DUBAI – Blockchain, together with artificial intelligence … Another exciting trend to look forward to is the boom in new wireless technologies that will enable IoT and bring us a step closer to the dream of pervasive connectivity.
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Jailed Hedge Fund Head Is Star Witness in Amanat Fraud Trial
Disgraced hedge fund founder Steven Maiden will testify Tuesday … Their goal was to prop up the fund run by Amanat’s brother, Enable Invest Ltd. It didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital. KIT Digital filed for …
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DEWA secures $650m for green projects
Dubai’s Electricity and Water Authority (DEWA … and that they were already in talks with a state-owned Chinese bank.” Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds said: “It sends a hugely positive message to institutional …
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Dubai Green Fund raised $650 million for investment in sustainability projects
The Dubai Green Fund constitutes the investment arm of DEWA and … that they were already in talks with a state-owned Chinese bank. Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds applauded the initiative by saying that it is a …
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DOJ Official Aided Ponzi Schemer in FBI’s Probe, Lawyer Says
Maiden’s decision to invest $1 million in KIT, a troubled video-software company, and another $2 million in Enable Invest Ltd., a fund run by Amanat’s brother in Dubai, would ultimately lead to the collapse of Maiden’s hedge fund, Maiden Capital LLC …
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Dubai gold price inches down, Dh144.50 for 22k
Dubai gold prices in Dubai are Dh153.75 for 24-karat and … fell 0.03 per cent to 845.75 tonnes on Friday. Hedge funds and money managers reduced their net long position in COMEX gold contracts for the seventh straight …
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All the Reasons Cryptocurrencies Will Never Replace Gold as Your Financial Hedge
As Russia, India, and Estonia are considering their own digital money, Dubai has already taken it one step further … One of the world’s most successful hedge fund managers, Ray Dalio of Bridgewater Associates, certainly seems to think so.
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Tech entrepreneur’s trial is biggest battle of a glossy career
Federal prosecutors claim Amanat conspired to manipulate KIT Digital’s shares while defrauding investors in a hedge fund, Maiden Capital. The goal, to prop up Enable Invest, didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital.
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Price of Dubai gold drops, will the fall continue?
Dubai gold prices in Dubai are Dh154 for 24-karat and 22 … two policymakers said on Friday. Hedge funds and money managers cut their net long positions in COMEX gold contracts for the sixth straight week, in the week to Oct 24 …
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National Bonds challenges UAE’s ‘financial advice dilemma’ with new investment app
Dubai-based investment company National Bonds is moving into the financial advisory space with a new digital app offering low-cost investment options, its chief executive has revealed. The company plans to challenge poor advice, offered by UAE financial …
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UAE Ministry of Finance Announces Executive Regulation for Federal Decree-Law No. 8 of 2017 on Value Added Tax
The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law No. (8) of 2017 on Value Added Tax at a Cabinet meeting on 7 November 2017, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime …
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Dubai bank Emirates NBD begins operations in India
Dubai’s biggest bank Emirates NBD has started operations in India with the opening of its first branch in the city of Mumbai. The Mumbai branch, located in Maker Maxity, Bandra Kurla Complex, marks the bank’s fifth international branch outside of its …
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Dubai’s biggest bank launches operations in India
Emirates NBD, Dubai’s biggest bank, on Tuesday said it has started operations in India with the inauguration of its first branch in the country’s commercial centre, Mumbai. The Mumbai branch marks the bank’s fifth international branch outside of its …
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Dubai off-plan property sales on the rise
The off-plan property sales now account for more than half of total real estate transactions in Dubai, UAE, for the first time since 2008, according to a report by fäm Properties, one of Dubai’s largest real estate brokerages. While the gap between off …
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The dark side of off-plan property buying
Buying off-plan property in Dubai is attractive, but this shouldn’t be an off the cuff decision. Property prices are not cheap at all, and many would-be buyers are now turning to off-plan purchases on the premise or even the promise that the deal could …
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FIA to probe 100 Pakistanis who bought properties in Dubai
The FIA, during an inquiry, had found that 96 individuals, who are Pakistani nationals, were allegedly in possession of properties in Dubai-Reuters ISLAMABAD: The Federal Investigation Agency (FIA) has decided to probe 100 persons who had invested in …
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Woman dies after being hit by car in Sharjah
Sharjah: A 63-year-old woman has died after being hit by a speeding car while crossing the road in Sharjah’s Al Majaz 3 area, according to Sharjah Police on Tuesday. The incident happened at around 7:50pm on Monday, police said. The Pakistani woman was …
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