Buimerc Corporation was founded by Siddharth Balachandran, an Indian entrepreneur based in Dubai, and is the operating holding company of several fu …
( read original story …)
UAE says it “reserves right to respond” to Houthi militia attack in Abu Dhabi
The UAE added that those responsible for the targeting of its civilian facilities on Monday will be held accountable …
( read original story …)
Saudi Minister in UAE Says Not Place to Comment on Oil Market
Saudi Arabia’s energy minister declined to comment on oil prices during a visit to the United Arab Emirates. Most Read from BloombergOne of the World’s Wealthiest Oil Exporters Is Becoming …
( read original story …)
Banks invited to pitch for IPO of Dubai road-toll operator Salik -sources
Dubai’s Road and Transport Authority (RTA) sent a request to banks to pitch for top roles in the upcoming initial public offering of road-toll operator Salik, two sources told Reuters.
( read original story …)
Central Bank Guidance to UAE Financial Institutions Banking Cash-Intensive Businesses
The Central Bank of the UAE (“CBUAE”) has issued new guidance (the “Guidance”) to UAE financial institutions providing services to cash-intensive businesses. The s …
( read original story …)
Iran-Backed Houthis Claim Drone Strikes on UAE, Three Die
Most Read from BloombergOne of the World’s Wealthiest Oil Exporters Is Becoming UnlivableDjokovic Loses Shot at Tennis History as Australia Deports StarChina Cuts Interest Rate as Growth Risks Worsen …
( read original story …)
UAE: Sheikh Mohammed honours winners of $3 million Zayed Sustainability Prize
Vice President reaffirms the prize remains at forefront of UAE’s sustainability efforts Sheikh Mohammed bin Rashid Al Maktoum (centre front) honouring winners of Zayed Sustainability Prize at Expo …
( read original story …)
UAE Says Blasts in Abu Dhabi Possibly Caused by Drone Strike
Most Read from BloombergDjokovic Loses Shot at Tennis History as Australia Deports StarOne of the World’s Wealthiest Oil Exporters Is Becoming UnlivableChina Cuts Interest Rate as Growth Risks Worsen …
( read original story …)
DFSA grants ABK DIFC Branch Category 1 banking licence
Al Ahli Bank of Kuwait (ABK)-DIFC announced today that it has been awarded a ‘Category 1 Banking Licence’ by the Dubai Financial Services Authority (DFSA). The licence upgrade allows ABK-DIFC to …
( read original story …)
Moelis wins another top Dubai IPO role with Salik mandate
Dubai’s road-toll collection system has picked Moelis & Co. as financial adviser for its local stock exchange listing, according to people familiar with the matter. The so-called Salik toll system …
( read original story …)
UAE bank deposits grew 80 per cent in 10 years
Deposits at UAE banks grew 80 per cent to Dhs1.884 trillion in 2020 from Dhs1.049 trillion in 2010. According to a report by the Federal Competitiveness and Statistics Centre, which documents the …
( read original story …)
Deposits at UAE banks grow 80% over 10 years
Deposits at UAE banks grew 80% to AED1,884 billion ($512 billion) in 2020 from AED1,049 billion in 2010, according to a report by the Federal Competitiveness and Statistics Centre. The report, which …
( read original story …)
Emirates Islamic Bank starts new Islamic fund
DUBAI — Emirates Islamic Bank has announced … The latest offering is the Islamic Alternative Strategies Fund, a hedge fund with the ability to invest across a range of strategies, aiming …
( read original story …)
UAE – 80 percent growth in bank deposits in 10 years: Federal Competitiveness and Statistics Centre
Deposits at UAE banks grew 80% to AED1,884 bn in 2020 from AED1,049 bn in 2010, according to a report by the Federal Competitiveness and Statistics Centre. The report, which documents the developments …
( read original story …)
Dubai DET and HSBC sign MoU to highlight dDubai’s position as a global liveability hub
MoU will pave the way for DET and HSBC to promote Dubai as a leading international destination for leisure, business and events …
( read original story …)
‘Private bank’ vanishes after duping hundreds in UP
A private ‘bank’ that promised Muslims to keep their money secured, has duped hundreds of people of their money and the main accused has reportedly fled to Dubai. According to the police, hundreds of …
( read original story …)
Hedge Funds World Middle East 2009
The GCC equity markets now appear on the radar screen of every large global investor, and many of the international investors flocking to Dubai for Hedge Funds World Middle East are also on a …
( read original story …)