DUBAI: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in …
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Qatar central bank says country has $340 billion in reserves, can weather Arab sanctions
DUBAI Qatar has $340 billion in reserves that could help the Gulf country to weather the isolation by its powerful Arab neighbors, central bank governor Sheikh Abdullah Bin Saoud al-Thani said. “This is the credibility of our system, we have enough cash to …
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Growth in Dubai’s private sector gathers steam during June
The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, according to a new report. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose to 56.5, up from May’s seven-month low of 55 …
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Is your employer asking for bank statement? Here’s what to do
You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the …
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Adnoc eyes partnerships, IPO of subsidiaries
Dubai: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in …
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Living his dream
DIFC’s next big challenge: hedge funds Despite GMG’s successes over the past eight years, CEO Marco Saviozzi says there is still one major market waiting to be tapped in Dubai, and it’s one that he is doing his best to promote. “I try and get …
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Dubai Financial Market expects two listings this year – report
Dubai Financial Market (DFM) is reportedly expecting two listings this year as market confidence improves. Hassan Al Serkal, executive vice-president of DFM, told UAE newspaper The National the stock market had met with six or seven companies to discuss …
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Dubai Chamber embarks on French, Italian trade mission
The Dubai Chamber of Commerce and Industry is leading a high-level trade delegation to the Italian Riviera and southern France, in cooperation with the UAE Ministry of Economy. The trade mission will cover Genoa, Monaco and Nice this week, where a 20 …
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Dubai’s Danube Group says ‘not considering’ IPO
UAE-based Indian billionaire Rizwan Sajan says he doesn’t think company would get ‘that much return if I go public into this market.’ UAE-based Indian billionaire Rizwan Sajan says he doesn’t think company would get ‘that much return if I go …
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Saudi Aramco IPO will guarantee growth and jobs: Al-Falih
DUBAI: The forthcoming sale of shares in Saudi Aramco … said the planned initial public offering (IPO) on Saudi and international stock markets was “the most notable feature of the Kingdom’s transformation” as set out in the Vision 2030 plan …
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Reda Bedjaoui – On Top Performing Alternative Investments in the Alcoholic Beverage Market
DUBAI, UAE / ACCESSWIRE / July 6 … six percent of their overall asset allocation into alternative investments, including private equity, hedge funds, managed futures, real estate commodities, and derivatives contracts. For investors seeking out alcoholic …
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Pantera Capital Launches $100m Hedge Fund Focussed on ICOs and Token Sales
Pantera Capital has announced they are launching a new hedge fund called Pantera ICO Fund LP … Shanghai, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Munich, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona, San Meteo etc, where he helped …
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Manager who traded for Steven Cohen trains algos to copy his brain
who previously traded for billionaire Steven Cohen and hedge fund York Capital Management, says the algorithms will be ready to help run money for clients of his own investment firm, Q2Q Capital. Yesilhark, who will run the fund from Dubai and London …
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Fund Manager Trains Algos to Copy His Brain
who previously traded for billionaire Steven Cohen and hedge fund York Capital Management, says the algorithms will be ready to help run money for clients of his own investment firm, Q2Q Capital. Yesilhark, who will run the fund from Dubai and London …
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Gold prices remain steady, 24k in Dubai priced at Dh150
DUBAI: Gold held steady early Monday … fell 0.14 percent to 852.50 tonnes on Friday from 853.68 tonnes on Thursday. Hedge funds and money managers reduced their net long positions in COMEX gold and silver for the third straight week in the week to …
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Amid Dana debacle, Islamic finance seeks safeguards against illegality claims
SYDNEY/KUALA LUMPUR, July 6 The Islamic finance industry is seeking ways to safeguard deals against challenges to their religious permissibility, after a case in the United Arab Emirates raised the risk that issuers of Islamic bonds could refuse to redeem …
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Economic slowdown likely to hurt Qatar’s banking sector asset quality
Dubai: The recent sanctions on Qatar by a group of states led … “Weaker economic activity could lead to deteriorating asset quality in the banking system and together with an escalation involving sanctions against the financial sector could necessitate …
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