires 30% Stake In Egypt’s Eastern Company For $625M
Global Investments Holding Ltd., a company based in the United Arab Emirates, has acquired a 30% stake in Egypt’s largest tobaproducer, Eastern Comp …
How AIX Investment Group is unlocking Dubai’s investment potential
AIX Investment Group (AIX), one of Dubai’s leading investment firms, believes that by nurturing sectors such as finance, tourism, and real estate, the emirate has developed a robust and stable economy …
Sculptor drama raises questions about hedge fund value
The answer is related to the reason why Sculptor still has $34 billion under management, even after its founder-CEO Dan Och left and after it paid a $213 million fine, as well as $136 million in …
UK’s Real Estate Market Threatened as Thousands of Millionaires Move to Dubai
London, once a prime destination for millionaires worldwide, is losing its allure as the rich are now heading to Dubai in droves. A remarkable shift has …
Hedge Funds and Private Equity Challenge the SEC’s New Rules
Trade groups including the Managed Funds Association argue in their U.S. appeals court petition the rules exceed the SEC’s authority.
Millionaires Leaving the UK for Dubai
A startling trend is gripping the nation as UK millionaires pack their bags and bid farewell to London’s fading charm. The spotlight has shifted to Dubai, where a wave of high net worth individuals, …
Three Arrows Capital faces penalty from Dubai’s Virtual Asset Regulatory Authority
Kyle Davies and Su Zhu, founders, Three Arrows Capital (3AC), a collapsed digital asset hedge fund, are expected to be facing a fine issued by Dubai’s crypto regulator over the OPNX exchange, stated …
Hedge Fund Investor Letters Q2 2023
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in …
Hedge funds are expanding basis trades, data suggests
A surge in short sales of US Treasury futures suggests hedge funds are expanding basis trades, a popular tactic that may be injecting leverage into a bond market whipsawed in the wake of this month’s …
Hedge Funds Are Most Bullish on EM Equity Futures Since 2020
Hedge funds’ bullish bets in emerging-market equity futures have risen to the highest since the gauge’s pandemic low three years ago, signaling budding optimism for the asset class.
Saudi auto rental firm Lumi could raise $290 mln for IPO
Saudi Arabia’s Lumi, one of the largest auto rental firms in the kingdom, said on Wednesday that it could raise up to 1.089 billion riyals ($290 million) after a price range was set for its initial …