UAE remains a bright spot for private banking

The year 2016 was marked with a series of unexpected events—from Britain’s vote for Brexit, the results of the US elections and the growth of populist movements across Europe. While all of these events projected dissatisfaction with the status quo ... ( read original story ...)

UAE’s Oil Firm ADNOC Mulls IPOs, More JVs

ADNOC, however, stressed that there are no plans for an IPO of ADNOC itself, the group holding company ... and securing greater access for ADNOC products in key growth markets, the UAE’s company said. ADNOC will also be looking to deepen its existing ... ( read original story ...)

Adnoc eyes partnerships and IPO of subsidiaries

DUBAI: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in ... ( read original story ...)

Growth in Dubai’s private sector gathers steam during June

The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, according to a new report. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose to 56.5, up from May’s seven-month low of 55 ... ( read original story ...)

Is your employer asking for bank statement? Here’s what to do

You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the ... ( read original story ...)

Adnoc eyes partnerships, IPO of subsidiaries

Dubai: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in ... ( read original story ...)

Living his dream

DIFC’s next big challenge: hedge funds Despite GMG’s successes over the past eight years, CEO Marco Saviozzi says there is still one major market waiting to be tapped in Dubai, and it’s one that he is doing his best to promote. “I try and get ... ( read original story ...)