The Dubai Financial Market jumped 5.54 per cent to 1,785 points … Saudi Aramco edged up 0.2 per cent to 32 riyals, hitting its IPO price. The Bahrain market edged up 0.2 per cent to 1,313 points, …
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Finablr appoints investment bank Houlihan Lokey as company considers options
Company says it is considering a debt restructuring, a capital raise or a potential sale of assets Customers at a UAE Exchange outlet in Dubai. Parent company Finablr … written by group companies …
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Mideast Stocks: Weak oil, recession fears pressure most Gulf stocks
Dubai’s main share index fell 2.9% … government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO). The privatisation drive is part of Vision 2030, a …
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Trump says he expects Russia, Saudis to cut oil production
FILE – In this Dec. 11, 2019, file photo, Saudi Arabia’s state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco’s initial public …
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From Local To International, Commission-Free Trading Platform TradeUP Rolls Out Hong Kong Stock Trading
TradeUP user growth continues to boom as the stock trading platform unveiled its latest offering of Hong Kong stock trading – an opportunity that lets users explore one …
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Former Trump adviser joins Saudi Aramco Board of Directors
Saudi Aramco has moved to strengthen its leadership team as the world’s biggest oil company faces a crucial period after its record-breaking initial public offering (IPO) last year. It announced the …
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Covid-19 ‘reveals the fragility of our financial system’
In over 30 years of doing this job I have never seen three simultaneous blows to the economy. I am again reminded of 2008, where small events like BNP Paribas closing their high-yield fund, Bear …
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Trump says oil-cut deal with Saudi, Russia to halt price rout
U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an …
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The winners and losers of the Covid-19 stock market crash
Vijay Valecha, chief investment officer at Century Financial in Dubai, says you might find opportunities in the most surprising places … you can invest in a spread of companies listed on the S&P500 …
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Breakingviews – Cox: What will change after coronavirus passes?
It has enabled cities like Doha, Dubai, Istanbul and Abu Dhabi to style themselves as international hubs … If these investments perform no worse than actively managed and hedge funds, a further …
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Expat workers in Middle East face uncertain future after Covid-19
chief economist at Peninsula Real Estate in Dubai. “Businesses will respond differently depending on their circumstances,” said Ali Al-Salim, co-founder of Arkan Partners, a consulting company for …
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OPINION: What will change after coronavirus passes?
It has enabled cities like Doha, Dubai, Istanbul and Abu Dhabi to style … If these investments perform no worse than actively managed and hedge funds, a further shakeout will be on the cards …
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UAE to boost strategic stockpile, waive visa fines over coronavirus
DUBAI (Reuters) – The United Arab Emirates will reinforce its stockpile of strategic goods and waive residency visa fines for the rest of the year in response to the coronavirus outbreak, its vice …
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Hedge Fund – Alden Global Capital
With offices in New York City, Dallas, Houston, Dubai, London and Mumbai, Randall Smith’s Alden Global Capital has grown to become a surprisingly big player in the media space, particularly in …
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Oman’s Taageer Finance and Sohar disclose 4.67m rial exposure to NMC
Oman’s Taageer Finance and Sohar International Bank disclosed they have exposures to embattled UAE healthcare firm NMC Health. Taageer, which provides auto financing and funding for industrial …
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Gold prices soar, but UAE shoppers are not giving it a look
But UAE shoppers will only be giving a casual look to the prices, with jewellery retail outlets still shut as part of the wider restrictions on commercial activity to counter the COVID-19 spread. “The …
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COVID-19: UAE Central Bank wants banks to speed up stimulus relief
The Central Bank said in a statement that it encourages all boards and managements of banks to accelerate their confirmation to implement TESS measures. “From our side, CBUAE will …
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