MILAN: Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October …
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Dubai businessman, others to buy AC Milan
Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October the US …
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British newspaper editor jailed for killing wife in Dubai
Matthew was not present in the Dubai Court of the First Instance for the verdict read … Co-op Bank bosses assure that hedge fund investors not heading for exit The hedge funds which saved The Co-operative Bank from collapse last year are not running …
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Sequoia may cut size of 6th India fund; Elliott eyes Fortis
In another development, US-based activist hedge fund Elliott Management Corp. has started picking … with plants in India and China, and grinding units in Dubai, according to its website. In another development, Jaipur-based housing finance company …
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Sequoia may cut size of 6th India fund by 30% to $650 mn; Elliott eyes Fortis
In another development, US-based activist hedge fund Elliott Management Corp. has started picking … with plants in India and China, and grinding units in Dubai, according to its website. In another development, Jaipur-based housing finance company …
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Gold prices up, 24k priced at Dh164 in Dubai
Meanwhile, 24k gold is priced at Dh164 and 22k can be bought at Dh154 in Dubai. Spot gold edged up 0.1 percent to … in the making that continue to make gold the go-to place to hedge risk.” Against a basket of six other major currencies, the dollar …
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Technology disruptions, regulatory changes to challenge UAE banks in 2018
Dubai: The UAE’s banking sector which reported resilient performance last year is expected to face challenges from rapid technology innovations, new regulations, the impact of value added taxes and the need for strong corporate governance frameworks …
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UAE businesses need to keep close watch on Fed moves
It is likely to raise rates further to tighten monetary policy and the UAE Central Bank will have to follow suit because of the dirham’s peg to the dollar. The UAE interest rates on corporate loans are at a margin over 3-month Emirates Interbank offer …
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Dubai’s biggest bank approves $600m cash dividend payout
Dubai’s biggest bank, Emirates NBD, has approved a cash dividend for shareholders of 40 percent amounting to more than AED2.2 billion ($600 million) for 2017. At the bank’s general assembly meeting, Emirates NBD chairman, Sheikh Ahmed Bin Saeed Al Maktoum …
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Rising interest rates to support UAE bank profitability
Dubai: Increase in interest rates, combined with improving local economic growth, is expected to support the profitability of local banks through improved loan yields, bankers and analysts have said. Last week, the Central Bank of the UAE raised interest …
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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge
Lumina, the Dubai-based specialist corporate finance firm … is best known in the Middle East financial world as Group CEO of Emirates NBD. Pudner led the bank through the completion of one the region’s largest mergers. George Traub, managing partner …
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Less than a third of UAE investors trust their financial advisers, CFA survey shows
While over half of UAE investors use a financial adviser, less than a third consider them trustworthy, according to a new study from the CFA Institute on trust in the country’s financial services sector. Fifty-four per cent of UAE investors polled by the …
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Don’t write off paper bank statements in the UAE just yet
Electronic bank statements have their virtues – from saving trees to keeping your desk uncluttered – but they can also be easy to forget. While UAE customers can still have their statements delivered by post, they will now find themselves in the minority.
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UAE Banks Federation’s Board of Directors Approves Key Initiatives and Priorities for 2018
Presided over by HE Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation, the meeting discussed the latest developments in the banking sector and evaluated the progress of UBF initiatives that aim to further protect customers and banks against cyber …
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Dubai bank pursues 2 UAE fugitives
The pair allegedly fled their country, United Arab Emirates (UAE) after borrowing the money from Doha Bank, Dubai. The bank issued the summons against the pair early this month and the respondents have entered their appearance to defend the case in Harare.
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Dubai’s Abraaj said to mull sale of fund unit stake
Meanwhile, the markets regulator for the Dubai financial center where Abraaj is licensed is holding discussions with the firm about some investors’ concern that capital in a healthcare fund wasn’t allocated properly, though no formal investigation is …
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Dubai Islamic Bank’s ‘MyHome’ Is Set to Change UAE Home Finance Market
Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has launched a new home finance product that is set to change the face of home finance in the UAE. DIB’s MyHome is a ‘one stop shop’ to meet a customer’s entire home finance related needs.
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