German Authorities Target British Investor for Tax Evasion

He currently lives in Dubai. Former senior people at the Hamburg-based bank ... In September 2015, Mr. Shah’s now defunct London-based hedge fund, Solo Capital, transferred €222 million to an account at Varengold Bank in Hamburg. The acount belonged ... ( read original story ...)

Middle East Crude-Benchmarks weaken as July trade slows

Cash Dubai widened to 59 cents below swaps ... kingdom's policy of cooperation with major oil producers to rebalance markets and limit volatility. *Hedge fund managers had already closed out many of their bearish short positions in crude oil before ... ( read original story ...)

UAE forms Fatwa Council to advocate moderate Islam

... board members of the Higher Sharia Board for Banking and Finance to strengthen consistency of the Islamic finance industry across the UAE. The Board is responsible for setting rules, standards and general principles for banking and financial ... ( read original story ...)

India and the UAE: Ancient Alliance, New Opportunities

The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a ... ( read original story ...)

UAE Central Bank orders closure of money exchange

Abu Dhabi: The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told Gulf News on Tuesday. The exchange, which has six branches — three in Dubai, two in Abu Dhabi and one in Sharjah ... ( read original story ...)

Dubai index sees temporary bounce in weak market

The Dubai Financial Market General Index closed 0.74 per cent higher at 3,318.12. Union Properties closed 2.39 per cent higher at Dh0.900, while Emaar Properties closed 0.43 per cent higher at Dh7.18. “It appears to be a broad-based rally based largely ... ( read original story ...)

Dubai Financial Market : Ramadan lull weighs on region

Most Arabian Gulf stock markets were little changed yesterday as investor sentiment remains low in the midst of the economic slowdown hitting the region. The Ramadan lull also weighed on trading, which remained thin in most markets. "We need significant ... ( read original story ...)

Noor Bank to apply Dubai font across internal platforms

Noor Bank today announced that it has become the first bank in the UAE to implement the Dubai font across internal platforms. Employees of the bank will apply the iconic font to all documents created in Microsoft Office programmes. The transition from ... ( read original story ...)

Aster DM Healthcare plans 2018 IPO as sentiment improves

Dubai: Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Arabian Gulf. The company aims to sell 10 per cent of shares by October 2018 ... ( read original story ...)