Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds — and giving it a go themselves. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens …
UAE grocery chain Spinneys to float on Dubai Financial Market
The company will open its first store in the Saudi Arabian market in La Strada, Riyadh, in the first half of 2024.
NBD Emirates, Mizuho Bank eye KKR’s stake in Avendus Capital
Mizuho Bank and NBD Emirates frontrunners to acquire KKR’s stake in Avendus Capital valued at $430-450 million.
‘Absolute carnage’ – Dubai airport and roads flooded as heaviest rain ever recorded in desert nation of UAE
Heavy thunderstorms lashed the United Arab Emirates on Tuesday, dumping the heaviest rain ever recorded in the country in the span of hours as it flooded out portions of major highways and Dubai’s …
Hedge Fund ‘Pod Shop’ Strategy Imitated by Pensions, Endowments
Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds — and giving it a go themselves. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens …
Dubai roads, airport reel from floods after record rains
Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on Wednesday, a day after the heaviest rains on …
Dubai real estate: Emirates REIT’s property income jumps 10% to record $74mn
Occupancy rates across Emirates REIT’s diversified portfolio of commercial, retail, and educational properties in Dubai rose 1.7 percentage points to 86 percent in 2023. Passing rental rates increased …
UAE Ministry of Finance completes participation in second round of Finance Track Working Group Meetings
The UAE Ministry of Finance has completed its participation in the second round of working group meetings under the Finance Track of the 2024 G20 in Brasília, Brazil, held between March and April 2024 …
The UAE Has Set Its Sights on Africa’s Critical Minerals
The United Arab Emirates is rapidly emerging as a major player in the mining sector in Africa, starting with the acquisition of a large copper mine in Zambia. With its oil-dependent economy vulnerable …
Spinneys listing plans to further deepen UAE stock market; economic diversification: Market experts
The company will list 25 percent of its shares, amounting to 900 million stocks with a nominal value of AED 0.01 …
Hedge Funds Including Millennium Are Shorting UK Water Companies
Hedge funds including Millennium Management and Arrowstreet Capital are shorting the assets of UK water companies after a crisis at Thames Water spotlighted high debt levels across the industry. Most …
Emirates suspends check-in for passengers in Dubai after record rains
Emirates Airline on Wednesday suspended check-in for passengers departing until midnight after record rains caused significant damage across the United Arab Emirates.
Rain aftermath: Maintenance at Dubai Metro stations announced
Dubai Metro timings impacted… The UAE was hit with unstable weather conditions yesterday. Although it may be sunny today – April 17, 2024, the country is currently dealing with the aftermath. If you …
Storm dumps more than a year’s worth of rain on UAE, flooding roads and Dubai’s airport
Heavy thunderstorms lashed the United Arab Emirates on Tuesday, dumping over a year and a half’s worth of rain on the desert city-state of Dubai in the …
UAE’s Klickl Secures ADGM Financial Services Permission, Revolutionizing Finance with Integrated Tradefi and Web 3.0
Dubai, United Arab Emirates, April 17th, 2024, ChainwireKlickl International, a forward-thinking provider of financial …
Schonfeld Still Lacks $3 Billion It Seeks for Drawdown Fund
Schonfeld Strategic Advisors still hasn’t raised the $3 billion it has been seeking since late last year.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapDubai …
Spinneys IPO: UAE supermarket giant sets May 9 to float on Dubai bourse
UAE’s supermarket chain Spinneys Holding plc on Tuesday announced its plans to launch an initial public offering (IPO), offering 900 million shares in the float. The shares, each with a nominal value …