Tag: hedge fund

National Bank of Fujairah (NBF) PJSC is pleased to announce the opening of its new branch at the heart of Dubai’s historic Gold Souk in Al Ras. The expansion comes in line with NBF’s strategy to strengthen its nationwide presence, and ensure that its ... ( read original story ...)

Dubai: Kuwait’s banking sector is well regulated and has remained sound and credit conditions favorable amid challenging economic conditions. In the first half of 2017, credit to the private sector recorded healthy average growth, after taking a hit in ... ( read original story ...)

Reflecting uneven progress among Dubai GREs, the stabilisation is however accompanied by a concurrent shift toward less transparent domestic sovereign borrowing from majority Dubai government-owned Emirates NBD bank. ( read original story ...)

DUBAI, Oct 1 (Reuters) - Dubais Mashreq Bank, the emirates third largest lender by assets, plans to halve the number of its branches over the next three years as it shifts its focus towards digital banking services, its CEO told Reuters on Sunday. ( read original story ...)

Mashreq Neo is targeted towards the connected generation who are digitally savvy, use mobile devices extensively, and will immerse users in a brilliant digital experience. “With the launch of Mashreq Neo, we have entered a new era in the digitisation of ... ( read original story ...)

The UAE’s Excise Tax came into effect today, doubling the price of tobacco and increasing the price of soft drinks by 50 percent. Soft drink prices will increase from AED1.50 to AED2.25 while the price of a pack of 20 cigarettes will double from AED8 to ... ( read original story ...)

The investment manager oversaw $148.5 billion in private equity holdings, credit assets, real estate and hedge funds as of June 30 ... receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)

As if having a traumatic experience trying to find a hospital willing to admit them and having twins born 14 weeks prematurely wasn’t enough, an Indian couple in Dubai face hospital costs totalling Dh850,000 after their newborns spent seven months in NICU. ( read original story ...)

The UAE Ministry of Finance has released the executive regulation of Federal Decree-Law No (7) of 2017 on tax procedures, thus taking the VAT system in the country one step forward. The published regulations cover, among other things, the responsibilities ... ( read original story ...)

The number of tourists visiting Dubai increased 10.9 percent during the first half of 2017. Abu Dhabi and Ras al-Khaimah recorded a 7.2 percent and 6.5 percent growth, respectively, according to the Central Bank of the UAE. The banking authority ... ( read original story ...)