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Tag: finance

Posted on 04/03/2017

UAE Islamic banking assets reach Dh520bn

Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi added that …
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Posted on 03/03/2017

Bank Monaco seal fourth straight Sailing Arabia title

Dubai: EFG Bank Monaco skipper Thierry Douillard led his team to their fourth consecutive EFG Sailing Arabia — The Tour title as the Muscat to Dubai race drew to a close on Wednesday. Douillard’s men sealed their victory in style by winning the final …
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Posted on 02/03/2017

UAE Islamic banking assets reach Dh520b

Abu Dhabi: Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi …
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Posted on 02/03/2017

Gulf Craft plans IPO by end of 2017

is looking to float on the Dubai Financial Market before the end of the year. The likelihood of an initial public offering is being evaluated currently, the chief executive Erwin Bamps said at the Dubai Boat Show today. The boat builder’s stable of …
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Posted on 28/02/2017

Hedge funds find plenty of willing sellers in oil: Kemp

Hedge funds and other money managers have purchased a record number … (Editing by David Evans) CID’s Inspector Purvi is holidaying in Dubai, see pics NRI woman trapped men to get money to marry one she loved Zumba: Radhika Pandit reveals the secret …
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Posted on 27/02/2017

Dubai International Financial Centre signs MoU with Gujarat International Finance Tec-City

Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region has signed a Memorandum of Understanding with Gujarat International Finance Tec-City (GIFT) in an effort to …
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Posted on 27/02/2017

DIFC, Gujarat International Finance Tec-City sign MoU

In an effort to encourage further cooperation and collaboration between the financial centres, Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Gujarat International Finance Tec-City (GIFT). The MoU calls for …
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Posted on 26/02/2017

India’s Federal Bank plans to open DIFC branch

Dubai: Federal Bank, a private sector commercial bank based in south India is planning to expand its GCC (Gulf Cooperation Council) presence through a branch in the Dubai International Financial Centre (DIFC) and representative offices in Bahrain …
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Posted on 26/02/2017

Evercore plans Dubai office amid Saudi Aramco IPO talks

Evercore Partners Inc., the investment bank founded by Roger Altman, is planning to open an office in Dubai as it seeks new business in the region, including a role on Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the …
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Posted on 26/02/2017

Numerai Launches Cryptocurrency and New Hedge Fund Built By Data Scientist Network

A hedge fund would prefer permanent information asymmetry where it … As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain …
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Posted on 26/02/2017

How UAE bank workers stay current with trends

The emirates institute for Banking and Financial Studies (EIBFS) continues to play an important role in supporting the placement of UAE nationals in various financial institutions by offering them training and education, said a senior executive.
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Posted on 25/02/2017

Aramco IPO could push other GCC states, such as UAE, to list oil assets

Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a …
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Posted on 25/02/2017

Evercore Plans Dubai Office, Hiring Amid Aramco IPO Talks

Evercore Partners Inc., the investment bank founded by Roger Altman, is planning to open an office in Dubai as it seeks new business in the region, including a role on Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the …
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Posted on 24/02/2017

UAE MoF adopts electric-powered vehicles

The MoU comes as part of MoF’s commitment to support sustainable energy resources in line with UAE vision 2021, by using sustainable transport services offered by Emirates Transport–which contribute to clean energy and provide a healthy and safe …
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Posted on 24/02/2017

ADGM head says fintech investment is essential for UAE financial market development

Fintech is an essential ingredient to drive the UAE’s financial sector forward, according to HE Ahmed Al Sayegh, Chairman of ADGM speaking during his keynote address at the Middle East Investment Conference. In March 2016, ADGM was the first jurisdiction …
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Posted on 23/02/2017

Aramco IPO could push other Gulf states to list oil assets: economist

KHOBAR, Saudi Arabia Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to … Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview broadcast on Wednesday that Aramco has to address how …
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Posted on 22/02/2017

BUZZ-Fannie and Freddie Mac plunge; court shuts down hedge fund effort

Shares of Fannie Mae and Freddie Mac slump 32 pct and 34 pct respectively, on Tuesday, after a U.S. appeals court upheld dismissal of hedge funds’ claims against the … CID’s Inspector Purvi is holidaying in Dubai, see pics Sports Calendar 2016 – Times …
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