UAE-based Indian billionaire Rizwan Sajan says he doesn’t think company would get ‘that much return if I go public into this market.’ UAE-based Indian billionaire Rizwan Sajan says he doesn’t think company would get ‘that much return if I go …
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Saudi Aramco IPO will guarantee growth and jobs: Al-Falih
DUBAI: The forthcoming sale of shares in Saudi Aramco … said the planned initial public offering (IPO) on Saudi and international stock markets was “the most notable feature of the Kingdom’s transformation” as set out in the Vision 2030 plan …
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Reda Bedjaoui – On Top Performing Alternative Investments in the Alcoholic Beverage Market
DUBAI, UAE / ACCESSWIRE / July 6 … six percent of their overall asset allocation into alternative investments, including private equity, hedge funds, managed futures, real estate commodities, and derivatives contracts. For investors seeking out alcoholic …
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Pantera Capital Launches $100m Hedge Fund Focussed on ICOs and Token Sales
Pantera Capital has announced they are launching a new hedge fund called Pantera ICO Fund LP … Shanghai, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Munich, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona, San Meteo etc, where he helped …
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Manager who traded for Steven Cohen trains algos to copy his brain
who previously traded for billionaire Steven Cohen and hedge fund York Capital Management, says the algorithms will be ready to help run money for clients of his own investment firm, Q2Q Capital. Yesilhark, who will run the fund from Dubai and London …
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Fund Manager Trains Algos to Copy His Brain
who previously traded for billionaire Steven Cohen and hedge fund York Capital Management, says the algorithms will be ready to help run money for clients of his own investment firm, Q2Q Capital. Yesilhark, who will run the fund from Dubai and London …
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Gold prices remain steady, 24k in Dubai priced at Dh150
DUBAI: Gold held steady early Monday … fell 0.14 percent to 852.50 tonnes on Friday from 853.68 tonnes on Thursday. Hedge funds and money managers reduced their net long positions in COMEX gold and silver for the third straight week in the week to …
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Amid Dana debacle, Islamic finance seeks safeguards against illegality claims
SYDNEY/KUALA LUMPUR, July 6 The Islamic finance industry is seeking ways to safeguard deals against challenges to their religious permissibility, after a case in the United Arab Emirates raised the risk that issuers of Islamic bonds could refuse to redeem …
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Economic slowdown likely to hurt Qatar’s banking sector asset quality
Dubai: The recent sanctions on Qatar by a group of states led … “Weaker economic activity could lead to deteriorating asset quality in the banking system and together with an escalation involving sanctions against the financial sector could necessitate …
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Short on down payment to finance your property in Dubai?
Since the implementation of the UAE Central Bank’s mortgage cap in 2013, buying a property has become harder. The mortgage cap required buyers to put down larger deposits against new purchases. This has had a big impact on first time buyers but as expected …
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GEMS Education reportedly weighing up IPO valued at $4bn
The Dubai-based international schools giant GEMS Education could be gearing up for an initial public offering valued at as much as $4bn and as early as next year, it has been reported. GEMS Education could launch an IPO as soon as next year, sources have said.
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Dubai’s Emirates working to get out from under US laptop ban
DUBAI, United Arab Emirates — The Middle East’s biggest airline says it is working to implement increased security measures in response to U.S. demands to reverse a ban on laptops and other electronics onboard its U.S.-bound flights. Dubai-based …
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UAE’s DIFC to set up global knowledge hub as financial data values soar
DUBAI: The Dubai International Financial Centre (DIFC) in the UAE is planning to set up a research and information hub to capitalize on the soaring value of financial data in international investment markets. The DIFC’s aim is to “build a regional …
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UAE ambassador funded journalist to sue Al Jazeera: NYT
In February 2015, Fahmy began corresponding with Otaiba who offered to arrange coverage on the UAE-based TV channel SkyNews Arabia, according to the New York Times. “SkyNews to take it live would be awesome, I think a nudge to their C.E.O. could make it …
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Bank clerk jailed for embezzling client’s Dh6.5m
Dubai: A bank clerk has lost his appeal and will be jailed for five years for conspiring with a fugitive against a businessman and embezzling Dh6.5 million from the latter’s account. The 22-year-old Pakistani clerk, who worked at the bank and his …
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UAE energy chief downplays gas shortfall from Qatar crisis
PARIS — The United Arab Emirates’ energy minister says his country has sufficient resources to ward off any energy shortfall stemming from Gulf countries’ standoff with key gas supplier Qatar. Suhail Al Mazrouel told The Associated Press in Paris on …
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How Islamic banking will boost the UAE’s halal sector
Islamic banks’ gross credit increased 8.4 per cent to AED343 billion in the first quarter of 2017, including AED325bn domestic credit that grew 7.4 per cent that will help the UAE’s halal economy to grow faster than non-halal sectors. The UAE’s …
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