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Tag: hedge fund

Posted on 14/05/2019

Report: UAE’s Finablr extends IPO closing by a day to May 14

In the UAE, where the company is based, both stock markets in Abu Dhabi and Dubai suffered their biggest … of the sources told Reuters. Finablr’s IPO plans were confirmed last month following …
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Posted on 14/05/2019

UAE’s Finablr extends IPO closing by a day to May 14: sources

ABU DHABI/LONDON (Reuters) – United Arab Emirates-based payments and foreign exchange company Finablr has extended the closing of books for its initial public offering (IPO) to May 14 due to volatile …
( read original story …)


Posted on 13/05/2019

Saudi Arabia says its oil tankers among those hit off UAE coast

DUBAI/LONDON (Reuters) – Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the …
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Posted on 13/05/2019

Dubai Banks Are Said to Hire HSBC and Barclays for Merger Talks

Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to people with knowledge of the matter. Noor Bank is working with …
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Posted on 13/05/2019

Dubai banks said to hire advisors for merger talks

Dubai Islamic Bank had assets of AED227 billion at the end of March compared with Noor Bank’s AED51 billion in December, according to data compiled by Bloomberg. Dubai Islamic Bank has hired HSBC …
( read original story …)


Posted on 13/05/2019

US issues new warning to ships after ‘sabotage’ off UAE

DUBAI, United Arab Emirates — The U.S. issued a new warning early Monday to sailors over alleged “acts of sabotage” targeting ships off the coast of the United Arab Emirates amid heightened regional …
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Posted on 13/05/2019

NBE aims to attract more UAE investors to Egyptian market

Jamal Saif Al Jarwan, secretary-general of the UAE International Investors Council, met in Dubai with Hussein Tantawy, CEO of the National Bank of Egypt (NBE) in the Dubai International Financial …
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Posted on 12/05/2019

Dubai’s Nimai Capital’s Dh550.5m fund to invest in Asia, Africa

Dubai – Investment banking advisory firm Nimai Capital has launched $150 million (Dh550.5 million) fund in partnership with Kenya’s Victoria Commercial bank to invest in to financial services sector …
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Posted on 12/05/2019

EIBFS holds workshop on ‘Fintech in Islamic Finance’

held an interactive workshop on the implications of Fintech in Islamic Finance in collaboration with the Dubai Islamic Economy Development Centre (DIEDC). Zubair Ahmed, Senior Vice President, ENBD …
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Posted on 12/05/2019

Finablr Is Said to Struggle to Find Enough Buyers for London IPO

The holding company for businesses, including Travelex Holdings Ltd. and the UAE Exchange Centre LLC, could opt to restructure or delay the IPO, the people said, asking not to be identified as the …
( read original story …)


Posted on 12/05/2019

Dubai powerhouse AIM Summit brings alternative investments, private debt to inaugural European conference in Geneva

we found that nothing was focused predominantly on alternatives (Hedge Funds, Private Equity, Venture Capital, Private Debt), and so Dalma launched the first conference in Dubai, along with the …
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Posted on 12/05/2019

Who to Sue When a Robot Loses Your Fortune

It all started over lunch at a Dubai restaurant on March 19 … During their meal, Costa described a robot hedge fund his company London-based Tyndaris Investments would soon offer to manage money …
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Posted on 12/05/2019

HDFC Bank Limited (HDB) Shares Sold by Millennium Management LLC

A number of other hedge funds and other institutional investors also recently … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in …
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Posted on 12/05/2019

Hong Kong Fund’s Projected $400 Million Overstock Investment Ends With $5 Million Close

but if it needs money those funds can get “pushed down” to it from the parent company, according to Noursalehi. This funding served as a “kind of hedge” against the uncertainty in the GSR …
( read original story …)


Posted on 12/05/2019

UAE- Fortress energy joins metals to record a weekly loss

(MENAFN – Dubai PR Network) By Ole Hansen … The table below shows how hedge funds, measured in number of futures contracts, are positioned across the major futures markets.
( read original story …)


Posted on 12/05/2019

Who do you sue when a robot loses your fortune?

It all started over lunch at a Dubai restaurant on March 19, 2017. It was the first time Li, 45, met Costa, the 49-year-old Italian who’s often known by peers in the industry as “Captain Magic”. …
( read original story …)


Posted on 12/05/2019

Banque Pictet & Cie SA Has $324,000 Stake in HDFC Bank Limited (HDB)

19.14% of the stock is owned by hedge funds and other institutional investors … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in …
( read original story …)


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