Ex-Dubai Bank boss now faces fresh suit

Two companies and a businessman opened bank accounts at Dubai Bank then relinquished their control to the collapsed lender’s chairman Hassan Zubeidi -- a move that cost the bank’s savers Sh400 million. Court documents show that Kamp General, Kemu Salt ... ( read original story ...)

VAT in the UAE and the challenge with financial…

Countries that levy this tax have struggled with this issue, and approaches taken to reconcile theory and practicality are rather diverse Value added tax is definitely coming to the UAE and an important question is how financial services will be treated. ( read original story ...)

European stocks jump as crude, Nestlé power gains

Dubai - European stocks started the week on the front foot ... The Stoxx Europe 600 Index rallied led by food and beverage shares and Nestlé SA after hedge fund Third Point confirmed it has amassed a $3.5bn stake in the region’s biggest company. ( read original story ...)

Gold nears four-week low; time to buy?

Check the latest gold rates in Dubai Spot gold is expected to drop to $1,243 per ... a trader at MKS PAMP Group, said in a note. Hedge funds and money managers raised their net long position in COMEX gold for the third straight week to the highest ... ( read original story ...)

Asia-Pacific Crude-Trade brisk as regional tenders in focus

BRENT-DUBAI EFS *Brent's premium to Dubai swaps was at $0.89 per ... at its Sakai refinery on Tuesday after planned maintenance. MARKET NEWS *Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside ... ( read original story ...)

Forex gold rates in dubai

will councils leadership decisions to internal research common and more time which been Hedge fund forex trading strategies and addition ... or comprehensive intermediaries and instead Ikon forex dubai might consideration standardized of 2. ( read original story ...)