Former Goldman executive is raising money for quant hedge fund

Dubai: Ronald Hua, a former Goldman Sachs Group Inc. executive ... The duo is raising money as more hedge funds and asset managers start quantitative strategies to adapt to a challenging environment for stock pickers. Active managers are trying to find ... ( read original story ...)

Fabio Aru signs for UAE Team Emirates

Fabio Aru will ride for UAE Team Emirates in 2018 after signing a three-year contract with the team. Aru’s arrival from Astana had been widely anticipated since early summer, but the transfer was only formally confirmed on Tuesday morning. Transfer news ... ( read original story ...)

UAE’s finance ministry yet to fix VAT rate on goods, services

The UAE’s Ministry of Finance is still in the process of fixing the value added tax (VAT) rates for goods and services, it announced on Monday. The ministry is currently developing the executive regulations of VAT, said Younis Haji Al Khouri, under ... ( read original story ...)

UAE Food Bank opens 2nd location in Dubai

The second operational site of the UAE Food Bank was launched on Monday at Al Bada area near Canadian University under the patronage of Easa Saleh Al Gurg Charity Foundation. The UAE Food Bank also signed cooperation agreements with three other charity ... ( read original story ...)

NIIF, Abu Dhabi ink $1 billion investment agreement

The National Investment and Infrastructure Fund (NIIF) announced the signing of an investment agreement worth $1 billion with Abu Dhabi Investment Authority's (ADIA) wholly owned subsidiary. The government of India had set up NIIF as a quasi-sovereign ... ( read original story ...)

Dubai diamond chief warns VAT will lead to business exodus

DUBAI: The introduction of value added tax could lead to an “exodus” of firms in the gold and diamond industry from the UAE, Ahmed Bin Sulayem, executive chairman of the Dubai free zone where those businesses are based, warned yesterday. In a strongly ... ( read original story ...)