Manipulation’s Persistence and Comex’ Demise

Dubai has historically been a central hub for gold trading ... So feel free to fire a couple traders and seed their new hedge funds. Then do all your deals with them via a closely held Singapore shell in which you control the voting shares. ( read original story ...)

Digital investment fund plans to raise $300m

Alphabit is registered in Dubai and the Cayman Islands. Fees include 2.5% for management and 45% for performance. The latter will only apply if the fund outperforms the price of Bitcoin, said Robertson, a former currency trader at hedge fund Light Peak ... ( read original story ...)

NYSE executives to woo Aramco IPO in upcoming Saudi visit

RIYADH/DUBAI A New York Stock Exchange (NYSE ... as top exchanges around the world vie to win slices of Aramco's initial public offering IPO-ARMO.SE, expected to be the largest in history. Aramco plans to list about 5 percent of its shares, mostly on ... ( read original story ...)

Better times ahead for UAE banking sector: CBD’s CEO

The UAE’s banking sector is expected to perform better in 2017 in terms of asset growth, asset quality and profitability compared to 2016, said Dr Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai (CBD). Speaking to reporters at the ... ( read original story ...)

Union National Bank: the future of Islamic finance

There are now around 15 Islamic banks and finance companies operating in the UAE. Across the world, Islamic finance has seen rapid growth, with assets reaching $2trn with expectations to cross the $3trn mark by 2018. This development has been driven by a ... ( read original story ...)

Money matters: Profits up for banking sector in the UAE

Retail banking business in the UAE has endured a challenging economic environment, slow growth, margin pressures and persistent loan impairments for several quarters in the recent past. In a positive turn of events, several major banks have posted good ... ( read original story ...)