Tag: hedge fund

Emirates NBD Group CEO Shayne Nelson said the bank would support Turkey’s Denizbank if it needed a capital increase, as the Dubai-based lender completed the purchase of Denizbank on Wednesday. …
( read original story …)

---

Dubai: The UAE’s Ministry of Finance announced it signed an agreement with Etisalat to provide e-Dirham services on the telecom provider’s official portal. The deal is part of the Ministry’s …
( read original story …)

---

Abu Dhabi: The UAE Central Bank has announced it will lower interest rates applied to the issuance of its certificates of deposits in line with the decrease in interest rates on the US dollar …
( read original story …)

---

(MENAFN – Khaleej Times) Dubai stock markets rallied on Tuesday as higher second-quarter corporate profits posted by banks, financial service firms and property majors triggered a general upswing. …
( read original story …)

---

A consortium, comprising Renaissance Capital and Pharos Holding, has been selected to manage the company’s initial public offering (IPO), while Zaki Hashem & Partners will serve as the legal advisor, …
( read original story …)

---

The UAE Ministry of Finance on 30 April issued new tax rules setting out country-by-country reporting compliance obligations for multinational corporation groups effective for financial years …
( read original story …)

---

The Dubai Financial Services Authority (DFSA) said it fined Abraaj Investment Management Ltd (AIML) $299.3 million (Dh1.1 billion) and Abraaj Capital Ltd (ACLD) $15.275 million (Dh56 million …
( read original story …)

---

Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of-its-kind …
( read original story …)

---

Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a …
( read original story …)

---

Mufazzal Kajiji, head of Retail Banking at Noor Bank, and Mohammed Qasim Al Ali, CEO of National Bonds, signed the agreement at National Bonds headquarters in Dubai. Customers can access a host of …
( read original story …)

---

DUBAI/RIYADH, July 30 (Reuters … As further encouragement, the regulator has relaxed the traditional IPO requirement to list at least 30% of a company. Saudi mall operator Arabian Centres , owned by …
( read original story …)

---

DUBAI/RIYADH (Reuters) – Saudi Arabia’s Sulaiman Al Habib … could sell as much as a 30% stake in the IPO, although one source said it could sell less if Saudi regulators permit. Officials from the …
( read original story …)

---

Respondents of Credit Sentiment Survey of the UAE Central Bank expected a tightening in credit standards but to a lesser extent for the September quarter. Picture is used for illustrative purposes …
( read original story …)

---

The Sharjah Police General Directorate have warned residents of the UAE against fraudulent bank messages circulated by fraudsters posing as bank employees, claiming to update personal bank information …
( read original story …)

---

the collapsed buyout firm that’s already facing legal action in the U.S. The Dubai Financial Services Authority, which regulates the city’s financial freezone, imposed two fines on Abraaj Capital Ltd. …
( read original story …)

---

The legal dispute could also be awkward for Jordan’s King Abdullah, whose government relies on financial support from the UAE and its ally, Saudi Arabia, as it grapples with a lacklustre economy and …
( read original story …)

---

(MENAFN – Khaleej Times) Shrugging off slowdown in the financial sector and macro-economy, Dubai International Financial Centre (DIFC) marched ahead in 2019, attracting more companies in the first …
( read original story …)

---