Tag: hedge fund

The UAE Central bank reported a substantial increase of approximately 12 percent in its gold holdings over a span of four months, reaching over 20 billion dirhams (approximately USD5.45 billion) by …

Dubai, UAE – In a heartwarming conclusion to its ‘XTRA Salary Transfer Campaign’, Dubai Islamic Bank (DIB) has helped uplift the lives of four of its customers by awarding them each a year’s salary, …

The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) hit around AED6.12 trillion in the first four months of 2024, according to the latest …

Gross credit increased by 1.1% in the first four months of 2024 to Dh433.7 billion Central Bank of the UAE in Abu Dhabi Image Credit: WAM Abu Dhabi: Gross credit provided by Islamic banks in the UAE …

Gross credit increased by 1.1% in the first four months of 2024 to Dh433.7 billion Central Bank of the UAE in Abu Dhabi Image Credit: WAM Abu Dhabi: Gross credit provided by Islamic banks in the UAE …

In the UAE, the 24K variant of the yellow metal jumped by Dh1.25 per … Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said investors suggest that inflation is on the right path to justify a …

An innovative new Dubai shared real estate ownership platform is giving investors the chance to own 1/8 of a luxury property in the city from as little as $54,000. Shard is set to transform the UAE’s …

Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 per cent or AED 45.8 billion to AED 961.9 billion from AED 915.9 billion at the end of …

UAE – The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 10.62 points (0.25%) on Monday, closing the session at 4,114.55 points. A total of 185.20 million shares were exchanged at a …

Gulf IPOs raised $3.6bn in the first half of 2024, according to Kuwait Financial Centre “Markaz”. In a research report titled “Initial Public Offerings (IPO) in the GCC markets”, it noted the region …

Company accounts can be opened digitally, anytime and anywhere, solidifying NBF’s reputation as an innovative, key partner for the corporate, business banking and SME sectors …

Abu Dhabi – First Abu Dhabi Bank (FAB), the UAE’s largest bank and a regional banking powerhouse, is the most sustainable company in the Middle East and Africa and among the World’s 500 Most …

This surge accounted for 59% of the total GCC IPO proceeds. Conversely, the UAE witnessed a substantial drop of 67% in IPO proceeds, generating $1.3bn through only 3 offerings, which constituted 37% …

The total investments by banks operating in the country continued to rise steadily, reaching AED 666.2 billion ($181.3 billion) at the end of April 2024, registering growth of 0.3% on a monthly basis, …

This represented an increase of 141% in the value of Saudi IPOs compared to H1-2023. In the UAE, IPO proceeds totaled USD 1.3 billion during the period with 3 offerings constituting 37% of total GCC …

Developing the right structure and mechanisms for green finance can help the GCC countries unlock up to $2 trillion in GDP contribution and generate more than one million jobs by 2030, according to …

The Central Bank of the UAE (CBUAE) has said it boosted its foreign assets by more Dh176 billion within a year — from April 2023 to the end of April 2024. Foreign assets surged by 2.55 per cent during …