Tag: finance

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

Saudi Arabia and the United Arab Emirates (UAE`s) recent decision to suspend ties with Qatar over its perceived support for terrorist elements and for not cutting off ties with Iran appears to have taken a fresh twist. London: Saudi Arabia and the United ... ( read original story ...)

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 ...)

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 ...)

BRENT-DUBAI EFS *Brent's premium to Dubai swaps was at $0.74 per ... of offshore drilling by half or more - just as shale oil producers have done onshore. *Hedge funds and other money managers appear to have abandoned all hope that OPEC will rebalance ... ( read original story ...)