Tag: finance

Dubai: A bank clerk has lost his appeal and will be jailed for five years for conspiring with a fugitive against a businessman and embezzling Dh6.5 million from the latter’s account. The 22-year-old Pakistani clerk, who worked at the bank and his …
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PARIS — The United Arab Emirates’ energy minister says his country has sufficient resources to ward off any energy shortfall stemming from Gulf countries’ standoff with key gas supplier Qatar. Suhail Al Mazrouel told The Associated Press in Paris on …
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Islamic banks’ gross credit increased 8.4 per cent to AED343 billion in the first quarter of 2017, including AED325bn domestic credit that grew 7.4 per cent that will help the UAE’s halal economy to grow faster than non-halal sectors. The UAE’s …
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The UAE’s Dh522 billion ($142 billion) Islamic banking assets will help fuel the growth of the country’s Halal sector, according to research conducted by Orange Fairs and Events, organisers of the Halal Expo Dubai 2017. Seven Islamic banks out of the …
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The third and final listing was by ENBD REIT fund on Nasdaq Dubai offering 94.6 million shares and raising proceeds of $ 105 million. The fund invests in a diversified portfolio of Shari’a-compliant real estate assets in the UAE. The IPO is the first to …
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Saudi Arabia and the United Arab Emirates (UAE`s) recent decision to suspend ties with Qatar over its perceived support for terrorist elements and for not cutting off ties with Iran appears to have taken a fresh twist. London: Saudi Arabia and the United …
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who previously traded for billionaire Steven Cohen and hedge fund York Capital Management, says the algorithms will be ready to help run money for clients of his own investment firm, Q2Q Capital. Yesilhark, who will run the fund from Dubai and London …
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The third and final listing was by ENBD REIT fund on Nasdaq Dubai offering 94.6 million shares and raising proceeds of US$ 105 million. The fund invests in a diversified portfolio of Shari’a-compliant real estate assets in the UAE. The IPO is the first …
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BRENT-DUBAI EFS *Brent’s premium to Dubai swaps was at $0.74 per … of offshore drilling by half or more – just as shale oil producers have done onshore. *Hedge funds and other money managers appear to have abandoned all hope that OPEC will rebalance …
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Two companies and a businessman opened bank accounts at Dubai Bank then relinquished their control to the collapsed lender’s chairman Hassan Zubeidi — a move that cost the bank’s savers Sh400 million. Court documents show that Kamp General, Kemu Salt …
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Countries that levy this tax have struggled with this issue, and approaches taken to reconcile theory and practicality are rather diverse Value added tax is definitely coming to the UAE and an important question is how financial services will be treated.
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Dubai – European stocks started the week on the front foot … The Stoxx Europe 600 Index rallied led by food and beverage shares and Nestlé SA after hedge fund Third Point confirmed it has amassed a $3.5bn stake in the region’s biggest company.
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DUBAI — Dubai-based ride hailing firm Careem will step up … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
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Dubai-based ride hailing firm Careem will step up expansion … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
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Carmaker Daimler and Saudi Arabia’s Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal, have taken part in an $150 million investment in Dubai-based ride-hailing Venture capital firm DCM Ventures and hedge fund Coatue Management also …
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Check the latest gold rates in Dubai Spot gold is expected to drop to $1,243 per … a trader at MKS PAMP Group, said in a note. Hedge funds and money managers raised their net long position in COMEX gold for the third straight week to the highest …
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BRENT-DUBAI EFS *Brent’s premium to Dubai swaps was at $0.89 per … at its Sakai refinery on Tuesday after planned maintenance. MARKET NEWS *Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside …
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