Qatar asks US to probe financial manipulation by UAE

Qatar's central bank asks US to investigate Emirati bank accused of waging 'financial warfare' against it. Qatar's central bank has asked US regulators to investigate an Emirati bank that Doha accuses of waging "financial warfare" against it. Qatar claims ... ( read original story ...)

UAE- Five key factors driving Islamic finance growth

(MENAFN - Khaleej Times) In just one year, Islamic economy has registered remarkable progress, its markets have expanded, products increased and its culture broadened. More specifically, global Islamic finance assets increased from $2 trillion in 2016 to $ ... ( read original story ...)

UAE, Bahrain and Fintech: The financial disruption is on

According to an intelligence report by Business Insider (BI Intelligence), Fintech could be bigger than ATMs, PayPal, and Bitcoin combined. “The fintech industry no longer stands clearly apart from financial services proper, and is increasingly growing ... ( read original story ...)

UAE companies may raise Dh33 billion from IPOs

The initial public offering (IPO) market looks pretty strong as the UAE companies are projected to raise up to $9 billion (Dh33 billion) this year, which could see 2018 as a landmark year for the UAE financial markets, industry analysts have said. ( read original story ...)

Branching out: Commercial Bank of Dubai CEO Dr Bernd van Linder

When the Commercial Bank of Dubai (CBD) was created by an Emiri decree in 1969, the UAE was not yet an independent nation and Dubai was still very much a small Gulf port at the very beginning of its meteoric rise to become one of the world’s foremost ... ( read original story ...)

Dubai, Russian and US interest in AC Milan – reports

Dubai businessman Saeed Al-Falasi is reported to be interested ... AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October the US ... ( read original story ...)

UAE millionaires among world’s most confident – survey

Millionaires in the UAE are significantly more confident about both their own prospects and the wider economic outlook than most of their counterparts in other major markets, according to a new UBS Confidence Index. The index – a study of over 5,400 ... ( read original story ...)

Arab offer for Milan?

It’s reported that a member Dubai's royal family is interested in buying Milan, amid doubts over Yonghong Li’s finances. The Rossoneri were bought over by the Chinese businessman last April, but a loan from US hedge fund Elliot Management was required ... ( read original story ...)

From Switzerland To Singapore: The World’s Top Tax Havens

Now it deals with some of the world’s biggest banks, corporations and hedge funds. On the FSI secrecy index ... And no one’s entirely sure how much offshore money is flowing through here. Dubai, servicing massive regional oil wealth, gets the highest ... ( read original story ...)