PRNewswire/ — Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United …
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RJ O’Brien acquires Dubai-based interdealer broker Lombard Forte Securities
Lombard Forte Securities is now part of the RJ O’Brien group as the broker looks to expand its geographic reach.
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UAE: Reader complains against bank charges of Dh1,300 for a credit card that was blocked
Bank reversed the total outstanding after Gulf News’ intervention. Trending Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them any time by …
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Dubai Aerospace Enterprise posts 38% drop in H1 profits
Dubai Aerospace Enterprise (DAE), the Middle East’s largest plane lessor, has reported a 38 percent drop in profits for the first half of the year compared to the first six months of 2019. The company …
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Kuwait Finance House’s Q2 profit down 77.5% hit by lockdown
Kuwait Finance House KFH.KW on Thursday posted a 77.5% decline in second-quarter profit after it boosted impairment charges and precautionary provisioning …
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BNP Halts New Commodity Trade Finance Deals Amid Unit Review
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.The …
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Dubai Aerospace Enterprise reports $197.1m first half 2020 net profit
Fewer asset sales resulted in lower gains, reduced finance income Dubai: Dubai Aerospace Enterprise (DAE) Ltd on Wednesday The company reported a total revenue of $672.6 million in the firt half of …
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Foreign investment in Dubai plummets in first half 2020
DUBAI (Reuters) – Foreign direct investment in Dubai fell by 74% in the first half of the year compared to the same period of 2019, as the coronavirus pandemic stalled parts of the global economy.
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BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.The …
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Dubai court tells bank to pay customer Dh4.6 million after his account got hacked
A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai Court of Appeals. The amount is worth of balance, siphoned off from his account. In October …
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Grab expands finance business with consumer loans services, wealth management
SINGAPORE – Grab, Southeast Asia’s biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth …
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RAK Bank to close 25% of its branches next month
will shut down nine branches from next month as demand for digital banking grows among the UAE residents. The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi …
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Markets Work: How Dubai Gold & Commodities Exchange Is Navigating Through Challenging Times
We sat down with Les Male, CEO of Dubai Gold & Commodities Exchange (DGCX … the bank has listed a gold-backed Exchange Traded Fund on the Saudi Stock Exchange using pricing data from the …
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Dubai records 190 FDI deals worth $3.3bln
Foreign direct investments (FDI) continued to flow into Dubai as the number of announced FDI projects reached 190 in the first half of 2020, attracting an estimated capital of Dh12 billion, reflecting …
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Coronavirus: UAE holds first in person cabinet meeting, approves economic initiatives
Google unveils first 5G-enabled phones, cuts price on base Pixel model HSBC says net profit plunged 96 percent as coronavirus pandemic took hold Ottomans in Arab World: Nothing but a name, a few …
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Dubai records 190 FDI deals worth Dh12 billion
Foreign direct investments (FDI) continued to flow into Dubai as the number of announced FDI projects reached 190 in the first half of 2020, attracting an estimated capital of Dh12 billion, reflecting …
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Dubai Investments reports 42% drop in half yearly profits
Dubai Investments has reported a 42 percent drop in net profit for first six months of the year, compared to H1 2019, blamed largely on the impact of the global coronavirus pandemic and a “one-off …
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