Tag: hedge fund

DUBAI — Air travel across the Gulf region and beyond faces … Last year, its parent company published financial results for the first time. These showed a net profit of 1.6 billion riyals (US$439 million) for the year to March 31, 2016, up from the …
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“Companies operating in the UAE and those looking to enter should prepare for the change now – and this is where working with in-country experts who understand the local requirements for financial compliance can be very beneficial.” Key factors that …
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Around 23 per cent of UAE respondents make financial investments on a regular basis, and 32 per cent already own their home. Among those who do not own a home, 43 per cent are interested in owning a home in their country of residence, and 64 per cent would …
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The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (FinTech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL). This initiative signals the …
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In contrast, some Egyptian lenders halted business with their Qatari counterparts on Monday. The UAE central bank did not immediately respond to a Reuters request for comment, while a spokesman for the Saudi central bank said it had no statement on the matter.
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UAE Central Bank yet to issue guidelines to banks on Qatar The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter said on Monday. The UAE, Saudi Arabia …
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DUBAI The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter told Reuters on Monday. The UAE, Saudi Arabia, Egypt and Bahrain cut diplomatic and transport ties …
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DUBAI, June 5 (Reuters) – Here are some factors that may affect … rise to $31.126 bln at end-May SAUDI ARABIA * Saudi Aramco warned by lawyers on New York IPO litigation risks -FT * Saudi Aramco raises July Arab Light OSP to Asia UNITED ARAB EMIRATES …
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DUBAI, June 4 Kuwait has picked accounting firm EY to do a valuation of its stock exchange, sources familiar with the batter told Reuters on Sunday. The country has been considering an initial public offering of its stock market for years, but political …
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The Dubai Financial Services Authority (DFSA) is looking to streamline the process of financial innovation by creating a special license for Fintech firms called the “Innovation Testing License” or ITL. The DFSE said the ITL signals the “next phase …
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Dubai: Whether you’re close to retiring or starting a family, it is never too late or too early to think about where to invest your hard-earned money. But how should you go about it? Financial experts in the UAE say the fact-finding process is the key to …
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(MENAFN – Khaleej Times) FinTech Hive to provide complete ecosystem to financial technology firms to collaborate with partners, investors The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial …
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“Corporate banking took off when financial institutions began financing projects for government-related entities.” From its earliest days of its founding in 1967, Mashreq has arranged financing for some of the UAE’s and the region’s iconic projects …
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The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial technology (FinTech) hub in the Middle East, Africa and South Asia (Measa) as it believes in the development of financial technology that has …
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Marka, which operates 47 hospitality, fashion and beauty and sports outlets across the region, raised $75m in an IPO on the Dubai Financial Market in 2014. However, the company is yet to turn profitable, and posted a net loss of Dhs150m in 2016 …
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The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial technology (FinTech) hub in the Middle East, Africa and South Asia (Measa) as it believes in the development of financial technology that has …
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DUBAI, June 1 (Reuters) – Saudi Arabian water and power utility … Depending on the success of the deals, Marafiq might then proceed with a public share sale, they said. The IPO, which could be in 2019, could raise around 1 billion riyals ($267 million …
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