An unlicensed financial adviser has been found liable after a client lost hundreds of thousands of dirhams in an investment scheme. A civil court-appointed financial expert came to the conclusion afte…
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Dubai International Financial Centre signs agreement with China Banking Association
MoU to create synergies and promote knowledge sharing in the areas of financial services and FinTech The two entities to collaborate on sharing best practices and delivering enhanced services to their …
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United Arab Emirates shares mixed at close of trade; DFM General down 0.37%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Insurance and Finance & Investment sectors propelled shares higher while losses in th…
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Dubai Customs carries out 203,650 smart transactions in a week
The week-long initiative, led by the Dubai Government’s Department of Finance (DOF) under the directives of Sheikh Mohammed, aims to make Dubai the smartest and happiest city in the world by raising a…
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Saudi schools IPO underscores weakening foreign demand
Dubai: A Saudi private school operator’s initial … department didn’t reply to calls or emails seeking comment on the IPO. Bankers were marketing NCLE’s shares in a tough environment …
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Dubai International Financial Centre Signs Landmark Agreement with China Banking Association
MoU to create synergies and promote knowledge sharing in the areas of financial services and FinTech The two entities to collaborate on sharing best practices and delivering enhanced services to their …
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New law enhances discretionary powers of UAE Central Bank
… Law No. 14 of 2018), entrusts the Central Bank of UAE with the responsibility of licencing and regulation of all kinds of financial services activities in the UAE. The law expands on previous …
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Bank results reflect strong revival in operating environment
Dubai Islamic Bank (DIB) reported a net profit of Dh3.7 billion for the first nine months of 2018, up 12.1 per cent from Dh3.3 billion reported in the same period last year. For the third quarter …
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Dubai’s IFC becomes a hive of activity for Fintech start-ups
FinTech Hive, an arm of Dubai International Financial Centre (DIFC), is emerging a platform to incubate fintech start-ups from not just the UAE, but also the US, the UK and India besides other South A…
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DeVere Group Targets Arbitrage With New Crypto Fund
Announced in a press release Thursday, the new investment offering, called deVere Digital Asset Funds, is being launched in partnership with Dubai-based hedge fund manager Dalma Capital Management. Th…
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UAE issues tough anti-money laundering law
Commenting on the issuing of the decree, Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, said: “The UAE’s wise leadership is keen to develop the legislative and leg…
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Deals on Nasdaq Dubai’s Islamic financing platform exceed $100bn
Established jointly by Nasdaq Dubai and Emirates Islamic, the platform meets needs ranging from funding for corporate growth and expansion to personal finance for retail customers. Transactions on the …
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DeVere moves into crypto funds management
a prominent hedge fund manager in the Dubai International Financial Centre. It comes a day after Bitcoin, the world’s original digital currency, and still largest by market capitalization, reached its …
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Four Mena IPOs raise nearly $350m in Q3: EY
The Mena region raised $349.9 million through four initial public offerings (IPOs) in the third quarter (Q3) of 2018, according to the latest Mena IPO Eye report released by professional services firm …
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deVere Group Launches Actively Managed “Cryptocurrency Solution” for Investors
a hedge fund manager in the Dubai International Financial Centre. Nigel Green, founder and CEO of deVere Group, says that cryptocurrencies are now undeniably part of mainstream finance. Green believes …
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UAE Faces Money Laundering, Terror Financing With New Law
FATF is an international organization that sets global standards for fighting illicit finance. The UAE has been tightening its financial regulation to try to close regulatory gaps. Dubai International …
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UAE issues law to curb money laundering, terror financing
A new law to combat money laundering and terror financing has been passed in the UAE, it was announced on Tuesday. The law issued by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, ord…
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