Tag: hedge fund

DUBAI, United Arab Emirates — DXB Entertainments, which runs Dubai Parks & Resorts, has announced revenue of $68.6 million for the first half of 2019, 13% down from the same period last year. Revenue …
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(MENAFN – Khaleej Times) Ajman University (AU) and Noor Bank, as part of their social responsibility towards indigent students, and in a bid to promote Islamic banking and finance industry, have …
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The Dubai Financial Services Authority (DFSA) signed a memorandum of understanding (MoU) with the Central Bank of Egypt (CBE) to enhance the relationship and cooperation between both institutions and …
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The DIFC is Dubai’s banking and financial FZ with 2003 active, registered companies, and contributed some 3.9 per cent to Dubai’s GDP last year. The bottom line is that the FZs are a major contributor …
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(MENAFN – Dubai PR Network) Dubai, UAE, 7 August 2019: The Dubai Financial Services Authority (DFSA) signed a memorandum of understanding (MoU) with the Central Bank of Egypt (CBE) to enhance the …
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LONDON/RIYADH/DUBAI — Saudi Crown Prince Mohammed Bin … With Aramco talking again to banks about an initial public offering (IPO), its board is meeting later this week and will probably …
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Islamic bank mergers and acquisitions in the GCC region are likely to increase as many banks still lack the market position needed to compete with large established peers, particularly in overbanked …
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The four big banks — First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank — account for more than two-thirds of the UAE’s banking sector assets. A large, one-off …
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The UAE’s four biggest banks increased their combined H1 2019 net profit by 19 billion dirhams ($5.3 billion), according to a report published on Wednesday. First Abu Dhabi Bank (FAB), Emirates …
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he returned to the UAE to roll out the venture in Dubai last year. Unfortunately, the traditional financial industry wasn’t designed to be fair, it was designed to make money. Mark Chahwan, chief …
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DUBAI — The Dubai Financial Services Authority (DFSA) said on Tuesday it had fined two entities of private equity firm Abraaj $315 million, the largest financial penalties it had ever imposed. …
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Notably, over 80% of urban consumers in the UAE and KSA plan to use their phones or other devices to fulfill their banking needs, according to McKinsey. For bankers, this trend offers a critical, time …
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and in a bid to promote Islamic banking and finance industry, have launched the first of its kind waqf (endowment) initiative in the UAE with a capital base of Dhs3.2 million. The move followed a …
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Armed with evidence of the bank fraud, she elevated her complaint with the UAE Central Bank on June 9. When contacted, an Emirates NBD spokesperson confirmed that the incident took place and they …
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Lastly, the consolidation which has started in the UAE’s banking sector, is already beginning to reflect on the sector’s profitability. Shailash Dash, a financier and entrepreneur, said that the …
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We are partnered with one of Dubai’s largest, leading banks for a Large Corporate Relationship Manager looking for growth into a Senior or Director-level role. Applicants must have a strong Real …
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Annual audit of TBI’s performance, complied by Ernst and Young, show a 20% increase in net operating income and a 30 % increase in funds held in customer accounts Dubai, United Arab Emirates, 04 …
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