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Tag: hedge fund

Posted on 12/05/2019

Where UAE gold jewellery prices are headed this week: Rates could easily soar to nearly Dh160 per gram

Dubai: Gold jewellery fans in the UAE could … chief market analyst at Century Financial. “Gold has a lot of importance in these volatile times in the financial markets and could easily soar …
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Posted on 12/05/2019

Saudi sovereign wealth fund supports Arabian Centres’ IPO

Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), has reportedly pumped indirect investments in the $747 million initial public offering (IPO) of Arabian Centers, …
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Posted on 12/05/2019

UAE banks provide $2,6bn credit for service companies

Figures recently released by the Central Bank of UAE indicate the steady rise in the total financial assistance received by this sector which amounted to around Dh148.8 billion in 2018 against Dh138.3 …
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Posted on 11/05/2019

Sharjah bank issues coins to mark mosque opening

The Central Bank of the UAE has issued two commemorative coins on the opening of Sharjah Mosque by H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.
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Posted on 11/05/2019

First Abu Dhabi Bank launches Saudi operations

First Abu Dhabi Bank (FAB), one of the world’s largest financial institutions based in the UAE capital, has officially launched its operations in Saudi Arabia. The new branch, located in Al Cayan …
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Posted on 11/05/2019

Emirates NBD Transforms its Digital Banking with Red Hat-Based Cloud, Winning 2019 Red Hat Innovation Award

Red Hat, Inc. RHT, +0.13% the world’s leading provider of open source solutions, today announced that Emirates NBD, a leading banking group in the United Arab Emirates (UAE), has built a distributed …
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Posted on 11/05/2019

UAE’s fight against food wastage during Ramadan

In 2017, the UAE stepped up its fight against food wastage by setting up the UAE Food Bank and the launch of the #ZeroFoodWaste initiative. The UAE Food Bank aims to cut food wastage and feed the …
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Posted on 11/05/2019

UAE bank ATMs reach 5,279 by end of March

The number of automatic teller machines (ATMs) operated by banks in the UAE, increased to 5,279 by end of the first quarter of the year, as against 5,274 in the same period last year, a media report …
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Posted on 11/05/2019

UAE- Special coins issued for new Sharjah Mosque

(MENAFN – Khaleej Times) The Central Bank of the UAE has issued two commemorative coins on the opening of Sharjah Mosque by H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member …
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Posted on 11/05/2019

Banking lawyer – 6 month contract – leading multinational bank – Dubai Jobs

Some local news is curated – Original might have been posted at a different date/ time! Click the source link for details.
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Posted on 11/05/2019

Emirates Group announces $631m profit for 2018-19 financial year

The business delivered an AED 1.4 billion (US$ 386 million) cash flow from operating activities in 2018-19, which is in line with its enhanced cash balance and puts the business in a solid position to …
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Posted on 11/05/2019

Aster Healthcare launches finance service centre in India

UAE-based Aster DM Healthcare has announced the launch of its finance service centre across all its existing 11 hospitals and upcoming two hospitals across India. These include Aster Medcity Kochi, …
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Posted on 11/05/2019

Dubai’s Drake & Scull hands over files on ‘questionable’ projects

… is being investigated by a forensic audit committee formed by the UAE’s Securities and Commodities Authority. The committee is investigating the reasons for “floundering financial position and …
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Posted on 11/05/2019

UAE- Single mum, electrician win top spots at talent contest

(MENAFN – Khaleej Times) The UAE witnessed the talents of the blue … I have not gone home for the last three years due to financial issues and, now, I cannot wait to use my prize money to …
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Posted on 11/05/2019

Dubai Exports in bid to boost Arab-Africa trade

Dubai Exports, a unit of the Department of Economic Development (DED) in Dubai, and the International Islamic Trade Finance Corporation (ITFC) recently hosted a forum to promote trade and investment …
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Posted on 11/05/2019

Ritz-Carlton, Dubai International Financial Centre, welcomes refreshed Ramadan Majlis

Guests have been invited to celebrate the holy month of Ramadan at the newly designed majlis at the Ritz-Carlton, Dubai International Financial Centre. The iconic Ramadan Majlis returns this year …
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Posted on 11/05/2019

Dubai index’s short-term outlook turns bearish

The Dubai Financial Market general index fell more than 1 per cent and slipped below the 50-day moving average of 2,704. The index closed 1.48 per cent lower at 2,672.61. Bellwether stocks such as …
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