Tag: hedge fund

Dubai-based Magellan Capital Holdings Ltd. will launch a $700 million multistrategy hedge fund next month, marking one of the largest debuts in the UAE. The fund, which will focus on equity and credit …

“The Students Entrepreneurship Bootcamp reflects our commitment to empowering the next generation of Emirati entrepreneurs through quality training, fostering local talent, and promoting innovation,” …

“The Students Entrepreneurship Bootcamp reflects our commitment to empowering the next generation of Emirati entrepreneurs through quality training, fostering local talent, and promoting innovation,” …

The world’s largest stablecoin provider, Tether (behind $USDT), is launching a new coin pegged to the AED. As the first-ever cryptocurrency licensed under the UAE Central Banks …

Abu Dhabi’s Phoenix Group has partnered with cryptocurrency firm Tether to launch a stablecoin pegged to the UAE dirham to tap into the growing demand for the Gulf currency while offering alternatives …

The revocation results from the findings of an examination conducted by the CBUAE, which revealed that the Muthoot Exchange failed to maintain its paid up capital and equity to the level required by t …

Christiana Maxion, founder of matchmaking app Maxion, was thrilled to be on the verge of closing a new round of funding in April, only to discover it was a scam. It left her $12,000 out of pocket and …

The Central Bank of the UAE (CBUAE) revoked the licence of Muthoot Exchange, an exchange house operating in the UAE and struck its name off the register. The decision came pursuant to Article 137 (1) …

Gold prices in Dubai rose in early trade on Thursday as yellow metal prices stayed above $2,500 per ounce. In the UAE, the 24K variant of the precious metal was trading at Dh303.0 per gram, up Dh0.75 …

Richard Teng ascended to the top of cryptocurrency behemoth Binance last year via less-than-ideal circumstances as his predecessor, Changpeng “CZ” Zhao, was forced to quit the exchange as part of a …

By mirroring the value of the UAE dirham, which is amongst the world’s most stable currencies, this stablecoin aims to bridge the gap between traditional finance and the digital economy.

National International Holding (NIH) topped the risers with 14.58%, whereas Watania International Holding led the fallers with 4.56%. Likewise, the benchmark index of the Abu Dhabi Securities Exchange …

A report from Alvarez & Marsal revealed that the profitability of the ten largest banks listed on UAE markets surged to 21.5 billion dirhams (approxi …

Besides, the court also directed RSM General Trading to deposit INR 57.17 Cr with Delhi HC until withdrawal of proceedings in Dubai court …

Commercial ship reported to be ‘not under command’ after being repeatedly attacked in Red Sea, British military says.

Al Majed claims a 5.2% share of the Saudi fragrances market based on 2022 total sales, putting it fourth behind unlisted Arabian Oud Company on 12.7%, Abdul Samad Al Qurashi Company with 9.4% and …

The UAE’s top banks’ capital position remains robust, supported by high profits, and their asset quality further improved in the quarter ending June 2024.