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 …)
Police launch campaign to tackle speeding drivers
2018 Dubai tourist racks up £36k in speeding fines in rented supercar BBC News – 16:51 PM GMT August 06, 2018 Hedge fund manager is fined £440 for speeding despite arguing it should have been less Mai…
( read original story …)
DFSA Joins Peers in Discussion on a Global Financial Innovation Network
The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has today issued a discussion paper announcing th…
( read original story …)
Emirates Investment Bank Reports Financial Results for the Second Quarter and First Half of 2018
Emirates Investment Bank (“EIBank”), an independent private bank based in the UAE (DFM: EIBank), today announced its financial results for thesecond quarter and first half of 2018. Financial Highlight…
( read original story …)
Mashreq, Trade Bank of Iraq and General Electric Enter Into Strategic Cooperation
Mashreq Bank, the leading financial institution in the UAE, has entered into a strategic cooperation with the Trade Bank of Iraq (TBI) and General Electric (GE) to accelerate the development of power …
( read original story …)
Dh860,000 vanish from man’s account in UAE
A customer of a local bank in the UAE was shocked to find that his account balance had been reduced to zero from Dh860,000 while he had travelled outside the country. Police investigations revealed th…
( read original story …)
Swift gears up for debut regional summit in Dubai
Swift, one of the world’s leading providers of secure financial messaging services, is set to host its first regional conference in Dubai from September 24 to 25. The event will see more than 250 seni…
( read original story …)
Exclusive: Papermaker Fine Hygienic weighs IPO post restructure
James Lafferty, the chief executive of the company, told The National, “We have plans to go for an IPO in the coming years … FHH operates five mills in the UAE, Egypt and Jordan and has six plants i…
( read original story …)
Dubai’s Al-Habtoor eyes hotel and leisure business in Saudi Arabia
DUBAI: Al-Habtoor Group, the Dubai-based hotelier and leisure … Europe and the US — was still considering an initial public offering of shares on a stock market. It got close to an IPO three years a…
( read original story …)
UAE-based RAKBANK Implements Kamakura Solutions for Balance Sheet Management and Funds Transfer Pricing
SINGAPORE, Aug. 6, 2018 /PRNewswire/ — Kamakura Corporation reported today that UAE-based RAKBANK has signed an agreement to implement Kamakura’s solutions for its balance sheet management and funds …
( read original story …)
Mashreq widens Alipay options for rising number of Chinese tourists to the UAE
Mashreq Bank is expanding its partnership with Chinese mobile payments provider Alipay to 1,000 retailers within the next three months, from 150 now, as it seeks to capitalise on the influx of Chinese …
( read original story …)
United Arab Bank secures $185m funding
Dubai: United Arab Bank (UAB) has concluded syndicated term financing facilities that add up to $185-million (Dh679.45). The two-year bullet term financing facilities comprise a conventional facility …
( read original story …)
Once Billed as a Financial Haven in the Middle East, Dubai Turns Investors Wary
DUBAI—Investors are questioning whether Dubai’s young financial center can police itself as the meltdown of its marquee private-equity firm highlights broader concerns about placing money in the regio…
( read original story …)
UAE-based investors must remain vigilant as trade war steps up
Moreover, possible fluctuations in the financial markets could also heavily impact the UAE, with the dirham pegged to the dollar. As such, should the trade war ramp up between the world’s two largest …
( read original story …)
UAE Exchange underpaid workers for seven years
UAE Exchange must also train human resources staff and reimburse any employee underpaid $20,000 or more with up to $500 in costs of obtaining financial advice. “Under the Enforceable Undertaking, UAE …
( read original story …)