Category: FINANCE

The UAE leads the Arab world in competitiveness as increased diversification makes its economy more resilient, according to a study by the World Economic Forum and the World Bank Group. The UAE, ranke…
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Are you working to expand Maybank Islamic into Dubai? It’s something that we’re considering. I think for us it makes sense. We have one branch in the Middle East, it’s under our conventional bank, and …
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The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) today signed a Memorandum of Understanding (MoU), agreeing to share knowledge, promote Shari’ah …
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5 ways to build wealth outside the stock market. If you want to become less dependent on stock-based investments, consider the following strategies. There are private equity funds such as Abraaj Capit…
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The oil giant’s initial public offering at the end of last year was part of a strategy by the UAE, as well as other Gulf nations, to privatize energy sector assets at a time when oil prices were relat…
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On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. Still, the deal could prove to be the riskiest yet for Dubai’s biggest bank. Since Emir…
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As part of the ‘Summer of Giving’ campaign, the UAE Bank Food team has distributed 1,000 meals, water and cold juices to the workers at the workers accommodations in Al Muhaisinah 2 area. The team, wh…
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KPMG, in its UAE Banking Perspectives 2017 report, observes that many banks — in the UAE and globally — continue to make decisions “by looking back at what may have gone wrong”. However, that is chang…
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DUBAI/RIYADH/LONDON (Reuters … Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative ca…
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Liv., the lifestyle digital bank by Emirates NBD for millennials, has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers access to their credit score. The bank sa…
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The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has issued a discussion paper announcing the esta…
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Dubai: Struggling to save? Some Filipinos in the UAE who have … Users gave a twist to the old-school piggy bank method and used a “save and shade” template printed on a tin can. Through this, savers …
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Hedge funds manage money from a wide number of capital sources including … Nordic Capital, through its fund Nordic Capital Fund VIII, sold Danish logistics company Unifeeder Group to Dubai-based por…
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DP World was founded in 2005 by merging Dubai Ports Authority and Dubai Ports International … Existing investors in UTA include Jeffrey Ubben, a co-founder of hedge fund ValueAct Capital. The UTA pa…
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The cheques relate to a $300m loan issued by Mr Jafar to Dubai-based Abraaj … after resistance from some investors in Abraaj funds. Other offers have been received, including bids from US hedge fund …
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Meanwhile, 24k gold is priced at Dh147.25 and 22k can be bought at Dh138.25 in Dubai. US gold futures were … world’s largest gold-backed exchange-traded fund, fell 0.26 percent to 794.90 tonnes on F…
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a disgraced hedge fund guy and various others who went after money with a passion. Her film moves all over the globe — America, China, Ireland, Dubai, Iceland, Europe — examining wretched excess in ev…
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