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Tag: hedge fund

Posted on 02/04/2019

UAE’s ADFG to take over Shuaa Capital in reverse merger by mid-April

Last month, Dubai-listed Shuaa disclosed it had started talks on a possible merger with ADFG. With the potential merger, ADFG aims to become a regional financial powerhouse with interests in real …
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Posted on 02/04/2019

Kuwait signs financial aid agreement for Bahrain

Kuwait, along with Saudi Arabia and the United Arab Emirates, pledged $10bn in financial aid to Bahrain last year to rescue the country from a potential debt crisis. The ministers of finance of …
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Posted on 02/04/2019

Revealed: how Dubai’s Mashreq is adapting to a new era in banking

Dubai banking major Mashreq on Tuesday unveiled a reimagined branch format as part of its digital transformation strategy. In response to the evolving customer needs, Mashreq Bank said it will now …
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Posted on 02/04/2019

Mashreq unveils digitally enhanced branch in Dubai

Mashreq Bank, one of the leading financial institutions in the UAE, has unveiled a reimagined branch format which blends digital innovation with the services of a traditional branch to allow customers …
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Posted on 02/04/2019

UAE remittance group calls for safer landscape to fight financial fraud

Osama Al Rahma said on Sunday at the annual Anti-Money Laundering (AML) & Operations Heads conference in Dubai that the group aims to establish committees and regular meetings to enhance commitment …
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Posted on 01/04/2019

Emirates NBD wins top award for retail banking

the bank was adjudged the Asian Trailblazer of the Year – Institutional as well as Best Retail Bank – UAE. Emirates NBD was also highly commended in the Best Credit Scoring Innovation category for its …
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Posted on 01/04/2019

UAE bank assets fall 1% in February

Abu Dhabi – Mubasher: The Central Bank of the United Arab Emirates reported a 1% decline in the Emirati banking sector’s total assets by the end of February. Total assets recorded AED 2.909 trillion …
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Posted on 31/03/2019

UAE remittance group vows to fight financial fraud

The UAE’s Foreign Exchange and Remittance Group (Ferg) on Sunday stressed its commitment to purge the emirates from financial fraud through strict compliance with anti-money laundering regulation. At …
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Posted on 31/03/2019

UAE economy rebounds in 2018, but more slowly than expected

DUBAI (Reuters) – The United Arab Emirates’ economy grew by around 1.7 percent in 2018, slower than projected despite a boost from higher oil prices, official preliminary data showed. The UAE …
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Posted on 31/03/2019

FERG Pledges to Purge UAE from Financial Fraud

The financial industry body stresses swift detection and a modern mechanism to combat crime Dubai The UAE’s Foreign Exchange and Remittance Group (FERG) held the third edition of its annual Anti-money …
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Posted on 31/03/2019

Ministry of Finance and Arab Monetary Fund to organise the Arab Regional Tax Forum

Dubai: The Ministry of Finance (MoF) and the Arab Monetary Fund (AMF), in cooperation with the Federal Tax Authority (FTA) and the International Tax and Investment Centre (ITIC), is organising the …
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Posted on 31/03/2019

Abu Dhabi Global Market Forms Strategic Cooperation with Hainan Provincial Government on Financial Development and Growth of Hainan Free Trade Zone

Abu Dhabi, UAE: The Hainan Provincial Government and Abu Dhabi Global Market (ADGM) are pleased to sign a Memorandum of Understanding (MoU) to further boost the economic and financial collaboration …
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Posted on 31/03/2019

Liv. offers banking-meets-lifestyle experience on smartphone

Liv. is the first digital-only bank and the fastest growing bank in the UAE with a special focus on millennial customers, operated and managed by Emirates NBD Group. Established in line with UAE …
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Posted on 31/03/2019

Palmon fund ‘eyeing Dubai industrial, logistics properties’

a renowned hedge fund manager in the Dubai International Financial Centre, to offer an unprecedented opportunity for smaller investors to own income-generating industrial assets across UAE. Group …
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Posted on 31/03/2019

Founders of Dubai Logistics REIT waver on IPO plan

The family behind a Dubai-based real estate investment trust (REIT) focused on the logistics market have changed the structure of the fund and said that they are reconsidering a plan to float it on …
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Posted on 31/03/2019

Deputy ruler opens King’s College Hospital London in Dubai

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and president of the Dubai Health Authority, has presided over the official opening of King’s College Hospital London …
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Posted on 31/03/2019

Insight Discovery launches Middle East’s first financial advisory aggregator website

UAE. /PRNewswire/ — Insight Discovery, the UAE-based award-winning research, consultancy and communications agency, has announced the launch of its end-to-end financial advisory aggregator website …
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