DUBAI/RIYADH/LONDON (Reuters … Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative ca…
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Digital-only Dubai bank launches first credit score check
Liv., the lifestyle digital bank by Emirates NBD for millennials, has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers access to their credit score. The bank sa…
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Dubai Financial Services Authority joins regulator network
The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has issued a discussion paper announcing the esta…
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Want to save? Try this old-school coin bank
Dubai: Struggling to save? Some Filipinos in the UAE who have … Users gave a twist to the old-school piggy bank method and used a “save and shade” template printed on a tin can. Through this, savers …
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State Funds Back Cathay Midcap II
Hedge funds manage money from a wide number of capital sources including … Nordic Capital, through its fund Nordic Capital Fund VIII, sold Danish logistics company Unifeeder Group to Dubai-based por…
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DP World to Acquire Unifeeder from Nordic Capital
DP World was founded in 2005 by merging Dubai Ports Authority and Dubai Ports International … Existing investors in UTA include Jeffrey Ubben, a co-founder of hedge fund ValueAct Capital. The UTA pa…
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Abraaj founder faces fresh criminal complaint over $300m loan
The cheques relate to a $300m loan issued by Mr Jafar to Dubai-based Abraaj … after resistance from some investors in Abraaj funds. Other offers have been received, including bids from US hedge fund …
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Gold prices rise, 22k priced at Dh138 in Dubai
Meanwhile, 24k gold is priced at Dh147.25 and 22k can be bought at Dh138.25 in Dubai. US gold futures were … world’s largest gold-backed exchange-traded fund, fell 0.26 percent to 794.90 tonnes on F…
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MO’ MONEY: New doc examines how greed replaced the American Dream
a disgraced hedge fund guy and various others who went after money with a passion. Her film moves all over the globe — America, China, Ireland, Dubai, Iceland, Europe — examining wretched excess in ev…
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HDFC Bank Limited (HDB) Shares Bought by Jennison Associates LLC
17.02% of the stock is owned by hedge funds and other institutional investors … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Trea…
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DnB Asset Management AS Cuts Stake in HDFC Bank Limited (HDB)
Other hedge funds and other institutional investors also recently bought … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treas…
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Police launch campaign to tackle speeding drivers
2018 Dubai tourist racks up £36k in speeding fines in rented supercar BBC News – 16:51 PM GMT August 06, 2018 Hedge fund manager is fined £440 for speeding despite arguing it should have been less Mai…
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DFSA Joins Peers in Discussion on a Global Financial Innovation Network
The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has today issued a discussion paper announcing th…
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Emirates Investment Bank Reports Financial Results for the Second Quarter and First Half of 2018
Emirates Investment Bank (“EIBank”), an independent private bank based in the UAE (DFM: EIBank), today announced its financial results for thesecond quarter and first half of 2018. Financial Highlight…
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Mashreq, Trade Bank of Iraq and General Electric Enter Into Strategic Cooperation
Mashreq Bank, the leading financial institution in the UAE, has entered into a strategic cooperation with the Trade Bank of Iraq (TBI) and General Electric (GE) to accelerate the development of power …
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Dh860,000 vanish from man’s account in UAE
A customer of a local bank in the UAE was shocked to find that his account balance had been reduced to zero from Dh860,000 while he had travelled outside the country. Police investigations revealed th…
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Swift gears up for debut regional summit in Dubai
Swift, one of the world’s leading providers of secure financial messaging services, is set to host its first regional conference in Dubai from September 24 to 25. The event will see more than 250 seni…
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