Benefits to investors include the ability to hedge … Nasdaq Dubai. SICO, the sole owner of SICO UAE, is a premier regional wholesale bank whose activities include brokerage, market making, asset management, investment banking and custody and fund …
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SICO UAE Becomes Member Of Nasdaq Dubai’s Equity Derivatives Market To Offer Clients New Investment Tools
Benefits to investors include the ability to hedge and take a position on the expected movement of UAE share prices, both up and down, using leverage to magnify the financial outcome of their futures trades.” Launched in 2016, Nasdaq Dubai’s equity …
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Georgia Penna due to welcome third child via surrogate in April
Last week she took to Instagram to share a picture of her baby shower in the Mina al S’Alam resort in Dubai where she lives with hedge fund manager Joe. Thank you so much @nicnaci for the most beautiful surprise #babyshower Feeling so lucky to have …
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Telegram is reportedly holding a 2nd pre-ICO sale but some crypto investors aren’t touching it with a 10-foot pole
But some cryptocurrency hedge funds are sitting the sale out because of its high valuation … “Even though the firm is based in Dubai, the Russian government has been trying to go after their data,” Keegan said. As noted by Bloomberg, the messaging …
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Alternatives now make up almost a quarter of Sovereign Wealth Fund’s assets under management
Dubai, 21 February 2018: Sovereign Wealth Funds (SWFs) now allocate almost a quarter (23% … principal protection, a hedge against inflation, and an increase in portfolio performance. “That being said, finding the right allocation strategy for these …
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UAE insurers report strong results supported by gains in underwriting income
Dubai: UAE insurers posted healthy top-line growth, improved operating profits and stronger shareholders’ equity in their 2017 financial results, according an analysis of the full-year results by Standard & Poor’s. “Based on our analysis, we consider …
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Net interest income growth boosts profitability of UAE lenders
The four largest banks — First Abu Dhabi Bank (FAB), Emirates NBD (ENBD), Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB), representing more than 60 per cent of total assets — reported strong growth in operating incomes. The gains were …
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Dubai aid data bank to help alleviate suffering in starving, war torn nations
The liberation of Mosul in Iraq was one of many events in 2017 to trigger an aid crisis that saw warehouses at Dubai International Humanitarian City almost empty overnight. Rohingya refugees pouring into Bangladesh following persecution for their religious …
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Dubai Islamic Bank Hosts Annual General Meeting
Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly has approved the distribution of 45 fils per share as cash dividend for 2017, closing another year with strong returns to shareholders since …
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Dubai Islamic Bank boosts emirate’s sukuk listings to over $53bn
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on Nasdaq Dubai. The listing is the first benchmark dollar-denominated sukuk from a GCC issuer in 2018 and provides significant support for the …
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Foreign bank ordered to pay €700,000 to local company
Dubai: A foreign bank branch will have to pay €700,000 plus an appropriate amount of compensation to a local company for its malpractice in processing the plaintiff’s letter of credit. The case was recently resolved by the Expertise and Dispute …
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UAE Ministry of Finance Launches a Series of Initiatives to Mark UAE Innovation Month
As part of its efforts to strengthen the country’s position as a global hub for innovation, the Ministry of Finance (MoF) launches a series of initiatives and activities to mark the ‘UAE Innovation Month 2018’. Some of the Ministry’s most notable …
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UAE- Finance House extends branch network
(MENAFN – Khaleej Times) Abu Dhabi – Finance House, which is listed on Abu Dhabi Securities Exchange, announced the opening of its new branch in Mussafah industrial area, Abu Dhabi. The opening ceremony was held under the patronage of Khalil Mohammed …
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Hamdan Bin Rashid receives Azeri finance minister
Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, received on Tuesday evening Samer Sherifov, Minister of Finance of Azerbaijan. Shaikh Hamdan and the visiting minister exchanged a number of financial issues and means …
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Standard Chartered Bank, Ducab mark implementation of integrated payments solution
Head of Transaction Banking at Standard Chartered Bank, UAE. At a commemorative event at Ducab’s headquarters, Julian Wynter, Chief Executive Officer, Standard Chartered Bank, UAE said, “Delivering this solution to Ducab reaffirms the Bank’s …
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UAE Central Bank Hosts first meeting of new Higher Shari’ah Authority
In addition to a group of Central Bank’s senior officials. H.E. Mubarak Rashed Al Mansoori, Central Bank Governor, welcomed the Chairman and the Board Members of the Higher Shari’ah Authority in his opening remarks where he highlighted the objectives …
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Emirates NBD inks Unec’s Dubai project finance deal
Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
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