Tag: finance

The Frankfurt-based bank plans to hire in Dubai and Abu Dhabi to cover sovereigns and large … we expect a good increase in deal volume coming to the regional markets this financial year.” International investor interest in Saudi Arabia remains high …
( read original story …)

---

Held in partnership with the UAE Ministry of Finance and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast opened today (26 February) and runs for two days at the Madinat Jumeirah …
( read original story …)

---

Dubai, UAE; 26 February 2018: More than 400 leaders in the industry of fintech have gathered in Dubai today to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE …
( read original story …)

---

Expectations of higher margins on lending, cross-border deals and potential inclusion in global equity benchmarks are some of the reasons banks are rising to the top of the list for Middle East stock investors and analysts. “Banks is where we go …
( read original story …)

---

Mumbai took the top spot for expat salaries – the average expat there earning $217,165. Marwan Hadi, head of Retail Banking and Wealth Management, HSBC, UAE, said: “It is not at all surprising to see that Dubai, and the UAE, continue to be the …
( read original story …)

---

In line with the mandate of the Ministry of Human Resources and Emiratisation, the scheme provides training and educational opportunities to UAE nationals who will be the banking leaders of tomorrow. Sessions such as the one today – that brought together …
( read original story …)

---

First Abu Dhabi Bank (FAB), the UAE’s largest bank, approved the distribution of 70% cash dividends (AED 0.70 per share), as recommended in their annual results last month. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its …
( read original story …)

---

“Going into 2018, UAE banks screen most attractively relative to others from European, Middle East and African emerging markets,” said Hootan Yazhari, head of MENA and global frontier markets at Bank of America Merrill Lynch in Dubai. He expects …
( read original story …)

---

Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after its launch. The Upperhill-headquartered financier said in a notice it is seeking individuals for 15 senior positions …
( read original story …)

---

Sterling Bank Plc recently unveiled a new promo tagged 1dament to reward its new and existing customers during the last Christmas season and in the New Year. The promo, which kicked off in the first week of December 2017, will end in March 2018. Some of …
( read original story …)

---

The assembly also approved the bank’s 2017 financial statements. For the year 2017, DIB reported a net profit of AED 4.5 billion, an increase of 11 per cent compared to AED 4.05 billion in 2016. Other agenda items concluded at the AGM included the review …
( read original story …)

---

Dubai Islamic Bank (DIB) was declared to have raised USD1 billion in the listing of sukuk on Nasdaq Dubai. All sukuk of which Dubai’s exchanges have listed were revealed to have stood at an overall worth of USD53.47 billion. “2018 has once again seen DIB …
( read original story …)

---

Building on to the progress that was made in the financial technology (Fintech) sector in 2017, financial institutions across the UAE say that they are ready to increase their investments in internal innovation and disruptive technologies. “The future of …
( read original story …)

---

25:40- Ghandour asks Arrington about his LPs and he replies that he’s happy with them and that he wants Dubai investors to participate in his hedge fund, because stuff are happening here and he needs to establish a connection. He says that it is a little …
( read original story …)

---

Hedge funds and money managers cut their net longpositions in COMEX gold and copper contracts in the week to February 13, US Commodity Futures Trading Commission (CFTC) data showed on Friday. Asian shares ticked up on Monday, joining a globalrecovery for …
( read original story …)

---

The British-American hedge fund manager, described as the number one enemy of the … “The Russians are not going to keep all their money in Dubai or China, they’re going to keep their money in the US, Canada, and Australia, in safe countries.
( read original story …)

---

Benefits to investors include the ability to hedge … Nasdaq Dubai. SICO, the sole owner of SICO UAE, is a premier regional wholesale bank whose activities include brokerage, market making, asset management, investment banking and custody and fund …
( read original story …)

---