Tag: hedge fund

In the U.A.E., a sponsor’s bank accounts are frozen while authorities conduct an inquest into the death, leaving dependents without access to any money. Image Despite a generally conservative view of …
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I received a big surprise when the Dubai Islamic Bank (DIB) customer service staff told me that DIB would not release my end-of-service benefit (EOSB) due to my loan, which is as per their “new policy …
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Businesses can’t run if essential services aren’t available, and that includes banking. Which brings us to the question — why is the UAE banking sector shutting down for a week? No other sector is as …
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Shuaa Capital will look to procure a license to offer IPO Management services, the Dubai-based investment bank has announced. The company will look to offer services in “investment management, promoti…
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Traded value fell to Dh39 million on Sunday compared to more than Dh100 million last week. The Dubai Financial Market general index closed 0.44 per cent higher to 2,815.79. Emaar Properties closed 0.8…
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Dubai: Last week the Dubai Financial Market General Index (DFMGI) fell by 116.79 or 4 per cent to end at 2,803.32. This was the largest one-week drop since November of last year and it occurred as the …
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Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Banking and Insurance sectors propelled shares higher while losses in the Services, T…
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Shuaa Capital, the investment bank in which Abu Dhabi Financial Group is the biggest shareholder, is seeking a license to add investment and initial public offering management in the UAE to its list o…
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The UAE’s top four lenders First Abu Dhabi Bank(FAB), Emirates NBD as well as Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB) posted a 21 per cent increase combined net profit of AED 8 b…
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… whether this will affect me or if I will have a defaulter case or any issues if I try to come to the UAE. I have spoken to the bank and they say they have not issued a travel ban but I am concerne…
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Bahrain-based Gulf International Bank (GIB) has announced further progress in the implementation … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories …
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Dubai’s financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into …
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ABU DHABI, United Arab Emirates — Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister’s Dis…
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Profitability for the banks, which include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank, is likely to continue into 2019, the data showed. The UAE’s four larges…
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First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank posted a combined 21 per cent year-on-year increase in second quarter net profit to Dh8 billion, Moody’s Investors …
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In a major breakthrough in the Rs 5000-crore Sterling Biotech case, authorities in the UAE have detained Nitin Sandesara, the owner of the Gujarat-based pharma group. The company is accused of willful…
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Officials said Sandesara was arrested by Dubai police based on a non-bailable arrest warrant issued by an Indian court. Nitin Sandesara, an absconding director of a Gujarat-based pharma company which …
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