(Reuters) – Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ … Uber has received estimates from IPO bankers that have pegged its value at up to $120 b…
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EFG Hermes advising on $500 million M&A deal in Saudi Arabia, more in pipeline – executive
DUBAI (Reuters) – Egypt’s EFG Hermes is working on a $500 million … The bank is also advising on an initial public offering (IPO) in Saudi Arabia, Fahmi said, but would not give any more details. EF…
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DARMA Capital Launches First in Series of ‘Optimized Long’ Digital Asset Investment Funds
After choosing fundamentally strong assets that have regulatory clarity, we apply an actively managed risk overlay strategy that is designed to dynamically hedge … and Dubai. For more information, p…
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Major Disruption to the Global Energy Chain Is Triggering Once-in-a-generation Opportunities
To provide global investors with highly rewarding opportunities to develop the infrastructure and technology required to reshape the energy value chain, Exergy, together with Dalma Capital Management, …
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Josh Flagg’s Has a Very Young Client to Impress
Most recently, she has been chosen to be The US Ambassador for the Royal Atlantis Resort and Residences in Dubai, a breathtaking structure … Parnes began working at a hedge fund before moving on to …
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Pakistan to receive $4.1b from UAE, China soon: finance minister
KARACHI: Pakistan is set to receive $4.1 billion in financial assistance from friendly countries next week, according to Finance Minister Asad Umar. The minister’s disclosure came at a seminar …
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National Bank of Fujairah looks to raise $350m bond as it continues to grow
The National Bank of Fujairah, which counts the emirate’s government and Dubai’s sovereign wealth as shareholders, is looking to raise $350 million (Dh1.3 billion) from the capital market this year as …
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Al Merri rings gender bell at Dubai Financial Market
Mona Al Merri rang the Dubai Financial Market Gender Equality bell on the occasion of International Women’s Day. Image Credit: Courtesy: Dubai Media Office Dubai: The Dubai Financial Market (DFM …
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Saudi Arabia leads GCC’s $2.5bn IPO activity in 2018
“We continue to work with many companies in preparation for transactions in 2019 and beyond, particularly from the United Arab Emirates, Saudi Arabia, and Egypt.” Globally, IPO activity continued to s…
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United Arab Emirates : DIFC reaches new heights as it enters 15th year of operations
Mar 07, 2019 (Euclid Infotech Ltd via COMTEX) — Dubai International Financial Centre (DIFC) has cemented its position as the leading financial hub in the Middle East, Africa, and South Asia region (M…
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Dubai expat ‘A.M.’ banned for financial crimes
The Dubai Financial Services Authority (DFSA) has announced that it has imposed a restriction on an expat – identified as A.M., a former relationship manager – at a DFSA Authorised Firm. The DFSA foun…
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Dubai stock exchange rings bell for women empowerment, gender equality in capital markets sector
For the second consecutive year, the Dubai Financial Market (DFM) joined 70 stock exchanges around the world in hosting the ceremony to mark the occasion of International Women’s Day …
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Dubai’s DFSA bars expat from working in DIFC for fraud
The Dubai Financial Services Authority (DFSA) has restricted an expatriate financial relationship manager from working in the Dubai International Financial Centre (DIFC) due to allegations of fraud.
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UAE starts preparations for 2020 draft general budget
The UAE Ministry of Finance has issued a financial circular on the preparation of the draft general budget of the federation for the fiscal year 2020, as part of the five-year plan (2017-2021). This y…
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UAE banks overcharging credit cardholders, borrowers? Here are banking fees you need to know
Dubai: UAE credit cardholders and borrowers are feeling the pinch of high financial services costs and have called on banks and financial institutions to lower their fees. Gulf News spoke to a …
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UAE financial professional banned from DIFC for unauthorised investments, fabricating net worth of Dubai client
Dubai: A UAE expatriate has been barred from offering wealth management services to investors in Dubai after he was found to have fabricated a client’s net worth and made unauthorised investments.
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Dubai’s finance department unveils second economic incentives suite
The Government of Dubai’s Department of Finance (DoF) has launched a second package of economic growth initiatives aimed at enriching the emirate’s economic incentive package as part of the government …
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