WASHINGTON, April 16, 2018 /PRNewswire/ — UAE Ambassador to the US Yousef Al Otaiba signed memoranda of understanding (MOU) with leaders from six top US hospitals. The agreements will ensure enhanced medical care for designated Emirati patients and will …
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Freedium Announces First Commodities Backed Digital Stable Currency at Dubai Blockchain Forum
Headquartered in Switzerland with an operational base in Dubai, UAE, Freedium is dedicated to fostering financial inclusion and unleashing the potential of emerging and developing economies starting with the launch of the first commodity backed …
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Meraas and Caesars Entertainment Plan to Bring Caesars Palace to Dubai
The hedge fund run by Ricky Sandler held 7.46 million shares of the homebuilding company at the end of 2017Q4, valued at $471.55 million, down from 8.12 million at the end of the previous reported quarter. Corsair Capital Management Lp who had been …
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Dubai-based firm launches diamond-backed crypto assets
Dubai-based Al Kasir Group has launched three new crypto assets backed by certified diamonds, the company announced on Monday. Al Kasir Group is a joint venture under the private office of His Highness Sheikh Ahmed Bin Obaid Al Maktoum, and operates Al …
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UAE rugby season takeaways: Financial issues have been a running theme of 2017/18
Dubai Rugby Sevens – Winners: Dubai Exiles; Runners up: Jebel Ali Dragons West Asia Premiership- Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins UAE Premiership Cup- Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles UAE Premiership …
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China Takes First Step In Paying For Crude Imports In Yuan
Until now, Chinese oil imports were based on FOB benchmarks, with long-term procurement contracts settling off Platts Oman/Dubai or Dated Brent … crude delivery and may in fact at times reduce its hedge efficiency. • A new investment vehicle for …
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‘The Flight Attendant’ is, yes, the perfect airplane read
But one fateful morning in a hotel room in Dubai puts a dead stop to Cassie’s fancy-free lifestyle … the dizzy recollections of a passionate night spent with the hedge fund manager named Alex she met on the flight from New York. Cassie turns to look …
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It’s a girl! Georgia Penna welcomes third child via surrogate
Then the family, who live in Dubai, will fly to Dublin so that the new baby can … However, the proud mother has since sprinkled her Instagram feed with pictures of her twins and hedge fund husband Joe enjoying family life, albeit with the faces of …
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Dubai tycoon Al Habtoor bullish over UAE prospects in 2018
Dubai billionaire Khalaf Ahmad Al Habtoor believes 2018 will be a much better year for businesses in the UAE after a tough year in the previous 12 months. The founding chairman of the Al Habtoor Group acknowledged a challenging 2017 when the business …
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UAE bank guarantees reach $106bn in February
Guarantees provided by the UAE-based banks in February increased to Dh389.4 billion ($106 billion) from Dh388.98 billion in January, with industry reports expecting a further increase in the value of this facility in line with the current mobility recorded …
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Sharjah Islamic Bank launches $500m sukuk
Dubai: United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed. Initial price guidance for the deal was in …
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Kiwi to head digital strategy at Emirates Bank in Dubai
Leigh Flounders, NZTech board member is appointed head of digital strategy of Dubai bank Emirates NBD. “My move to Dubai, leading digital strategy within the financial services industry provides opportunities for New Zealand technology businesses to …
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$1.14bn in non-resident deposits in UAE Islamic banks in 2018
according to UAE Central Bank figures. According to the Central Bank statistics, at the end of December 2017 the total amounted to AED 12.81 billion ($3.49 billion). The amount of deposits in January and February is a two-year high, which official say is a …
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UAE to strengthen relations with Arab countries at financial forum
UAE Central Bank Governor, HE Younis Haji Al Khoori, Undersecretary of MoF, and a number of experts and specialists in the Arab financial sector at the Ministry and the Central Bank. Al Tayer noted the importance of the joint meeting of Arab Financial …
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New York Townhouse Now On Sale For $45 Mln In Cryptocurrency
Zannet founded hedge fund Zanett Asset Management in 1992 and in 2015 founded … cities where you could use crypto to buy real estate last fall, including Miami, Dubai, New York, Lake Tahoe, and Bali. Bitcoin-only property deals have also come up …
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UAE Ministry of Finance Participates in Joint Meeting of Arab Financial Institutions
In a bid to strengthen UAE’s relations with Arab countries and various regional and international institutions, the Ministry of Finance participates in the joint meeting of Arab Financial Institutions currently taking place in Jordan. Participants …
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Saudi Aramco IPO in 2018 or 2019, says minister
referring to the planned initial public offering (IPO) of Aramco, tipped to be the world’s biggest. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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