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Tag: hedge fund

Posted on 20/02/2019

UAE gets self-driving cars in the fast lane

Dubai Silicon Oasis also spearheading the efforts in Dubai … Ravi Suri, partner, global head of Infrastructure Finance, KPMG Lower Gulf, said autonomous vehicles offer tremendous social and environm…
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Posted on 20/02/2019

Emaar Properties rides to rescue of Dubai index

Dubai: Emaar Properties rode to the rescue of the Dubai Financial Market (DFM) general index as its shares surged on the back of better-than-expected earnings in the fourth quarter. The company …
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Posted on 20/02/2019

UAE guide to financial services VAT ‘clears up ambiguity’

ANALYSIS: A new guide for financial services firms on the operation of VAT in the United Arab Emirates (UAE) should be welcomed by the industry as it clears up some ambiguity and puts in black and whi…
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Posted on 20/02/2019

Dubai expat embezzles Dh13.4m from boss’s bank account, jailed for life

A sales manager, who siphoned off more than Dh13.4 million from the bank accounts of his Russian boss, was sentenced to life in prison in absentia by a Dubai court on Tuesday. The 42-year-old Kazakh m…
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Posted on 19/02/2019

Saudi crowned Mena IPO king in 2018

Dubai: Saudi Arabia led the Middle East & North Africa region in initial public offering (IPO) activity, both in terms of value and volumes, last year, according to an Ernst and Young report.
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Posted on 19/02/2019

Bank manager in Dubai fakes signature, embezzles Dh10 million

A man who used to work as a manager at a renowned bank in Dubai was sentenced to five years in prison in absentia on Monday. The Saudi national was charged with breach of trust and embezzlement, which …
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Posted on 19/02/2019

New banking regulations create financial setbacks for contractors

Bank’s capital is divided into Tier 1 and Tier 2 capital … the impairment allowance would rise significantly in the absence of a fixed maturity date. The legal committee of the UAE Banks Federation …
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Posted on 19/02/2019

Emirates NBD ranked UAE’s top banking brand with a value of USD 4.04 billion

UAE. Emirates NBD, a leading bank in the region, today announced its position as the UAE’s most valuable banking brand with a USD 4.04 billion brand valuation in The Banker’s annual brand valuation le…
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Posted on 19/02/2019

26 IPOs raise over $2.9bn during 2018 in Mena

The IPO was oversubscribed by 5.4 times, making it the most successful IPO in Bahrain in over a decade. Nasdaq Dubai plans to launch futures trading on the MSCI United Arab Emirates equity index in 20…
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Posted on 19/02/2019

26 IPOs raise $2,946mln in 2018 in MENA region: EY

The GCC region recorded a total of 18 IPOs in 2018 valued at US$2,564.6m Saudi Arabia leads in both IPO volume and value in 2018 with 12 IPOs valued at US$1,472.4m Dubai, UAE: In 2018, the MENA region …
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Posted on 19/02/2019

National Bank of Fujairah cements commitment to the trade finance sector by supporting the GTR MENA 2019

the bank aims to drive forward-thinking solutions to the trade finance sector in the region NBF’s contribution represents its growing commitment to supporting businesses in the UAE and its dedication …
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Posted on 19/02/2019

Nasdaq Dubai and Menacorp announce collaboration to raise capital markets investor awareness across MENA

Investor roadshows and other outreach will primarily focus on equity futures Campaign will increase synergies between UAE and regional financial markets. Dubai: Nasdaq Dubai, the region’s internationa…
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Posted on 19/02/2019

UAE hailed for plans to get ready for driverless future

The UAE was found to lead the world on road quality and the change readiness of its technology infrastructure, and also scored highly for its government’s overall change readiness (second). Ravi Suri, …
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Posted on 19/02/2019

Dubai-listed contractor DSI hires C-level specialists to spur turnaround

Dubai Financial Market-listed construction company Drake & Scull International (DSI) has filled three C-level executive jobs in a bid to boost profitability, successfully complete its turnaround, and …
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Posted on 19/02/2019

Why it pays for UAE companies to be sustainable

As the UAE government pushes to fulfil its commitment to sustainable development goals, it is urging financial institutions and companies to do their part. As well as being socially responsible, green …
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Posted on 19/02/2019

Ex-Hedge Funder Avoids More Prison For KIT Digital Fraud

Law360, New York (February 15, 2019, 10:12 PM EST) — An incarcerated former hedge fund boss was spared additional … for defrauding investors in Maiden Capital and KIT Digital via a Dubai-based inve…
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Posted on 19/02/2019

Emirates NBD ranked No.1 UAE banking brand

Dubai-based Emirates NBD on Sunday said it has been positioned as the UAE’s most valuable banking brand with a $4.04 billion valuation in The Banker’s annual brand valuation league table. The lender a…
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