Tag: hedge fund

Dubai: Fintech is a rapidly emerging industry that covers the overlapping space of technology with financial services. With the growing application of technology, financial services industry can no longer ignore this latest development. With the increasing ... ( read original story ...)

The UAE’s banking sector is about to take a giant digital leap with the launch of the Emirates Digital Wallet, which is scheduled to take place within the next few months. The first-of-its-kind wallet, developed and implemented under the aegis of the UAE ... ( read original story ...)

ADNOC has emphasised that, un­like Saudi Aramco’s IPO slated for late next year that will sell ... manages 460 pet­rol stations and convenience stores across the United Arab Emirates. ADNOC said it expects the valua­tion of its retail subsidiary ... ( read original story ...)

This was a clear sign that London is ready to welcome Aramco and needs its IPO to attract more sovereign-held entities ... (Reporting by Saeed Azhar, Hadeel Al Sayegh in Dubai and Pamela Barbaglia in London; additional reporting by Reem Shamseddine in ... ( read original story ...)

Being around for more than 60 years, artificial intelligence (AI) is now a part of our daily lives - be it chatbots, robo advisors, cognitive computing and much more that act as an aid to many financial institutions. For many businesses transforming ... ( read original story ...)

PropTech to disrupt real estate market The UAE findings reinforce forecasts that in the wake of the revolutionary change that financial technology (FinTech) is having on the banking sector, PropTech will similarly disrupt the property sector. Property ... ( read original story ...)

Dubai: A salesman has been jailed for six months for defrauding a bank of Dh180,000 in personal loan and credit card using forged papers within two months. The 39-year-old Pakistani salesman approached the local bank’s Sudanese sales representative and ... ( read original story ...)

Dover then moved to Dubai with his wife, and there, received interest from GCC-based families as well. So in late 2015, he spun out of the family office to focus on managed accounts for these families, and launched the Heirloom Investment Fund in June 2016. ( read original story ...)

citing tougher disclosure rules in the U.S. The final decision for the estimated $100 billion IPO is not expected until later this year. UAE: We will increase compliance. The UAE said that it would cut production deeper in the near future in order to boost ... ( read original story ...)

Doha denies the claims. In a circular, the UAE watchdog asked banks and financial institutions to “start immediate search for and freezing of all bank accounts, investments, and deposits that may be held by any individual or entity” included on the ... ( read original story ...)