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Tag: hedge fund

Posted on 09/05/2021

Mythical to meteoric: The rise of tech unicorns

Ammar Al Malik is the managing director of Dubai Internet City The boom in tech firms either floating on stock markets or …
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Posted on 09/05/2021

MENA equity capital market activity plunged in Q1; Alkhorayef sole IPO

Equity and equity-related issuance in the MENA region totaled $267.7 million during the first quarter of 2021, a 67 percent decline in proceeds from 2020 and the lowest start to the year since 2011, …
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Posted on 09/05/2021

HSBC issues first green mortgages in the UAE

Sustainable loans in UAE are also the first green mortgages issued by HSBC globally Dubai: HSBC has issued the first green mortgages in the UAE, heralding a significant moment for the country’s …
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Posted on 08/05/2021

DIFC Courts boosts Dubai’s paperless mission

Courts has acquired the qualified electronic seal solution Ethaq, a paperless initiative that enables digital authenticity of documents with the support of UAE PASS, the secure national digital …
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Posted on 07/05/2021

JP Morgan, FAB poised to win roles on IPO of Adnoc drilling unit

IPO could value Adnoc’s drilling business up to about $10 billion Dubai: Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential …
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Posted on 07/05/2021

Sweden’s Trustly Scraps $950 Million IPO Plans

Swedish FinTech Trustly Group is scrapping plans to raise an estimated $950 million in an initial public offering (IPO) following a review by regulators.
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Posted on 06/05/2021

U.K. Dishes Out First Tax Scandal Fine to Broker Linked to Shah

The U.K.’s financial regulator handed down its first penalty over the Cum-Ex tax scandal, fining a broker 178,000 pounds ($248,000) for failings regarding its relationship with hedge-fund manager …
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Posted on 06/05/2021

Qatar finance minister arrested in corruption investigation

Qatar’s finance minister was being questioned over alleged abuse of power and misuse of public funds in the energy-rich state after the attorney general ordered him arrested, state-run media reported …
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Posted on 06/05/2021

Qatar finance minister arrested over alleged embezzlement -statement

“at-above-post addthis_tool” data-url=” (Reuters) -Qatar Finance Minister Ali Sherif al-Emadi was arrested for questioning over allegations of embezzlement, abuse of power and crimes related to the …
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Posted on 06/05/2021

Qatar orders arrest of finance minister in corruption probe

Qatar’s public prosecutor has ordered the arrest of the finance minister, state-run media reported Thursday, to question him over alleged abuse of power and misuse of public funds in the energy-rich …
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Posted on 06/05/2021

This Dubai bank’s online services will not be available on Tuesday

Dubai’s largest bank Emirates NBD on Thursday said its certain online services would not be available next week due to maintenance. According to a statement sent out to its customers in the UAE, there …
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Posted on 06/05/2021

UAE’s Mashreq to use Oracle’s Transaction Banking platform

The platform is expected to help Mashreq respond more efficiently to the funding needs of local businesses and address capital diversification too.
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Posted on 05/05/2021

Personal finance: Your guide to UAE banks, interests, loans and loan payments

Banks in the UAE offer personal loans based on two types of interest rates — flat rates and reducing rates. The interest and sum payable on a loan is calculated at the start of the repayment schedule …
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Posted on 05/05/2021

Sanjeev Gupta’s finance chief quits

Steel tycoon’s GFG Alliance strikes Australian rescue deal with Californian lender, whose British arm “cuts red tape” …
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Posted on 05/05/2021

UAE: Indian expat complains against bank’s interest for a fully paid up loan

Bank resolved the issue after Gulf News’ intervention …
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Posted on 05/05/2021

IPO Fever Heating up Arab Gulf National Oil Companies

Middle Eastern national oils are heading to increased asset monetization, partly to reap the financial rewards of entering financial markets, locking in demand regions or to mitigate energy transition …
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Posted on 05/05/2021

Central Bank of UAE collaborates with SWIFT to enhance cross-border payments

The Central Bank of the UAE (CBUAE) is collaborating with SWIFT on an initiative to enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to …
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