Tag: hedge fund

The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has today issued a discussion paper announcing th…
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Emirates Investment Bank (“EIBank”), an independent private bank based in the UAE (DFM: EIBank), today announced its financial results for thesecond quarter and first half of 2018. Financial Highlight…
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Mashreq Bank, the leading financial institution in the UAE, has entered into a strategic cooperation with the Trade Bank of Iraq (TBI) and General Electric (GE) to accelerate the development of power …
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A customer of a local bank in the UAE was shocked to find that his account balance had been reduced to zero from Dh860,000 while he had travelled outside the country. Police investigations revealed th…
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Swift, one of the world’s leading providers of secure financial messaging services, is set to host its first regional conference in Dubai from September 24 to 25. The event will see more than 250 seni…
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James Lafferty, the chief executive of the company, told The National, “We have plans to go for an IPO in the coming years … FHH operates five mills in the UAE, Egypt and Jordan and has six plants i…
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DUBAI: Al-Habtoor Group, the Dubai-based hotelier and leisure … Europe and the US — was still considering an initial public offering of shares on a stock market. It got close to an IPO three years a…
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SINGAPORE, Aug. 6, 2018 /PRNewswire/ — Kamakura Corporation reported today that UAE-based RAKBANK has signed an agreement to implement Kamakura’s solutions for its balance sheet management and funds …
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Mashreq Bank is expanding its partnership with Chinese mobile payments provider Alipay to 1,000 retailers within the next three months, from 150 now, as it seeks to capitalise on the influx of Chinese …
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Dubai: United Arab Bank (UAB) has concluded syndicated term financing facilities that add up to $185-million (Dh679.45). The two-year bullet term financing facilities comprise a conventional facility …
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DUBAI—Investors are questioning whether Dubai’s young financial center can police itself as the meltdown of its marquee private-equity firm highlights broader concerns about placing money in the regio…
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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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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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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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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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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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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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