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Tag: hedge fund

Posted on 05/08/2018

UAE-based investors must remain vigilant as trade war steps up

Moreover, possible fluctuations in the financial markets could also heavily impact the UAE, with the dirham pegged to the dollar. As such, should the trade war ramp up between the world’s two largest …
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Posted on 05/08/2018

UAE Exchange underpaid workers for seven years

UAE Exchange must also train human resources staff and reimburse any employee underpaid $20,000 or more with up to $500 in costs of obtaining financial advice. “Under the Enforceable Undertaking, UAE …
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Posted on 04/08/2018

Nasdaq Dubai reveals 12 Saudi firms for equity futures launch

Nasdaq Dubai on Tuesday announced the names of 12 Saudi Arabian … active in sectors from real estate and petrochemicals to banking and transport. Their combined market capitalisation is SR859 billio…
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Posted on 04/08/2018

UAE Islamic bank assets surge to $154bn in H1

Assets of Islamic banks operating in the UAE amounted to Dh565 billion ($154 billion) by the end of H1 2018, a 6.7 per cent growth of Dh35.5 billion over the corresponding period in 2017, a media repo…
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Posted on 04/08/2018

UAE bank ATM units surge to 5,261 in H1

In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines (ATM), operated by banks in the UAE hit a total of 5261 by end of June, an increas…
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Posted on 04/08/2018

Diversification, Expo 2020 set to sustain UAE economic growth – study

The net result is expected to encourage the banking sector to increase credit activity in non-oil-related business, growing the local business community’s competitiveness and attractiveness to foreign …
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Posted on 04/08/2018

FAB Appoints Head of Investment Strategy and Investment Management for Personal Banking

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has appointed Alain Marckus as Managing Director and Head of Investment Strategy an…
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Posted on 04/08/2018

UAE, Saudi not in top global crypto cities: Who is and why?

Saudi and the UAE may one day become leading countries in the adoption … Venezuelans are turning to BTC,” said Ethereumworldnews. In 2017, the World Bank announced that there were two billion unbank…
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Posted on 04/08/2018

Al Hilal Bank partners with ADGM to promote Islamic finance

Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic finance in Abu Dhabi and across the U…
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Posted on 02/08/2018

UAE bank stocks offer better value than Saudi and Kuwaiti peers, EFG says

UAE bank shares offer better value than their Kuwaiti and Saudi peers that have received foreign interest after their upgrade to emerging market status, according to Egyptian investment bank EFG Herme…
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Posted on 01/08/2018

UAE’s aggregate banking reserves and assets grow at faster pace in Q2

The aggregate capital and reserves of banks operating in the country grew at a faster pace year-on-year in the second quarter of 2018 to reach Dh330.2 billion, according to the latest Central Bank of …
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Posted on 01/08/2018

UAE bank stocks offer value on better economic prospects, EFG says

UAE bank shares offer better value than their Kuwaiti and Saudi peer that have received foreign sentiment after their upgrade to emerging market status, according to Egyptian investment bank EFG-Herme…
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Posted on 01/08/2018

UAE banks’ ATMs network increased in H1 2018, says CBUAE

The Central Bank of the UAE has announced that the number of automatic teller machines (ATMs), have increased to 5261 in H1 2018 from 5219 the corresponding period in 2017, according to local newswire …
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Posted on 31/07/2018

UAE 3D Printing Market by Technology, Sectors and Regions – Forecast to 2024

The “UAE 3D Printing Market” report has been added to ResearchAndMarkets.com’s offering. According to the report, the UAE 3D printing market is projected to grow at a CAGR of 55.3% during 2018 to 2024 …
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Posted on 31/07/2018

UAE agrees to share financial intelligence with Nigeria’s EFCC

UAE agrees to share financial intelligence with Nigeria’s EFCC – The United Arab Emirates (UAE) says it will share financial intelligence with the Economic and Financial Crimes Commission, as part of …
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Posted on 31/07/2018

Bank withholds gratuity

The company released our end of service payments to Dubai Islamic Bank (DIB), but due to a loan, the bank held my gratuity and is currently blocking it, despite the fact that I have already given them …
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Posted on 31/07/2018

More UAE residents say they’re struggling to make ends meet

Yallacompare’s Consumer Confidence Tracker for Q2 – based on a survey of 1,347 UAE residents – revealed that 41.2 percent are less confident about their financial health than they were this time last …
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