Hedge fund manager Eric Mindich shuts down Eton Park

For hedge funds, 2016 was the worst year since the height of the financial ... The dollar hovered near a four-month low against the Japanese yen on Thursday ahead of a vote on a... DUBAI (Reuters) - Saudi Arabia's crude exports to the United States in ... ( read original story ...)

Current slowdown good for banking sector: Al Ghurair

Dubai: The current slowdown in business is good for the banking sector and UAE banks would emerge strong from these challenges, said Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation (UBF) at the meeting of the CEOs Advisory Council of UBF on Wednesday. ( read original story ...)

UAE publishes VAT timetable; excise tax roll out in 2017

The UAE Ministry of Finance has launched the first phase of its awareness and education workshops that will prepare businesses for the new tax system that will be introduced by the end of this year, in the case of excise tax, and early next year for value ... ( read original story ...)

Emirates Global Aluminium plans IPO

The IPO could take place later this year, on either the Dubai or Abu Dhabi stock exchange, but the size of the offering has yet to be determined, the sources said. EGA was created in 2013 when state-owned companies Dubai Aluminium (Dubal) and Abu Dhabi’s ... ( read original story ...)

Warba Bank celebrates listing of its sukuk in Nasdaq Dubai

KUWAIT: Shaheen Al-Ghanem, Chief Executive of Warba Bank, the best investment bank in Kuwait as well as the best corporate advisory, yesterday rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a $250 million Perpetual Tier 1 Basel ... ( read original story ...)