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Tag: finance

Posted on 13/01/2021

Qatar’s first IPO since 2019 sees shares in QLM soar 17%

Qatar Insurance Co., which will retain a 25 per cent stake in QLM after raising 659 million riyals ($180 million) from the sale, fluctuated between gains and losses as most shares in the Qatar …
( read original story …)


Posted on 13/01/2021

Russia’s Alfa-Bank and UAE’s First Abu Dhabi Bank Join CLSNet

CLS announced on Monday its partnership with two new banks, Alfa-Bank and First Abu Dhabi Bank, that agreed to use payment netting calculation services CLSnet.
( read original story …)


Posted on 13/01/2021

Dubai partner ‘very happy’ with Trump Org despite Capitol chaos

Donald Trump’s business partner in Dubai on Wednesday said he was interested in expanding their commercial relationship despite the storming of the U.S. Capitol last week.
( read original story …)


Posted on 12/01/2021

Citigroup plans to triple wealth management assets in the UAE

Citigroup’s wealth-management business in the UAE plans to triple assets under management to $15 billion over the next five years by increasing the number of its client-relationship managers. As part …
( read original story …)


Posted on 12/01/2021

UAE’s First Abu Dhabi Bank issues five-year $500m sukuk

Abu Dhabi’s biggest lender, has issued a $500m five-year sukuk, which is the lowest-ever yield on any five-year MENA bank USD issuance, issued at MS+90bps (all-in yield of 1.411 per cent) through FAB …
( read original story …)


Posted on 11/01/2021

UAE’s largest bank issues $500m sukuk, first globally in 2021

First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Monday announced it has issued the first sukuk globally in 2021. The bank said it has issued the lowest-ever yield on any five-year MENA bank US …
( read original story …)


Posted on 10/01/2021

UAE, US discuss joint strategic relations

During the meeting, Tayer expressed the UAE’s strong commitment to further consolidate joint dialogue with the US, as it is one of the country’s most important strategic partners.
( read original story …)


Posted on 10/01/2021

UAE IPO market set for major upswing

The initial public offering (IPO) market in the UAE expects to get a significant fillip in 2021 following the launch of the Nasdaq Dubai Growth Market for small and medium enterprises, market analysts …
( read original story …)


Posted on 09/01/2021

Exclusive: XTB Registers New Dubai Subsidiary, Awaits DFSA License

Polish FX brokerage, XTB is seeking a license from the Dubai Financial Services Authority (DFSA) after it has incorporated its new subsidiary, XTB MENA Limited, in the Dubai International Financial …
( read original story …)


Posted on 09/01/2021

Dubai Islamic Bank is ready for the new

The largest Islamic Bank in the country Saturday unveiled its new positioning – #ReadyForTheNew, which is based on the financial pioneer’s long-term vision to be the most progressive Islamic financial …
( read original story …)


Posted on 09/01/2021

Dubai Islamic Bank unveils ‘#ReadyForTheNew’ positioning

The largest Islamic Bank in the country Saturday unveiled its new positioning – #ReadyForTheNew, which is based on the financial pioneer’s long-term vision to be the most progressive Islamic financial …
( read original story …)


Posted on 08/01/2021

Hedge Fund Founder in Dubai Won’t Fight Extradition in Danish Tax Case

Sanjay Shah, a hedge-fund founder charged by Danish prosecutors in a $1.6 billion tax-fraud probe, won’t fight extradition from his home in Dubai.
( read original story …)


Posted on 07/01/2021

Hedge-Fund Founder Charged in $1.6 Billion Cum-Ex Probe

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

Hedge fund founder Sanjay Shah charged in $1.6 billion tax-fraud probe in Denmark

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

Hedge Fund Founder Charged in $1.6 Billion Danish Cum-Ex Probe

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

Denmark Charges Two Britons Over $1.6 Billion Cum-Ex Fraud

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a …
( read original story …)


Posted on 07/01/2021

UAE to resume trade and travel with Qatar within a week

The United Arab Emirates announced on Thursday that it could resume transport and trade activities with Qatar within a week, following an US-brokered agreement signed in Saudi Arabia last week that …
( read original story …)


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