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Tag: finance

Posted on 18/04/2018

$4.2bn of cheques bounced in the UAE during Q1

according to the UAE Central Bank. From January to March, cheques worth AED15.7 billion bounced, accounting for 4.3 percent of the total value, state news agency WAM reported. It added that March registered the highest amount of cheques processed through …
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Posted on 18/04/2018

Dubai Financial Market : UAE bourses await launch of Cityscape Abu Dhabi

Dubai – Mubasher: The UAE bourses are likely to see more buying on real estate stocks on Tuesday, in line with the launch of Cityscape Abu Dhabi 2018, analysts told Mubasher. The Dubai Financial Market (DFM) closed Monday’s trading session 0.3% down at …
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Posted on 17/04/2018

Revealed: why UAE residents are losing confidence in their finances

Almost half of UAE residents are less confident about their financial health than they were 12 months ago, according to a new survey. The quarterly Consumer Confidence Tracker from yallacompare, the Middle East comparison site, revealed that 42.9 percent …
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Posted on 17/04/2018

Half of UAE residents less sure about financial health

Almost half of UAE residents are less confident about their financial health than they were 12 months ago, but remain more confident about their prospects in the UAE than anywhere else, said a new report. The quarterly Consumer Confidence Tracker from …
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Posted on 17/04/2018

Dubai-based firm launches commodities-backed cryptocurrency

Freedium, a company establishing a presence at the Dubai Multi Commodities Centre (DMCC … volatile currencies and limited access to banking services. “Emerging and developing countries have a population of 6 billion people, represent 60 percent …
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Posted on 17/04/2018

UAE Leadership Supports Delivery of 281 Million Vaccines to Protect Children From Polio in Pakistan

UAE support also funded more than 5,000 committed full-time … the GPEI has reduced the global incidence of polio by more than 99 percent. The GPEI receives financial support from governments of countries affected by polio, private sector foundations …
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Posted on 17/04/2018

UAE residents less confident about finances as living costs rise

More than 40 per cent of UAE residents are less confident about their financial status than a year ago as concerns surrounding the cost of living and job security increase, according to a new survey. Comparison site Yallacompare’s consumer confidence …
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Posted on 17/04/2018

Bahrain VAT – lessons learned from KSA & UAE

The United Arab Emirates and the Kingdom of Saudi Arabia introduced Value … Camburn also said that “VAT is not only the finance’s responsibility, it involves also other functions such as purchase, sales, IT and legal teams, etc.
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Posted on 17/04/2018

United Arab Emirates shares higher at close of trade; DFM General up 1.83%

Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Services, Finance & Investment and Banking sectors propelled shares higher. At the close in Dubai, the DFM General gained 1.83%, while the ADX General index …
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Posted on 17/04/2018

Amlak Finance to develop $79m mixed-use project in Dubai

RELATED ARTICLES: Amlak Finance completes first property development in Mirdiff | Amlak Finance records net profits of $2m in Q1 2017 | Amlak Finance renegotiates restructuring terms Sharia-compliant real estate financier Amlak Finance has announced plans …
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Posted on 17/04/2018

UAE Government Expands Relationships With Leading US Hospitals

WASHINGTON, April 16, 2018 /PRNewswire/ — UAE Ambassador to the US Yousef Al Otaiba signed memoranda of understanding (MOU) with leaders from six top US hospitals. The agreements will ensure enhanced medical care for designated Emirati patients and will …
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Posted on 17/04/2018

Freedium Announces First Commodities Backed Digital Stable Currency at Dubai Blockchain Forum

Headquartered in Switzerland with an operational base in Dubai, UAE, Freedium is dedicated to fostering financial inclusion and unleashing the potential of emerging and developing economies starting with the launch of the first commodity backed …
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Posted on 17/04/2018

Meraas and Caesars Entertainment Plan to Bring Caesars Palace to Dubai

The hedge fund run by Ricky Sandler held 7.46 million shares of the homebuilding company at the end of 2017Q4, valued at $471.55 million, down from 8.12 million at the end of the previous reported quarter. Corsair Capital Management Lp who had been …
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Posted on 16/04/2018

Dubai-based firm launches diamond-backed crypto assets

Dubai-based Al Kasir Group has launched three new crypto assets backed by certified diamonds, the company announced on Monday. Al Kasir Group is a joint venture under the private office of His Highness Sheikh Ahmed Bin Obaid Al Maktoum, and operates Al …
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Posted on 16/04/2018

UAE rugby season takeaways: Financial issues have been a running theme of 2017/18

Dubai Rugby Sevens – Winners: Dubai Exiles; Runners up: Jebel Ali Dragons West Asia Premiership- Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins UAE Premiership Cup- Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles UAE Premiership …
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Posted on 15/04/2018

China Takes First Step In Paying For Crude Imports In Yuan

Until now, Chinese oil imports were based on FOB benchmarks, with long-term procurement contracts settling off Platts Oman/Dubai or Dated Brent … crude delivery and may in fact at times reduce its hedge efficiency. • A new investment vehicle for …
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Posted on 15/04/2018

‘The Flight Attendant’ is, yes, the perfect airplane read

But one fateful morning in a hotel room in Dubai puts a dead stop to Cassie’s fancy-free lifestyle … the dizzy recollections of a passionate night spent with the hedge fund manager named Alex she met on the flight from New York. Cassie turns to look …
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