AIX Investment Group (AIX), one of Dubai’s leading investment firms, believes that by nurturing sectors such as finance, tourism, and real estate, the emirate has developed a robust and stable economy …
Sculptor drama raises questions about hedge fund value
The answer is related to the reason why Sculptor still has $34 billion under management, even after its founder-CEO Dan Och left and after it paid a $213 million fine, as well as $136 million in …
UK’s Real Estate Market Threatened as Thousands of Millionaires Move to Dubai
London, once a prime destination for millionaires worldwide, is losing its allure as the rich are now heading to Dubai in droves. A remarkable shift has …
Hedge Funds and Private Equity Challenge the SEC’s New Rules
Trade groups including the Managed Funds Association argue in their U.S. appeals court petition the rules exceed the SEC’s authority.
Millionaires Leaving the UK for Dubai
A startling trend is gripping the nation as UK millionaires pack their bags and bid farewell to London’s fading charm. The spotlight has shifted to Dubai, where a wave of high net worth individuals, …
Three Arrows Capital faces penalty from Dubai’s Virtual Asset Regulatory Authority
Kyle Davies and Su Zhu, founders, Three Arrows Capital (3AC), a collapsed digital asset hedge fund, are expected to be facing a fine issued by Dubai’s crypto regulator over the OPNX exchange, stated …
Hedge Fund Investor Letters Q2 2023
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in …
Hedge funds are expanding basis trades, data suggests
A surge in short sales of US Treasury futures suggests hedge funds are expanding basis trades, a popular tactic that may be injecting leverage into a bond market whipsawed in the wake of this month’s …
Hedge Funds Are Most Bullish on EM Equity Futures Since 2020
Hedge funds’ bullish bets in emerging-market equity futures have risen to the highest since the gauge’s pandemic low three years ago, signaling budding optimism for the asset class.
Saudi auto rental firm Lumi could raise $290 mln for IPO
Saudi Arabia’s Lumi, one of the largest auto rental firms in the kingdom, said on Wednesday that it could raise up to 1.089 billion riyals ($290 million) after a price range was set for its initial …
Saudi: Clifford Chance plays key advisory role in Tawal’s $1.4bln finance deal
According to Clifford Chance, this funding, to be provided by a club of UAE and Non-UAE based Islamic financial institutions, will be used to acquire three prime telecommunications tower asset …
Over 2.5mln deals worth $37.16bln conducted on Dubai’s DFM in eight months
DUBAI – In the first eight months of the year, 29 brokerage firms listed on Dubai Financial Market (DFM) conducted over 2.57 million deals on 80 billion shares worth AED 136.4 billion.
Dubai Financial Market sees $37.1bn of shares traded this year
Dubai Financial Market has seen shares worth AED136.4bn ($37.1bn) traded so far this year. In the first eight months of the year, 29 brokerage firms listed on the DFM exchange conducted more than …
UAE shares mixed ahead of US jobs data; oil extends gains
Stock markets in the United Arab Emirates were mixed on Friday, with Dubai’s benchmark index rising ahead of U.S. jobs data as investors expect the figures will sway the Federal Reserve to pause rate …
Dubai rents only going up, ‘bad news’ for tenants as UAE population booms
As more residents adopt a long-term perspective on living in Dubai, homeownership will likely increase. This is in addition to favourable mortgages and policies by Dubai Land Department, as well as …
UAE economy to grow 3.9% next year: forecast
The financial analyst forecasts the UAE’s gross domestic product (GDP) will grow 3.5 percent in 2023, rising to 3.9 percent in 2024.
Dubai plans DIFC law changes
Dubai International Financial Centre proposes new laws as it aims to keep in line with international best practice …