Tag: hedge fund

Under the terms of the MoU, Presight will work with the Ministry of Economy to attract foreign direct investments to new sectors in the UAE by deploying big data, analytics and artificial intelligence …

As a result of this agreement, Mbank now has the largest cash deposit network in the United Arab Emirates with more than 400 exchange house branches that customers can access for seamless account depo …

Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 10.27 million (US$ 27.25 million) …

The UAE has already witnessed its first IPO of Q2 2023, with Al Ansari Exchange listing on the Dubai Financial Market (DFM) on April 6, 2023, raising $200m in proceeds. Furthermore, ADNOC has …

From procedures to document requirements and most popular places, this guide seeks to answer some of the frequently asked questions when renting in the city. 1. What are the best neighbourhoods to …

Emirates Development Bank is now two years into an ambitious five-year strategy aimed at empowering SMEs in five priority sectors …

Emirates posted a $1.1 billion loss in May 2022, following a $5.5 billion loss in May 2021, as the airline was heavily impacted by the Covid-19 pandemic and soaring fuel prices.

Emirates reported an annual profit of $2.9 billion for the fiscal year 2022-23. This constitutes a record high for the Dubai-based airline. The profit was driven by an 81% increase in revenue …

The case dated back to October last year when an Asian woman filed a complaint in which she stated that she had been robbed under duress by an African.

Emirates Group soars to new heights, reporting $3 bn annual profit and record-breaking revenues Dubai’s Emirates reports ‘most successful year yet’ with $3bn annual profit Aviation, Dnata, Dubai, …

Al Khouri added that the transfer pricing documentation requirements will promote transparency and fairness in the UAE’s tax system …

Dubai-based courier and logistics company Aramex saw its profit fall by 49% to AED 23.909 million ($6.51 million) in the first quarter of 2023 due to factors including currency devaluation as well as …

While running a startup is an exciting journey, when it comes to the financial lessons learnt, being savvy to your market and your customer, and understanding your buckets of spending will help keep …

DUBAI – Middle East companies raised nearly 16% of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region’s momentum from a blockbuster 2022 continued, …

The launch of the Dh1.1 billion programme witnessed strong demand through its eight primary bank dealers, with an oversubscription of 7.6 times …

IPO activity in the Mena region retained strong momentum despite the weaker global sentiment with the first quarter seeing 10 IPOs netting proceeds of $3.4 billion. However, this represents a 33% drop …

Apex bank will continue the Emiratisation of its administration and leadership positions, which now stands at 65 per cent, says governor …