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Tag: hedge fund

Posted on 23/08/2019

National Bank of Bahrain still weighing up Bahrain Islamic offer

Union National Bank and Al Hilal Bank in the UAE. Dubai Islamic Bank, the biggest Sharia-compliant lender in the country, is in the process of taking over its smaller rival Noor Bank, while National …
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Posted on 23/08/2019

Thushar Vellapally arrested in UAE

A bank cheque was given to Nazil to settle this. The case relates to this cheque which had not mentioned a date. Though Keralite lawyers in UAE and social activists in the country intervened for …
( read original story …)


Posted on 23/08/2019

Invest Bank resumes trading on ADX

Omran Abdullah Omran Taryam, Vice Chairman of the Bank welcomed the Government of Sharjah as a strategic shareholder, saying, “As a proven and dynamic investor in the UAE banking sector, the …
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Posted on 23/08/2019

Beijing’s Belt and Road plans could boost the Islamic banking sector

“The Belt and Road is about supporting infrastructure development and economic growth,” said Adnan Chilwan, chief executive of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, …
( read original story …)


Posted on 23/08/2019

UAE’s AI Minister to inaugurate Artelligence Forum in Dubai

head of Applied Sciences Business Integration – Lloyds Banking Group (UK); along with expected participation from the Prime Minister’s Office, Telecommunications Regulatory Authority, Ministry of …
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Posted on 23/08/2019

Dubai-listed BLME buys $32.6m Edinburgh office building

Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME), to buy a AED120 million ($32.6m) Grade A office building in Scotland. The Foster …
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Posted on 22/08/2019

Narendra Modi’s economic agenda in upcoming France, UAE, Bahrain’s visit

He will also receive the ‘Order of Zayed’, the highest civilian decoration conferred by the UAE government, during this visit. Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C …
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Posted on 22/08/2019

Dubai’s Averda in talks about IPO on London Stock Exchange

Dubai-based Averda International is conducting preliminary talks with banks about a potential initial public offering (IPO) on the London Stock Exchange (LSE), which could value it at up to $700 …
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Posted on 22/08/2019

Ministry of Finance declare Cabinet amendment on excise tax

The Ministry of Finance has examined the economic and social impact of excise tax, since it was first launched in the UAE in 2017, and has seen a positive impact in reducing the consumption of the …
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Posted on 21/08/2019

Dubai’s Averda International considering potential IPO – sources

Dubai-based Averda International, one of the largest waste management firms in the Middle East and North Africa, is in early discussions with banks about a potential IPO which could value it at up …
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Posted on 20/08/2019

UAE’s Finablr reports 9.1% jump in first-half adjusted income

Finablr and the payment solutions company Network International were the two UAE companies that listed on the London Stock Exchange main market earlier this year. Finablr’s initial public offering in …
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Posted on 20/08/2019

UAE national service recruits given bank fee exemption

Emiratis performing their national service are to be exempt from some bank charges under new regulations. The UAE Central Bank said the initiative would mean minimum balance requirements would no …
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Posted on 20/08/2019

Dubai suspends legal claims against state-owned developer

Dubai has stayed all legal claims against Meydan, a government-owned developer facing a wave of litigation, in a response to growing financial distress in the Middle East’s commercial capital. In June …
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Posted on 20/08/2019

Saudi Aramco asks banks to pitch for roles in IPO -sources

DUBAI — Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO.
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Posted on 20/08/2019

Corporates and SMEs – the banking landscape going forward

The BFSI focus group hosts a presentation by Etihad Credit Insurance in May this year in Dubai Image Credit: Supplied he Banking, Financial Services & Insurance (BFSI) focus group was established …
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Posted on 19/08/2019

Saudi Aramco asks banks to pitch for roles in planned IPO-sources

DUBAI — Saudi Aramco has formally asked major … two sources with direct knowledge of the matter said. Aramco’s planned IPO, which could potentially raise $100 billion, is the centerpiece …
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Posted on 19/08/2019

Emirates NBD Enhances Data-driven Decision Making as First Global Bank to Leverage SAP Financial Services Data Platform

The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests …
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