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Tag: hedge fund

Posted on 05/06/2022

UAE readies for GCC’s lowest tax regime as global corporates brace for tariff hikes

The median corporate tax rates in leading economies worldwide fell to a new low of 25.1 per cent in 2021, which is nearly three times of the nine per cent tax rate …
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Posted on 05/06/2022

France Is Talking to UAE About Replacing Russian Oil, Diesel

Tech Giants Are Dropping Bad News DailyOil Sands Crude Prices Nosedive as Russian Bans Upend MarketFor Intangible-Asset Craze, It’s Midnight in the Stock MarketStarbucks Illegally Closing N.Y. Cafe to …
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Posted on 05/06/2022

France in talks with UAE to replace Russian oil supplies -minister

France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Bruno Le Maire said …
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Posted on 05/06/2022

How do I reduce my carbon footprint as a Dubai resident?

In the UAE, the average person uses up as many as 450 plastic bottles a year, with only a small percentage being recycled.
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Posted on 05/06/2022

UAE forging ahead with confident steps: Mohamed Bin Zayed visits Sheikh Mohammed

President His Highness Sheikh Mohamed Bin Zayed Al Nahyan on Saturday visited His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, as part of His …
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Posted on 05/06/2022

UAE President Visits Sheikh Mohammed Bin Rashid

Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation …
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Posted on 04/06/2022

Maait, his UAE counterpart agree on boosting cooperation

Finance Minister Mohamed Maait met on Saturday 04/06/2022 with his UAE counterpart Mohamed bin Hadi al Hussaini on the sidelines of the 2022 Annual Meetings of the Islamic Development Bank Group in Sh …
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Posted on 03/06/2022

Dubai police arrest British suspect in $1.7bn Danish fraud case

Arrest of Sanjay Shah made possible after Denmark signed an extradition treaty with the United Arab Emirates in March.
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Posted on 03/06/2022

Dubai Police arrest hedge fund trader Sanjay Shah over $1.7bn Danish tax fraud case

We will push for an extradition as soon as possible#dkpol Jeppe Kofod (@JeppeKofod) June 3, 2022Brig Jamal Al Jallaf, director of the General Department of Criminal Investigations, said Mr Shah, along …
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Posted on 03/06/2022

Borouge becomes largest ever IPO listed in Abu Dhabi’s history as investor appetite grows

The petrochemical firm’s offering was oversubscribed by 42 percent and showcased the highest subscription levels by UAE retail investors in a local IPO in almost two decades Borouge becomes largest …
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Posted on 03/06/2022

UAE: Adnoc delivers fourth consecutive record-setting IPO on ADX

Shares began trading at Dh2.45, implying a market capitalisation for the company of $20.05 billion at the time of listing …
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Posted on 03/06/2022

EFG Hermes concludes role as joint bookrunner on USD 2bln IPO

The transaction highlights the UAE’s efforts and commitment to engage global investors and further bolster the nation’s capital markets …
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Posted on 03/06/2022

How Decentralized Finance Supports Dubai’s Crypto Economy

Marcello Mari looks at the factors on why decentralized finance (DeFi) is popular in Dubai’s growing crypto ecosystem.
( read original story …)


Posted on 03/06/2022

Islamic bank opens new branch in CBD in expansion drive

Dubai Islamic Bank Kenya (DIB) has opened a branch in Nairobi’s Central Business District (CBD), the lender’s sixth branch in Kenya. DIB, which exclusively offers Sharia-compliant banking, has …
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Posted on 02/06/2022

Abu Dhabi’s ADGM joins single-use plastic ban in the UAE capital to boost a sustainable economy

ADGM will distribute re-usable tote bags to encourage its community to use sustainable alternatives Abu Dhabi’s ADGM joins single-use plastic ban in the UAE capital to boost a sustainable economy Abu …
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Posted on 02/06/2022

UAE consumers get comfortable with digital wallets – more than 50% may already have paid this way

While digital wallets are popular among young, it is also gaining among other age groups Dubai: After the great shift to online shopping of 2020, UAE consumers are now taking to another digital habit …
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Posted on 02/06/2022

Al Etihad Credit Bureau and Tradeling combine their efforts to offer businesses in the UAE better credit facilities

Tradeling will steadily provide borrowing and trade credit data to Al Etihad Credit Bureau as a non-financial institution; Dubai, UAE: Al Etihad Credit Bureau (AECB) signs an agre …
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