Cash Dubai widened to 59 cents below swaps … kingdom’s policy of cooperation with major oil producers to rebalance markets and limit volatility. *Hedge fund managers had already closed out many of their bearish short positions in crude oil before …
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UAE forms Fatwa Council to advocate moderate Islam
… board members of the Higher Sharia Board for Banking and Finance to strengthen consistency of the Islamic finance industry across the UAE. The Board is responsible for setting rules, standards and general principles for banking and financial …
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India and the UAE: Ancient Alliance, New Opportunities
The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a …
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UAE Central Bank orders closure of money exchange
Abu Dhabi: The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told Gulf News on Tuesday. The exchange, which has six branches — three in Dubai, two in Abu Dhabi and one in Sharjah …
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Dubai index sees temporary bounce in weak market
The Dubai Financial Market General Index closed 0.74 per cent higher at 3,318.12. Union Properties closed 2.39 per cent higher at Dh0.900, while Emaar Properties closed 0.43 per cent higher at Dh7.18. “It appears to be a broad-based rally based largely …
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Dubai Financial Market : Ramadan lull weighs on region
Most Arabian Gulf stock markets were little changed yesterday as investor sentiment remains low in the midst of the economic slowdown hitting the region. The Ramadan lull also weighed on trading, which remained thin in most markets. “We need significant …
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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves
In an attempt to boost its funds, the kingdom also allowed qualified institutional … all trade going via Oman instead of Dubai ports, more flights and opening of the first bank in the world from Oman, inside Iran, are just a few signals aside from …
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Noor Bank to apply Dubai font across internal platforms
Noor Bank today announced that it has become the first bank in the UAE to implement the Dubai font across internal platforms. Employees of the bank will apply the iconic font to all documents created in Microsoft Office programmes. The transition from …
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Aster DM Healthcare plans 2018 IPO as sentiment improves
Dubai: Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Arabian Gulf. The company aims to sell 10 per cent of shares by October 2018 …
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Dubai’s Aster DM Healthcare Plans 2018 IPO as Sentiment Improves
Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Persian Gulf. The company aims to sell 10 percent of shares by October 2018, with a …
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Dubai’s Marka appoints new CEO
Marka, which operates 47 hospitality, fashion and beauty and sports outlets across the region, raised $75m in an IPO on the Dubai Financial Market in 2014. However, the company is yet to turn profitable, and posted a net loss of Dhs150m in 2016 …
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MoF organises workshops on practical applications of the federal decree no. (9) of 2016 concerning bankruptcy
The Ministry of Finance (MoF), in collaboration with Dubai Courts, recently organised a workshop on the practical applications of the Federal Decree No. (9) of 2016 concerning bankruptcy. The workshop came as part of a series organised by the Ministry to …
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Financial sustainability imperative to supporting Awqafs
Ultimately, financial sustainability is imperative for Awqafs … Managing Awqaf sustainably In the UAE, a ‘General Waqf Authority’ for Islamic Affairs and Endowments, has been set up by government and regulators, to coordinate and streamline the …
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ANALYSIS-In Aramco IPO pitch, Canada plays up its natural resources expertise
But its best chance of winning a part of the biggest IPO ever, expected to raise about $100 billion … who has previously worked in Dubai with Saudi clients for international law firm Freshfields. Nasdaq, which is a technology partner to Saudi Arabia’s …
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In Aramco IPO pitch, Canada plays up its natural resources expertise
But its best chance of winning a part of the biggest IPO ever, expected to raise about $100 billion … who has previously worked in Dubai with Saudi clients for international law firm Freshfields. Nasdaq, which is a technology partner to Saudi Arabia’s …
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Packing and relocation: Keeping finance in check
but it also presents challenges that include several financial aspects. Forward planning is therefore essential to get the practicalities right. Here are some critical factors that expats relocating from the UAE should take into account before departing.
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UAE Gains Edge In $165 Billion Caspian Oil & Gas Market
The United Arab Emirates has spearheaded the Gulf Cooperation Council … State-owned oil and gas Kazmunaygas announced plans to list its initial public offering as soon as 2020 in a bid to privatize nationalizes companies to boost GDP growth.
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