Dubai International Financial Centre (DIFC), said on Tuesday that three new major international companies; Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic have set up shop in the Financial Centre. Berkshire Hathaway Specialty …
( read original story …)
UAE Central Bank caps retail banking fees in boost to expat-friendly economy
The Central Bank of the UAE said on Tuesday it has set a maximum limit on fees and commissions charged by banks as the country seeks to woo more expatriates and boost non-oil growth. The Central Bank capped fees on retail consumer-related banking services …
( read original story …)
Seven Super Foreign Funds
Many fund managers hedge against currency fluctuations … Larsson and Madsen had feet on the ground (either their own or their analysts’) in Australia, Dubai, Indonesia and Japan. The team focuses on small and midsize foreign firms, investing in what …
( read original story …)
Franklin Templeton Sheds Bahraini Bonds and Warns of Crisis
“The writing’s on the wall,” Kronfol said in an interview in Dubai. “The market and Bahraini authorities … or even talk about the peg being sustainable.” Read More: NYC Hedge Fund Eyes Its Next Distressed-Debt Target: Bahrain Bahraini officials …
( read original story …)
Gold prices inch up as trade row triggers safe-haven buying
Dubai gold prices are Dh155 for 24-karat and 22-karat can … news agency Yonhap said on Sunday. Hedge funds and money managers raised their net long position in COMEX gold by 6,506 contracts to 64,572 contracts in the week to June 12, US data showed …
( read original story …)
This Crypto Bro Left Twitter After His ‘Successful People’ Tweet Was Memed
BuzzFeed – 11:01 AM GMT June 16, 2018 Piers Morgan Gets Rinsed Over ‘Love Island’ Tweet Claiming He’d ‘Stumbled Upon’ His First Episode The Huffington Post – 10:40 AM GMT June 15, 2018 Atul Kochhar tweet: Chef sacked from Dubai hotel restaurant …
( read original story …)
NB Global Floating Rate Income Fund : Portfolio Update – May 2018
The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors … and Exchange Commission (‘SEC’) in the U.S. and regulated by the Dubai Financial Services Authority. This document is addressed to …
( read original story …)
Global engineering insurance declines while new technology creates new risks
The research further showed that while London remained an important centre for construction-related insurance, increasingly engineering risks were underwritten from international hubs in Singapore, Dubai … to engage in hedge fund trading with derivatives.
( read original story …)
Business News at a Glance
It sits in a dry dock in Dubai. In December 2016, a High Court judge ordered … which last month made a hostile takeover offer for the company. The hedge fund is renowned for its use of sharp-elbowed tactics. Late last month, a 2005 court filing that …
( read original story …)
UAE announces new fee caps on banking services
The UAE Central Bank (CBUAE) has announced an amendment to regulate … CBUAE also instructed banks and finance companies to display the new fee caps on their websites. Going forward fees charged by the banks will be reviewed annually to ensure that …
( read original story …)
UAE equity indices slide further amid trade tensions
The Dubai Financial Market (DFM) index fell 1.45 per cent to end below the 3,000 mark for the second day in a row, at 2,939.33, as most stocks ended in the red. The Abu Dhabi Securities Exchange (ADX) general index, which a day earlier fell around 2.7 per …
( read original story …)
Central bank sets cap on banking fees
Dubai: The Central Bank of UAE on Tuesday announced that it has set new limits on fees or commissions charged on retail customer service. The fee caps apply to banking consumer related charges, for example, on home loans and late fees for credit cards.
( read original story …)
Dubai’s financial centre partners with Startupbootcamp to expand fintech offering
Dubai International Financial Centre (DIFC) has announced a partnership with incubator network Startupbootcamp to explore the establishment of programmes in areas including fintech, regtech and insurtech. The potential incubators will expand upon the …
( read original story …)
UAE central bank sets new caps on customer banking fees
The UAE Central Bank has announced new caps on the banking fees that lenders can charge customers in the country. The new maximum limits or ‘fee caps’ have been set on fees or commissions charged on retail customer services such as home loans and late …
( read original story …)
Dubai Islamic Bank : launches revamped website
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched a new and completely revamped website which offers a vastly enriched and superior experience to its fast growing customer base. The redesigned website will allow users to easily …
( read original story …)
Banks should give better incentives to save in the UAE
With the dirham pegged to the dollar, it makes sense that the UAE Central Bank follows the federal policy and remains aligned. What I don’t understand is why every time the rate increases, my bank immediately increases my mortgage rate and instalments …
( read original story …)
UAE central bank raises interest rates by 25 basis points
The Central Bank of UAE has announced that effective Thursday, June 14, it will raise interest rates applied to the issuance of its certificates of deposits in line with the increase in interest rates on the US Dollar, following the US Federal Reserve’s …
( read original story …)