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Tag: finance

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 …)


Posted on 07/01/2021

Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market

First Abu Dhabi Bank PJSC followed its Dubai rival to the debt market by starting to market dollar-denominated Islamic bonds on Thursday.
( read original story …)


Posted on 06/01/2021

Dubai Bank Mashreq May Move Nearly Half Its Jobs to Cheaper Hubs

Mashreqbank PSC, Dubai’s third-biggest lender, plans to move nearly half of its employees to cheaper locations and allow some others to work from home as part of a dramatic reorganization that will …
( read original story …)


Posted on 06/01/2021

Qatar’s biggest bank expects Gulf detente to boost companies, lenders

Qatari companies including banks are forecast to get a boost from a deal to end a more than three-year row between Doha and some Gulf states, which was announced by Crown Prince Mohammed bin Salman on …
( read original story …)


Posted on 06/01/2021

GB News seals £60m funding ahead of ‘boldly different’ launch

The latest addition to Britain’s array of 24-hour news channels is to begin recruiting more than 100 journalists after completing a £60m fundraising that it claims was significantly oversubscribed. GB …
( read original story …)


Posted on 06/01/2021

GB News seals £60m funding for ‘bold’ launch

The latest addition to Britain’s array of 24-hour news channels is to begin recruiting more than 100 journalists after completing a £60m fundraising that it claims was significantly oversubscribed.
( read original story …)


Posted on 06/01/2021

GB News reveals new investment and creation of 140 jobs

The new 24-hour news channel revealed Legatum and Sir Paul Marshall, founder of hedge fund Marshall Wace, have become its latest investors.
( read original story …)


Posted on 05/01/2021

UAE leads world in Islamic finance industry

The UAE has led the world in setting an international regulatory framework governing Islamic finance, according to a report by Global Finance Magazine. The report focused on the impact of the …
( read original story …)


Posted on 05/01/2021

Saudi, UAE Business Conditions Improve, Though Employment Falls

Business activity in the Arab world’s two largest economies improved at the end of last year, with Saudi Arabia seeing its strongest expansion in 13 months.
( read original story …)


Posted on 04/01/2021

MIDEAST STOCKS-Dubai leads gains as markets rise on higher oil

Major Gulf stock markets finished higher on Monday amid a surge in oil prices, with Dubai outperforming the region, led by property and banking stocks. Jan 4 (Reuters) – Major Gulf stock markets …
( read original story …)


Posted on 04/01/2021

Dubai stock market outperforms region amid surge in oil prices

An Emirati trader checks the stocks of Emaar Malls on the screen at the Dubai Financial Market in United Arab Emirates (AP). Major Gulf stock markets finished higher on Monday amid a surge in oil …
( read original story …)


Posted on 04/01/2021

Dubai Police arrest 97 criminals, prevent losses of Dh11.8 billion

The Dubai Police prevented the loss of billions of dirhams with the arrest of 97 “dangerous criminals” in 2020, the force has said. According to the Criminal Investigation Department’s statistical …
( read original story …)


Posted on 04/01/2021

Analysis: Forex Traders from UAE Keep Investing Large Sums

Finance Magnates examines November data. When Russian forex traders deposit most often, the greatest sum of money came from the United Arab Emirates.
( read original story …)


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