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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...)

UAE Islamic banking assets ‘will boost halal sector’

The UAE’s Dh522 billion ($142 billion) Islamic banking assets will help fuel the growth of the country’s Halal sector, according to research conducted by Orange Fairs and Events, organisers of the Halal Expo Dubai 2017. Seven Islamic banks out of the ... ( read original story ...)

Gulf IPO listings surge to five-year high in Q1

The third and final listing was by ENBD REIT fund on Nasdaq Dubai offering 94.6 million shares and raising proceeds of $ 105 million. The fund invests in a diversified portfolio of Shari'a-compliant real estate assets in the UAE. The IPO is the first to ... ( read original story ...)

This 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 ... ( read original story ...)

2017 Sees a Record High Number of IPOs in GCC

The third and final listing was by ENBD REIT fund on Nasdaq Dubai offering 94.6 million shares and raising proceeds of US$ 105 million. The fund invests in a diversified portfolio of Shari’a-compliant real estate assets in the UAE. The IPO is the first ... ( read original story ...)