“Both Dubai and Emirates NBD are well placed to deal with the regional challenges stemming from a lower oil price environment,” said Mr Nelson. Emirates NBD is banking on more digital programmes, with an increased focus on online and mobile banking services.
( read original story …)
A statement by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs on GITEX Technology Week 2016
The e-Dirham is now considered as one of the federal government’s most innovative initiatives in the financial sector. The UAE Gate for Government Finance Statistics Reports is also considered as a leading e-system to build a consolidated financial …
( read original story …)
Saudi set to become top tech investor with $100 billion fund
DUBAI: Saudi Arabia and Japan’s SoftBank Group will create … who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. PIF will engage its own team. Saudi Arabia’s Deputy Crown Prince Mohammed bin …
( read original story …)
Saudi Arabia, SoftBank aim to be world's No. 1 tech investor with $100 billion fund
DUBAI/TOKYO (Reuters) – Saudi Arabia and Japan’s SoftBank … who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. PIF will engage its own team. INVESTMENT POWER Saudi Arabia’s Deputy Crown Prince …
( read original story …)
Goldman Sachs vindicated but bruised in court battle with Libyan fund
In the first two years of its life, the LIA invested heavily in alternatives such as private equity, hedge funds and mezzanine debt … alleged that Kabbaj flew Haitem Zarti from Morocco to Dubai at Goldman Sachs’ expense, paid for accommodation at …
( read original story …)
SoftBank Names Rajeev Misra As Head Of $100 Billion Tech Fund
Dubai/Tokyo: Saudi Arabia and Japan’s SoftBank Group will … who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. Saudi Arabia’s top sovereign wealth fund, the Public Investment Fund (PIF), will …
( read original story …)
Goldman Sachs won a 2.5-year legal battle with a Libyan fund — but it got bruised along the way
In the first two years of its life, the LIA invested heavily in alternatives such as private equity, hedge funds and mezzanine debt … alleged that Kabbaj flew Haitem Zarti from Morocco to Dubai at Goldman Sachs’ expense, paid for accommodation at …
( read original story …)
Limited price upside seen in oil prices as Vienna outcome eyed
Dubai: Amid the positive momentum … of a significant increase in prices from current levels,” said Vaqar Zuberi, Head of Research — Hedge Funds/Portfolio Manager — Multi Manager Funds at Mirabaud Asset Management.
( read original story …)
SME profile: Old soldiers operate from the comfort of Al Maryah Island
He had all along kept in contact with former lieutenant commander Leedham, who by now was making a name for himself in the Dubai financial scene as the chief executive of Dalma Capital, one of the few hedge funds in the UAE, based in the Dubai …
( read original story …)
For How Long Can OPEC Talk Up Oil Prices?
And nothing feeds speculators like OPEC. As Upadhyay wrote, “Though most analysts agreed that a production freeze was not going to alter the fundamentals, prices rose sharply, with the hedge funds adding record long positions,” as evidenced by the …
( read original story …)
Middle East Banking Forum to focus on de-risking
Dubai: The UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE, will be hosting its 4th Middle East Banking Forum in Abu Dhabi on November 14. The overall theme of the annual conference will be …
( read original story …)
Dubai kicks off blockchain banking services
Emirates NBD became the first lender in the UAE to launch a pilot blockchain network for services, including international remittances and open account trade finance. Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, the UAE’s largest bank …
( read original story …)
UAE to set up the world’s first Sharia-compliant trade bank
The UAE is to establish the world’s first Sharia-compliant trade bank to bolster its ambition to be the centre of the Islamic economic world. The Dubai Islamic Economy Development Centre (DIEDC), under the new chairmanship of Sultan bin Saeed Al Mansouri …
( read original story …)
Establishment of Emirates trade bank in Dubai
The Dubai Islamic Economy Development Centre (DIEDC) is supportive of the initiative from the Department of Economic Development (DED) in Dubai to launch Emirates Trade Bank. His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …
( read original story …)
Dubai bank Emirates NBD joins India’s ICICI on blockchain project
The technology will be used for global remittances and trade finance Dubai’s largest bank, Emirates NBD, is working with India’s ICICI on a pilot project to use blockchain technology for global remittances and trade finance, in what they say is a first …
( read original story …)
Dubai Bank directors protest delayed hearing
Dubai Bank Directors accused of money laundering are accusing the prosecution for delaying the hearing of their case. Three former managers of the collapsed bank, Abdul Hafedh Zubeidi, Ali iBashir Sheikh and Professor Wilson Hassan Nandwa argue that the …
( read original story …)
Dubai's Emirates NBD joins India's ICICI Bank on blockchain project
DUBAI (Reuters) – Dubai’s largest bank, Emirates NBD , is working with India’s ICICI on a pilot project to use blockchain technology for global remittances and trade finance, in what they say is a first for banks from the Middle East and India. The project …
( read original story …)