Tag: hedge fund

Millionaires in the UAE are significantly more confident about both their own prospects and the wider economic outlook than most of their counterparts in other major markets, according to a new UBS Confidence Index. The index – a study of over 5,400 …
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It’s reported that a member Dubai’s royal family is interested in buying Milan, amid doubts over Yonghong Li’s finances. The Rossoneri were bought over by the Chinese businessman last April, but a loan from US hedge fund Elliot Management was required …
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Now it deals with some of the world’s biggest banks, corporations and hedge funds. On the FSI secrecy index … And no one’s entirely sure how much offshore money is flowing through here. Dubai, servicing massive regional oil wealth, gets the highest …
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The MENA IPO value, or capital raised, amounted to $2.5bn in Q4 2017, over ten times the capital raised last year and the highest since 2014. The UAE led the MENA IPO market in value, having raised a cumulative of $2.2bn in capital, primarily contributed …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received twelve awards at the prestigious Islamic Finance News (IFN) Awards 2017. The Bank was recognized as the “Best Overall Islamic Bank”, “Best Islamic Bank in the UAE”, “Most …
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In fact, most insurers in the UAE only cover modifications that have been made through the authorised dealer or showroom, and not third party workshops. The car owner may be asked to produce receipts of the modification work done, at the time of applying …
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Noor Bank, a leading Shari’a compliant bank in the UAE, is the first Islamic bank to have successfully obtained associate membership of FCI, a global representative of the factoring and receivables finance industry. This significant membership will …
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Noor Bank, a leading Shari’a compliant bank in the UAE, is once again opening up new employment opportunities in the banking and finance space for UAE nationals as part of its consecutive participation in Careers UAE, which runs from 13 to 15 March at …
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UAE. The Department of Finance (DOF) of the Government of Dubai announced a strategic partnership agreement with Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). DOF signed the agreement with …
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The banker, who is also the chief executive of Dubai-based Mashreq Bank, forecast loan growth of 5 per cent to 6 per cent on aggregate for banks in the UAE this year compared to 4 per cent last year. At the same time, the profitability of banks is likely …
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ICO skeptics have previously stated that in some instances, large investors like hedge funds get preferential terms and discounts, then they cash out. This practice has drawn similarities to initial public offerings in the 90’s where preferred investors …
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Dubai-based Abraaj, which manages about $13.6 billion, is reorganising the business following allegations in recent weeks that money in its healthcare fund had been misused. The Bill & Melinda Gates Foundation, the World Bank’s International Finance Corp …
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Funds are raised through the creation and sale of virtual currencies … William Skelley, co-founder of William Chris, a Dubai-based consulting firm founded by David Drake and Simon Cocking thinks the SEC is doing what it is expected of it.
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Is SEC’s Move Justified? “Absolutely, I have a ton of respect for the SEC and love that they are protecting investors,” says William Skelley, Co-founder of William Chris, a Dubai-based consulting firm founded by David Drake and Simon Cocking.
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The countries’ central bank governors will sit on the board and a secondary office will be set up in the United Arab Emirates, he said, without saying when the company would start operating. The company is being started even though GCC members Bahrain …
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The Department of Finance (DOF) of the Government of Dubai has partnered with professional services firm Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). The strategic partnership agreement …
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First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has signed an escrow agreement with the Real Estate Regulatory Administration in Ras Al Khaimah (RERA-RAK). The agreement allows the …
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