Selloff Brings Bond Bulls Back to India

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 ...)

Joined-up thinking to keep the client close

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 ...)

2018 will be the year for cryptocurrency in UAE

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 ...)

DFSA Censures Finance Officer

The Dubai Financial Services Authority (DFSA) has censured Mr Prabhakar Kamath, a former Finance Officer of a DFSA Authorised Firm for submitting an inaccurate financial report to the DFSA. Mr Kamath, in his capacity as Finance Officer, was responsible for ... ( read original story ...)

UAE bank says all services back on line after major upgrade

Abu Dhabi Commercial Bank (ADCB) has announced that its banking services are all back on line after a three-day outage to carry out a major system enhancement. ADCB said it has successfully completed the migration of its core banking systems and ... ( read original story ...)

Abdul Aziz Al Ghurair: Digital banking gaining speed in the UAE

All over the world, the banking sector is operating in an era of great technological flux, one in which the adage "innovate or die" morphs into a stark and very real message staring the industry in its face. As technology plays an ever increasing role in ... ( read original story ...)

UAE banks seek to reduce cash usage with new app

and set the path for the country’s transition to a cashless future,” said chairman of the UAE Banks Federation, HE Abdulaziz Al Ghurair. Earlier this week, Al Ghurair’s bank Mashreq announced plans to cut branches as part of a focus on digital banking. ( read original story ...)