DUBAI: Xeros Technology Group plc, the UK-headquartered technology business and innovator of a near-waterless laundry system, announces the supply of 32 near-waterless washing machines to Encom Tradin…
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UAE project pipeline ‘boon for Islamic banking sector’
The UAE banking sector is set to benefit from the emirates’ project pipeline of construction and infrastructure-related initiatives, which forms a key component of the country’s drive to diversify the …
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DME launches 8 new oil contracts
DME Chairman Ahmad Sharaf said: “The new listings are the next step in the natural evolution of the DME and exchange-traded products across the Asian markets, helping customers to hedge physical … b…
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NRI investors in deposit products stand to lose heavily from rupee decline
Dubai: Thousands of non-resident Indians (NRIs … to India and an interest rate of about 2.5 per cent on the leveraged funds. In addition, customers will also pay for the currency hedge against …
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Defunct UK Hedge Fund Decries £1B Danish Tax Fraud Suit
Law360, London (August 20, 2018, 5:14 PM BST) — A defunct London hedge fund targeted by a Danish tax probe hit back … Shah, who is based in Dubai and is named in the suit, has denied wrongdoing aft…
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HDFC Bank Limited (HDB) Holdings Lowered by Earnest Partners LLC
Other hedge funds and other institutional investors have also recently … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasur…
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World Blockchain Summit is back in the Emirates for Round 02
Date, Dubai: After a successful conference in 2017 that hosted … which is a dedicated platform for verified ICOs to pitch their idea in front of renowned investors and hedge funds, will be taking pl…
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Azimuth Capital Management LLC Buys New Holdings in HDFC Bank Limited (HDB)
Other hedge funds have also bought and sold shares of the company … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Re…
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Gold prices edge up, 22k priced at Dh137 in Dubai
Hedge funds and money managers increased their net short position … Microsoft More from Khaleej Times Man converts to Hinduism to marry, wife leaves him for her parents Dubai taxis to have surveilla…
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Connor Clark & Lunn Investment Management Ltd. Invests $252,000 in HDFC Bank Limited (HDB)
Hedge funds and other institutional investors own 16.85% of the … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Reta…
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Abu Dhabi reveals number plate recognition technology
Radars in the UAE’s capital will now be able to read number plates and monitor traffic flow and the number of vehicles in the area, Abu Dhabi Police said. The radars are equipped with new technology k…
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Dubai Customs launches AI inspection system
Dubai Customs has launched a new sophisticated smart inspection device that features 3D CT scanning as part of its incessant efforts to keep abreast with the latest technologies in this field today. A…
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UAE Private Sector Growth Slows, Employment Shrinks
Expansion of the United Arab Emirates’ non-oil private sector slowed to a five-month low in August as total employment shrank for the first time on record, a survey of companies showed on Tuesday.
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Dubai’s Fintech Hive accelerator begins second edition
Dubai International Financial Centre (DIFC) and Accenture’s Fintech Hive accelerator programme has begun the 2018 edition of its 12-week programme. A total of 22 finalists were selected from 300 …
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Sharjah port operator Gulftainer invests in new link road
Gulftainer is investing in a new 2km highway to link the Saja’a Industrial Investment Park (SIIP) in Sharjah to the three major seaports in the emirate – Port Khalid, Hamriyah Port and Khorfakkan Port …
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Banks’ merger news boosts UAE equities
The UAE equity markets jumped on Tuesday on the back of huge gains made by Abu Dhabi banks following confirmation of merger talks of three lenders. Abu Dhabi Commercial Bank (ADCB) and Union National …
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ADCB confirms merger talks with UNB, Al Hilal Bank
Dubai: Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) both confirmed on Tuesday that they are in early talks about a potential merger. In separate statements, ADCB and UNB said …
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