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Tag: hedge fund

Posted on 29/05/2019

Saudi Arabia records one IPO in Q1 in 2019: EY

Across MENA, positive opportunities ahead for IPO activity, although investors may tread cautiously Dubai, UAE : In the first quarter of 2019, Saudi Arabia led the MENA IPO market raising a cumulative …
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Posted on 29/05/2019

COLUMN-Hedge funds bang defensive drum on oil: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON- Hedge funds liquidated more of their bullish petroleum positions as concerns about the health of the global economy and …
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Posted on 29/05/2019

Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform

The Dubai Land Department (DLD), the real estate arm of the Executive Council of Dubai, has partnered with UAE-based Mashreq Bank to release a blockchain-based mortgage platform, according to a …
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Posted on 28/05/2019

UAE property market needs new financing rules

While Dubai already has a handful of REITs … Launched in 2017, the SRC partnered with several financial institutions to provide long-term (15-20 years) mortgage solutions to home buyers. …
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Posted on 28/05/2019

New Swiss hedge fund manager Stouff Capital partners with REYL Group

Before launching his own hedge fund, Julien Stouff was responsible for trading strategy … and the rest of the world (Singapore and Dubai). The REYL Group (including minority affiliates) manages …
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Posted on 28/05/2019

UAE Exchange’s Emiratisation initiative lauded by Ministry of Human Resources and Emiratisation

Dubai: UAE Exchange, a renowned financial services brand in the United Arab Emirates, received an appreciation award from the Ministry of Human Resources and Emiratisation for their commitment and …
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Posted on 27/05/2019

Expo 2020 Dubai to attract 11 mln foreign visitors-officials

DUBAI (Reuters) – Dubai could attract 11 million foreign visitors to the Expo 2020 world fair, organisers said in an interview, giving a significant boost to the emirate’s tourism sector. Overseas …
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Posted on 27/05/2019

UAE gold jewellery prices soar ahead of Eid Al Fitr holidays

Dubai: Gold prices in the UAE have gone up ahead … according to Vijay Valecha of Century Financial. “The deadlock in the US-China trade talks alongside rumours that the US could ban more …
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Posted on 27/05/2019

UAE provided $5.3bn in grants to governments, organisations in 2018

Grants provided by the UAE in H1-2018 hit AED6.8 bn, before amounting to AED13 bn in the latter half, according to the statistics which are based on the Ministry of Finance’s figures. Q3-2018 saw AED7 …
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Posted on 27/05/2019

UAE’s SCA warns of false financial company certificates

Some financial companies are using “false certificates” to try dupe potential customers into believing they are licensed, the UAE’s Securities and Commodities Authority (SCA) has warned. In a …
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Posted on 27/05/2019

UAE- Mohammed bin Rashid honours first batch of Artificial Intelligence Programme

The ceremony was attended by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and …
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Posted on 27/05/2019

Finablr to spend $200M of IPO money on expansion

The UAE-based company, whose brands include UAE Exchange … announcing its first results on the London Stock Exchange after June 30 this year. Finablr’s IPO price was 175 pence per share, …
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Posted on 26/05/2019

Leadership Spotlight: Standard Chartered CEO is banking on success

For Standard Chartered Bank, the Middle East region is a huge capsulate of capital. We enjoy a history of around 100 years in this region. We’ve started our operations in Bahrain back in 1920 and in …
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Posted on 26/05/2019

Noor Bank partners with ICICI Bank

Noor Bank, a leading Shari’ah-compliant bank in the UAE, has announced a strategic partnership with ICICI Bank Limited, India that allows customers to make instant money transfers to India from …
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Posted on 26/05/2019

UAE- Tricks of the trade learned in a virtual room

(MENAFN – Khaleej Times) The Emirates Institute for Banking and Financial Studies (EIBFS) has launched a first-of-its-kind simulated trading room in the UAE to provide first-hand knowledge of the …
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Posted on 26/05/2019

UAE’s Noor Bank to offer instant money transfers to India

UAE-based Noor Bank has announced a strategic partnership with India’s ICICI Bank to allow customers to make instant money transfers to India from anywhere in the UAE, it was announced on Sunday. …
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Posted on 26/05/2019

UAE bank holiday declared for Eid Al Fitr

Dubai – UAE bank sector holiday for Eid Al Fitr has been announced on Thursday to start on Ramdan 29 and the first three days of Shawwal, work accordingly will resume on the fourth of Shawwal. …
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