Tag: finance

Dubai: Commercial Bank of Dubai announced the appointment of C Krishna Kumar as its chief operating officer. Kumar joins CBD from his previous role as chief operating officer of Qatar Islamic Bank in Doha. He has over 25 years of experience in the banking ... ( read original story ...)

Autism Rocks has since organised concerts with Prince, Lenny Kravitz and Gary Barlow and has the naming rights for the Autism Rocks Arena next to Dubai Outlet Mall. The 47-year-old also runs a hedge fund company based in Dubai International Financial ... ( read original story ...)

UAE banks holding Qatari loans have become “more aggressive over the past couple of weeks” in offering the loans for sale in the secondary market, said one banker at a European bank specializing in financial institutions. Prospective sellers ... ( read original story ...)

Bordered by eight other countries and a member of both the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC), Zambia is an important regional trade hub. According to MIT Economic Complexity Index ... ( read original story ...)

Saudi Aramco isn’t talking with any Russian companies about possible participation in its initial public offering, the head of the state ... the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)

Morgan Stanley Investment Management says it favors rupee bonds, though prefers to hedge its currency exposure ... Roland Mieth, a Singapore-based fund manager for emerging markets, said in an interview. The asset manager was reducing its overweight ... ( read original story ...)

The firm has set up a one-stop shop for hedge funds and private equity firms for undertakings ... The funds chosen by Addleshaw this year are based in London, but are also as far afield as Dubai and Hong Kong. “We were really taken aback by the ... ( read original story ...)

Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the Emirate, said it is planning to earmark significant financial resources on digital technology this year as banks in the UAE race to lower costs and boost revenues by having a nimble branch ... ( read original story ...)

Dubai launches blockchain-based cryptocurrency. On September 26 Dubai’s government’s economic website announced it had established a partnership to facilitate financial transactions through contactless payment. “The partnership brings Emcredit ... ( read original story ...)

Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance said: “These decisions bring an added layer of transparency to the Authority’s relationship with its customers and this, in turn, provides extra incentive for ... ( read original story ...)