Dubai: When it comes to the possibility of a Careem IPO, Bassel Al Nahlaoui isn’t saying. “I cannot confirm or deny it,” Al Nahlaoui said straightforwardly. Careem’s managing director for the Gulf region was speaking exclusively to Gulf News the …
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Investor trust depends on fees disclosures, performance
Dubai: Trust from investors emanates from the disclosure of fees, a survey has revealed. The credibility in the fund management industry especially for the hedge funds took a hit after the global financial crisis as investors fretted about ever-escalating …
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Dubai, Russian, US interest in AC Milan – reports
Milan – Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than €300 million in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October the …
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Dubai’s Abraaj said to be cutting 15% of workforce
No partners will be fired, they said. The company employs about 350 people. “It is always difficult to separate talented people from the firm,” the Dubai-based buyout firm said in a statement. “The personnel changes we are making as part of this re …
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Dubai businessman expresses interest in AC Milan
Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October the US …
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Dubai businessman linked to possible AC Milan bid
A Dubai businessman has been linked with a possible bid to buy … The Chinese businessman bought the club last April, but a loan from US hedge fund Elliot Management was required to get the deal over the line, the paper said, adding that if that money …
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Dubai, Russian and US interest in AC Milan, says reports
MILAN: Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October …
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Dubai businessman, others to buy AC Milan
Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October the US …
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British newspaper editor jailed for killing wife in Dubai
Matthew was not present in the Dubai Court of the First Instance for the verdict read … Co-op Bank bosses assure that hedge fund investors not heading for exit The hedge funds which saved The Co-operative Bank from collapse last year are not running …
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Sequoia may cut size of 6th India fund; Elliott eyes Fortis
In another development, US-based activist hedge fund Elliott Management Corp. has started picking … with plants in India and China, and grinding units in Dubai, according to its website. In another development, Jaipur-based housing finance company …
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Sequoia may cut size of 6th India fund by 30% to $650 mn; Elliott eyes Fortis
In another development, US-based activist hedge fund Elliott Management Corp. has started picking … with plants in India and China, and grinding units in Dubai, according to its website. In another development, Jaipur-based housing finance company …
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Gold prices up, 24k priced at Dh164 in Dubai
Meanwhile, 24k gold is priced at Dh164 and 22k can be bought at Dh154 in Dubai. Spot gold edged up 0.1 percent to … in the making that continue to make gold the go-to place to hedge risk.” Against a basket of six other major currencies, the dollar …
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Technology disruptions, regulatory changes to challenge UAE banks in 2018
Dubai: The UAE’s banking sector which reported resilient performance last year is expected to face challenges from rapid technology innovations, new regulations, the impact of value added taxes and the need for strong corporate governance frameworks …
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UAE businesses need to keep close watch on Fed moves
It is likely to raise rates further to tighten monetary policy and the UAE Central Bank will have to follow suit because of the dirham’s peg to the dollar. The UAE interest rates on corporate loans are at a margin over 3-month Emirates Interbank offer …
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Dubai’s biggest bank approves $600m cash dividend payout
Dubai’s biggest bank, Emirates NBD, has approved a cash dividend for shareholders of 40 percent amounting to more than AED2.2 billion ($600 million) for 2017. At the bank’s general assembly meeting, Emirates NBD chairman, Sheikh Ahmed Bin Saeed Al Maktoum …
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Rising interest rates to support UAE bank profitability
Dubai: Increase in interest rates, combined with improving local economic growth, is expected to support the profitability of local banks through improved loan yields, bankers and analysts have said. Last week, the Central Bank of the UAE raised interest …
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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge
Lumina, the Dubai-based specialist corporate finance firm … is best known in the Middle East financial world as Group CEO of Emirates NBD. Pudner led the bank through the completion of one the region’s largest mergers. George Traub, managing partner …
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