“This blessed journey will achieve its goals,” he said in a statement to the Emirates News Agency, WAM, during the second Joint UAE-Saudi Al Azm Retreat, named after the Arabic word for determination. More than 200 government officials and experts from …
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Bounce your weight off
Dubai: Working out while bouncing on a trampoline seems to be … founder and managing partner of Jump Box, told Gulf News. “Studies showed that an hour of jumping on a trampoline can burn up to 700 calories, and has been proven to be three times more …
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Gurdwara in UAE enters Guinness book for ‘marathon breakfast’
Dubai, Apr 14 (PTI) A gurdwara in Dubai has found a place in the Guinness book of world records by serving free breakfast to hundreds of people from over 100 countries in an hour-long event. The Gurunanak Darbar gurdwara served continental breakfast titled …
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Abu Dhabi property market under pressure from sluggish economy
Skyscrapers stand on the city skyline in Abu Dhabi. The property market has been under pressure for more than a year after Abu Dhabi had to cut government spending and lay off thousands of workers at state-linked firms partly because of lower oil revenues.
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UAE is all set for VAT implementation starting next year
Meanwhile the UAE Ministry of Finance has put out some information on various aspects of VAT including its definition and who should be getting ready for the implementation at its website. (All information used in this report are from official sources.
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UAE launches space program to boost colonization of Mars by 2021
The UAE has launched an ambitious space program aimed at sending … not about reaching Mars,” the Mars mission’s project manager, Omran Sharaf, told Gulf News. “It’s beyond that… It’s about taking the whole [Arab] region and making them …
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CultureSummit 2017 Abu Dhabi Concludes With an Action Agenda for the Future
CultureSummit 2017 Abu Dhabi concluded today following four days of rich and lively discussion with over 300 of the world’s top creative minds from over 80 countries. The global cultural leadership forum delivered on its founding vision by tackling some of …
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Cost Cutting Drives Profit Growth at Abu Dhabi
A 7.7 per cent increase in total revenue was converted to a 29.4 per cent increase in profit per room at hotels in Abu Dhabi this month as hoteliers successfully slashed costs, according to the latest data from HotStats. It was a mixed performance for …
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After years of financial repression, global macro presents new opportunities for hedge funds
After years of financial repression in the interest rates sphere global macro is presenting new opportunities, according to Nick Allsop, senior portfolio manager at Dubai based Dalma … 2017 could be a good year for hedge funds Dalma Capital’s global …
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Gold Update: Price in Dubai touches Dh143
Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States, pushing up Dubai gold prices to Dh143 … a little more bullish about the outlook.” Hedge funds and money managers raised their net long …
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Qianhai is no match for Hong Kong, let alone Greenwich
The concept follows the American model of Greenwich in Connecticut, which was established as a hub for hedge funds and financial services firms … There is always the Dubai technique, however. Offer your target banker a sum of US$100 million to manage …
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Saudi bourse to start new settlement period, short-selling on April 23
DUBAI Saudi Arabia’s stock exchange said it would extend the … banks have refused to offer swaps for fear of jeopardizing their business within the kingdom, said regional hedge fund MENA Capital. The Saudi exchange’s decision to allow the practice …
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PRECIOUS-Gold edges lower on stronger dollar
The Dubai Gold and Commodities Exchange (DGCX … said its holdings fell 0.03 percent to 836.49 tonnes on Friday from 836.77 tonnes on Thursday. * Hedge funds and money managers upped their net long position in COMEX gold for the third straight week …
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Business News: Stone Ridge Reinsurance Assets Hit $5.5bn, Interval Fund Sees 23% Growth
Hundreds of Kashmiris toiled hard in Middle East’s coastal desert to become part of Dubai’s golden-glass growth story … trading strategies and conversations with financial advisors, hedge fund managers, CFAs and renowned value investors.
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Dubai Trading Volumes Jump
The region’s largest derivatives bourse, the Dubai Gold and Commodities Exchange (DGCX), saw … investors flock to regulated and transparent markets like DGCX to hedge against rapid price movements especially in global currency pairs.
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Markets Live: BHP drives ASX to two-year high
The hedge fund is urging BHP to demerge the US petroleum business and … 11:19am WorleyParsons shares have jumped 3.3 per cent to $11.40 after a buyer, said to be Dubai-based Dar Group, snapped up $175 million of WorleyParsons stock.
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UAE to participate in the ‘Joint Annual Meeting of Arab Financial Institutions’ in Morocco
HE Obaid Humaid Al Tayer, the Minister of State for Financial Affairs, will head the UAE delegation which will include HE Mubarak Rashed Al Mansouri, UAE Central Bank Governor; HE Younis Haji Al Khoori, Undersecretary of MoF; HE Khalid Ali Al Bustani …
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