Tag: hedge fund

The FT said that for the creditors of the Dubai-based Abraaj, the proposed sale is still likely to prove the biggest source of recovery funds. Abraaj was one of the most high-profile private equity co…
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UAE financial comparison website yallacompare raised $8 million in its latest funding round, the company said on Monday. The lead investors are STC Ventures, managed by Iris Capital, and Dubai venture …
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Pakistani and United Arab Emirates leadership have met thrice now in three months. Prime Minister Imran Khan visited the UAE twice after assuming office in August to seek economic assistance. Both cou…
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DUBAI, 6th January, 2019 (WAM) — Dubai International Financial Centre, DIFC, has signed a Memorandum of Understanding with Innovate Finance, an independent membership association that is at the …
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Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with Innovate Finance to cement cooperation and collaboration between the UK and Dubai FinTech ecosystems. Ar…
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According to Bayt.com, 57% of females seek out jobs that allow them to stand on their own feet According to the poll, 48 per cent of women want to support or financially contribute to the household. P…
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The Dubai index staged continued recovery as strong US markets fanned risk appetite in small stocks like Gulf Finance House and Salama Insurance. The Dubai Financial Market general index closed 0 …
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Deposits at UAE-based banks outvalued loans by Dhs85bn ($23bn) during the first 11 months of 2018, according to figures from the country’s Central Bank. The Eligible Liquid Assets Ratio rose to …
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Deposits outvalued loans at UAE-based banks by Dh85 billion ($23 billion) during the first 11 months of 2018, a media report said, citing the Central Bank of United Arab Emirates. The Eligible Liquid …
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Dubai’s biggest bank Emirates NBD has announced the launch of a new VAT-based loan programme for small and medium-sized enterprises (SMEs) in the country. SMEs can now apply for financing by …
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ISLAMABAD: The UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will visit Pakistan on Sunday after the two sides finalised the terms and conditions for a USD 6.2 billion assistance package to Isl…
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Latest in a series of global collaborations to keep UK and Dubai at the forefront of FinTech Dubai: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle E…
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This year has seen a raft of banking and business regulations sweep across the UAE. There have been new tax laws, changes in Central Bank guidelines, and a general shift in bank compliance criteria. T…
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Noor Bank PJSC, which provided a $100 million loan to the collapsed Abraaj Group, won the right to swap the debt for stakes in some of the Dubai-based buyout firm’s funds, according to people with kno…
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(MENAFN) The UAE’s banking deposits from January to November last year recorded an 8.4 percent jump, reaching USD42.9 billion compared to the previous year. The boost in the three-six month …
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The UAE government’s financial assistance comes as Pakistan is negotiating a USD 8 billion bailout package from the International Monetary Fund (IMF) to overcome a severe balance-of-payments crisis. I…
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The package involves $3.2 billion worth of oil supplies on deferred payment, besides a $3 billion cash deposit, the Dawn reported. The UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will visit P…
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