Tag: hedge fund

The Abu Dhabi Securities Exchange closed up 1.12 per cent at 4,668, while the Dubai Financial Market closed up 0.71 per cent at 2,895. Julphar was up 6.98 per cent, while FAB shares gained 1.64 per ce…
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Tourist spending in the UAE is unlikely to return to the same growth rates seen prior to the recent oil price slump amid changes in traveller spending habits, according to US financial technology firm …
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The UAE remained in good standing at this year’s edition of the … while also urging the further expansion of fundamental research and linking it with finance. “The country is now tapping into the po…
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US Secretary of State Mike Pompeo says the US wants to show Iran its actions have “a real high cost”, while on a visit to the United Arab Emirates. Speaking to Sky News Arabia, Pompeo said on Tuesday …
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This month, Dubai-based Abraaj Group, which once managed almost $14 … friends and business associates to siphon money from the fund. The hedge funds originally estimated the alleged fraud by IREO ex…
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I took out a bank loan for Dh270,000 six months ago to build a new house in India. My monthly instalments are around Dh6,528. I work as a quantity surveyor in Dubai, earning Dh14,030 but I am thinking …
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Over the last decade, the UAE has seen immense growth in multiple sectors, including technology, education, finance, and infrastructure. Having gained the trust and respect of over 35 countries, the U…
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Dubai: The Dubai Financial Market General Index (DFMGI) rose by 59.42 or 2.11 per cent last week to end at 2,880.42. This was the first positive week in four. There were 28 advancing issues and 11 dec…
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The UAE Banks Federation (UBF) has continued its collaboration with the Ministry of Justice (MoJ) and the Central Bank of UAE (CBUAE) to further develop and enhance the profession of banking experts i…
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In January 2017, Haigh had been found to have faked about 100 invoices which resulted in millions of pounds and dirhams being paid into at least four different bank accounts he controlled in Dubai, Lo…
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Dubai’s non-oil external trade with South Korea grew 8.4 per cent in 2017 compared to 2016 to touch Dh27.43 billion ($7.46 billion), a media report said. The value of imports reached Dh22.1 billion, w…
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Dubai: GCC bonds are expected to recover in the second half of 2018, after a decline May following a sell off across the emerging markets in April and May, according to analysts. GCC yields track US t…
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The company invited law firms to Dubai to pitch for a possible role in the IPO earlier this year and later told them they had no plans to make a decision anytime soon, people involved in the process s…
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WAM The Kazakh president expressed his delight at Shaikh Mohammad’s attendance at the AIFC’s inauguration which, he said, was launched after examining the successful experiences of the financial marke…
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The Dubai Financial Services Authority (DFSA) is investigating allegations of mismanagement at embattled Dubai-based private equity firm Abraaj, which is on the verge of financial collapse after a sca…
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Dubai: Aggregate monetary data for the first five months of the year from the UAE Central Bank showed a pick in both credit and deposit growth across the banking system. According to an analysis of th…
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DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of i…
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