Jamal Al Jasmi, General Manager of the Emirates Institute for Banking and Financial Studies, welcomed 38 HR manager and representatives from various UAE-based banks to the forum, andsaid: “The purpose of the annual HR Forum is to highlight the challenges …
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DIB Wins UAE’s Strongest Islamic Retail Bank 2017 for Third Year in a Row
Dubai Islamic Bank, the UAE’s largest Islamic bank, took home the title of ‘Strongest Islamic Retail Bank’ in the UAE 2017 at the Islamic Retail Banking Awards (IRBA) for the third consecutive year. Hosted by Cambridge IF Analytica, the third Islamic …
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Emaar Development IPO to raise $1.3bn
Listing and trading on the Dubai Financial Market will begin on November 22 with … as the strong retail and institutional investor interest in our IPO places us closer to achieving our vision for the future,” said Emaar Properties Chairman Mohamed …
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Emaar Properties to raise $1.3 bln in development unit’s IPO
valuing the deal at $1.31 billion in Dubai’s first major IPO in three years. The assets of Emaar Development include 49 units in Dubai’s Burj Khalifa, the world’s tallest tower, and a number of projects in Dubai’s prime districts. Emaar Development priced …
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Dubai’s DIFC launches $100m Fintech fund
Dubai International Financial Centre (DIFC) on Tuesday announced the launch of a $100 million FinTech-focused fund to accelerate the development of financial technology. The fund was announced during the inaugural Global Financial Forum, GFF, organised by …
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FundCount Wins Best Client Reporting at the WealthBriefing GCC Region Awards 2017
hedge funds and private equity firms, was awarded Best Client Reporting solution at the WealthBriefing GCC Region Awards ceremony held in Dubai. These prestigious annual awards recognize ‘best of breed’ providers in the global private banking, wealth …
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UAE announces $684 million Raytheon laser guided bomb deal
DUBAI (Reuters) – The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from U.S. missile maker Raytheon Co. (RTN.N) in a deal worth 2.5 billion dirhams ($684.4 million). The GBU-10 and GBU-12 Paveway laser guided bomb kits …
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New IPO just another part of Emaar’s success story
It’s almost exactly 20 years since chairman Mohamed Alabbar rolled out the first $3 billion Emaar Properties initial public offering (IPO), and I remember that landmark press conference very well. Something remarkable was clearly in the wind. The Dubai …
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UAE plot to wage financial war on Qatar revealed
A United Arab Emirates plan to attack Qatar’s financial system has been revealed in a folder of an email account belonging to the UAE ambassador to the US, Yousef al-Otaiba. The Intercept, a US-based investigative website, obtained the folder and exposed …
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Emaar’s IPO signals market optimism, says expert
For Dubai-based Emaar Development, the leading regional developer, it is the public itself, says an expert. Emaar Development’s initial public offering (IPO) is set for November 22 on the Dubai Financial Market. Even with 20 per cent of the company being …
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Saudi billionaires said to move funds to escape asset freeze
Gulf investors sold a net $92.5 million of Dubai stocks on Tuesday … London-based co-chief investment officer of emerging-markets hedge fund Capricorn Fund Managers Ltd. The central bank “has strong systems in place to track flows and excellent …
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UAE asks banks for information on 19 Saudis’ accounts: sources
ABU DHABI/DUBAI (Reuters) – The United Arab Emirates central bank has asked banks and finance companies in the UAE to provide information on the accounts of 19 Saudi citizens, banking sources told Reuters on Thursday. Saudi authorities have previously …
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UAE asks banks for information on 19 Saudis’ accounts
ABU DHABI/DUBAI (Reuters) – The United Arab Emirates central bank and securities regulator have asked banks and finance companies in the UAE to provide information on the accounts of 19 Saudi citizens, banking sources told Reuters on Thursday. The 19 …
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Jailed Hedge Fund Head Is Star Witness in Amanat Fraud Trial
Disgraced hedge fund founder Steven Maiden will testify Tuesday … Their goal was to prop up the fund run by Amanat’s brother, Enable Invest Ltd. It didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital. KIT Digital filed for …
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DEWA secures $650m for green projects
Dubai’s Electricity and Water Authority (DEWA … and that they were already in talks with a state-owned Chinese bank.” Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds said: “It sends a hugely positive message to institutional …
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Dubai Green Fund raised $650 million for investment in sustainability projects
The Dubai Green Fund constitutes the investment arm of DEWA and … that they were already in talks with a state-owned Chinese bank. Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds applauded the initiative by saying that it is a …
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DOJ Official Aided Ponzi Schemer in FBI’s Probe, Lawyer Says
Maiden’s decision to invest $1 million in KIT, a troubled video-software company, and another $2 million in Enable Invest Ltd., a fund run by Amanat’s brother in Dubai, would ultimately lead to the collapse of Maiden’s hedge fund, Maiden Capital LLC …
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