The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) today signed a Memorandum of Understanding (MoU), agreeing to share knowledge, promote Shari’ah …
( read original story …)
What kind of financial firms are in Dubai (hedge funds, private equity, investment banking)?
5 ways to build wealth outside the stock market. If you want to become less dependent on stock-based investments, consider the following strategies. There are private equity funds such as Abraaj Capit…
( read original story …)
UAE oil giant making ‘good progress’ with expansion plans in Saudi Arabia, executive says
The oil giant’s initial public offering at the end of last year was part of a strategy by the UAE, as well as other Gulf nations, to privatize energy sector assets at a time when oil prices were relat…
( read original story …)
Dubai Bank’s Turkey Bet Just Got $1 Billion Cheaper. And Riskier
On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. Still, the deal could prove to be the riskiest yet for Dubai’s biggest bank. Since Emir…
( read original story …)
UAE Food Bank’s summer giving benefits 1,000 workers
As part of the ‘Summer of Giving’ campaign, the UAE Bank Food team has distributed 1,000 meals, water and cold juices to the workers at the workers accommodations in Al Muhaisinah 2 area. The team, wh…
( read original story …)
How technology will transform banking
KPMG, in its UAE Banking Perspectives 2017 report, observes that many banks — in the UAE and globally — continue to make decisions “by looking back at what may have gone wrong”. However, that is chang…
( read original story …)
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters … Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative ca…
( read original story …)
Digital-only Dubai bank launches first credit score check
Liv., the lifestyle digital bank by Emirates NBD for millennials, has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers access to their credit score. The bank sa…
( read original story …)
Dubai Financial Services Authority joins regulator network
The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has issued a discussion paper announcing the esta…
( read original story …)
Want to save? Try this old-school coin bank
Dubai: Struggling to save? Some Filipinos in the UAE who have … Users gave a twist to the old-school piggy bank method and used a “save and shade” template printed on a tin can. Through this, savers …
( read original story …)
State Funds Back Cathay Midcap II
Hedge funds manage money from a wide number of capital sources including … Nordic Capital, through its fund Nordic Capital Fund VIII, sold Danish logistics company Unifeeder Group to Dubai-based por…
( read original story …)
DP World to Acquire Unifeeder from Nordic Capital
DP World was founded in 2005 by merging Dubai Ports Authority and Dubai Ports International … Existing investors in UTA include Jeffrey Ubben, a co-founder of hedge fund ValueAct Capital. The UTA pa…
( read original story …)
Abraaj founder faces fresh criminal complaint over $300m loan
The cheques relate to a $300m loan issued by Mr Jafar to Dubai-based Abraaj … after resistance from some investors in Abraaj funds. Other offers have been received, including bids from US hedge fund …
( read original story …)
Gold prices rise, 22k priced at Dh138 in Dubai
Meanwhile, 24k gold is priced at Dh147.25 and 22k can be bought at Dh138.25 in Dubai. US gold futures were … world’s largest gold-backed exchange-traded fund, fell 0.26 percent to 794.90 tonnes on F…
( read original story …)
MO’ MONEY: New doc examines how greed replaced the American Dream
a disgraced hedge fund guy and various others who went after money with a passion. Her film moves all over the globe — America, China, Ireland, Dubai, Iceland, Europe — examining wretched excess in ev…
( read original story …)
HDFC Bank Limited (HDB) Shares Bought by Jennison Associates LLC
17.02% of the stock is owned by hedge funds and other institutional investors … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Trea…
( read original story …)
DnB Asset Management AS Cuts Stake in HDFC Bank Limited (HDB)
Other hedge funds and other institutional investors also recently bought … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treas…
( read original story …)