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Category: FINANCE

Posted on 12/01/2021

Citigroup plans to triple wealth management assets in the UAE

Citigroup’s wealth-management business in the UAE plans to triple assets under management to $15 billion over the next five years by increasing the number of its client-relationship managers. As part …
( read original story …)


Posted on 12/01/2021

UAE’s First Abu Dhabi Bank issues five-year $500m sukuk

Abu Dhabi’s biggest lender, has issued a $500m five-year sukuk, which is the lowest-ever yield on any five-year MENA bank USD issuance, issued at MS+90bps (all-in yield of 1.411 per cent) through FAB …
( read original story …)


Posted on 11/01/2021

UAE’s largest bank issues $500m sukuk, first globally in 2021

First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Monday announced it has issued the first sukuk globally in 2021. The bank said it has issued the lowest-ever yield on any five-year MENA bank US …
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Posted on 10/01/2021

UAE, US discuss joint strategic relations

During the meeting, Tayer expressed the UAE’s strong commitment to further consolidate joint dialogue with the US, as it is one of the country’s most important strategic partners.
( read original story …)


Posted on 10/01/2021

UAE IPO market set for major upswing

The initial public offering (IPO) market in the UAE expects to get a significant fillip in 2021 following the launch of the Nasdaq Dubai Growth Market for small and medium enterprises, market analysts …
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Posted on 09/01/2021

Exclusive: XTB Registers New Dubai Subsidiary, Awaits DFSA License

Polish FX brokerage, XTB is seeking a license from the Dubai Financial Services Authority (DFSA) after it has incorporated its new subsidiary, XTB MENA Limited, in the Dubai International Financial …
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Posted on 09/01/2021

Dubai Islamic Bank is ready for the new

The largest Islamic Bank in the country Saturday unveiled its new positioning – #ReadyForTheNew, which is based on the financial pioneer’s long-term vision to be the most progressive Islamic financial …
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Posted on 09/01/2021

Dubai Islamic Bank unveils ‘#ReadyForTheNew’ positioning

The largest Islamic Bank in the country Saturday unveiled its new positioning – #ReadyForTheNew, which is based on the financial pioneer’s long-term vision to be the most progressive Islamic financial …
( read original story …)


Posted on 08/01/2021

Hedge Fund Founder in Dubai Won’t Fight Extradition in Danish Tax Case

Sanjay Shah, a hedge-fund founder charged by Danish prosecutors in a $1.6 billion tax-fraud probe, won’t fight extradition from his home in Dubai.
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Posted on 07/01/2021

Hedge-Fund Founder Charged in $1.6 Billion Cum-Ex Probe

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

Hedge fund founder Sanjay Shah charged in $1.6 billion tax-fraud probe in Denmark

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

Hedge Fund Founder Charged in $1.6 Billion Danish Cum-Ex Probe

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

Denmark Charges Two Britons Over $1.6 Billion Cum-Ex Fraud

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

UAE to resume trade and travel with Qatar within a week

The United Arab Emirates announced on Thursday that it could resume transport and trade activities with Qatar within a week, following an US-brokered agreement signed in Saudi Arabia last week that …
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Posted on 07/01/2021

Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market

First Abu Dhabi Bank PJSC followed its Dubai rival to the debt market by starting to market dollar-denominated Islamic bonds on Thursday.
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Posted on 06/01/2021

Dubai Bank Mashreq May Move Nearly Half Its Jobs to Cheaper Hubs

Mashreqbank PSC, Dubai’s third-biggest lender, plans to move nearly half of its employees to cheaper locations and allow some others to work from home as part of a dramatic reorganization that will …
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Posted on 06/01/2021

Qatar’s biggest bank expects Gulf detente to boost companies, lenders

Qatari companies including banks are forecast to get a boost from a deal to end a more than three-year row between Doha and some Gulf states, which was announced by Crown Prince Mohammed bin Salman on …
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