Dubai: An Asian airline that serves the UAE market is implementing … followed after the company announced that it had incurred some $74 million (Dh271 million) in financial losses for 2016, the first since the global recession. “We have had to make …
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Och-Ziff: Wall Street’s fallen star
“Och-Ziff, one of the largest hedge funds, positioned itself to profit from … a handful of longtime investors are sticking with the firm. A unit of Dubai’s sovereign investment fund retains a 16% stake, and mutual fund giant T. Rowe Price has bought …
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First quarter UAE banking sector data points to improving liquidity
Dubai: The UAE banking sector liquidity conditions in the first quarter of 2017 has eased further from year end 2016 and banks have substantially better liquidity position at the close of the first quarter of 2017 according to the latest data from the …
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Exclusive: China to lift curbs on foreign fund offshore investments
A growing number of foreign financial institutions, including Aberdeen Asset Management, U.S. hedge fund Bridgewater Associates and Vanguard … which it did not detail — had been dealt with… DUBAI (Reuters) – U.S. President Donald Trump, departing …
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Dubai’s $3bn airports finance deal secured
The Department of Finance for the Government of Dubai, DOF, the Investment Corporation of Dubai and Dubai Aviation City Corporation, have announced the successful signing of Airport Financing Company FZE, FINCO, $3 billion credit facilities. The facilities …
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Indian firms look to Dubai International Financial Centre for growth
Dubai International Financial Centre (DIFC) is attracting a number of Indian financial services related firms, making it the destination of choice for them to access the region. This was reaffirmed during a special event on Wednesday, May 17 where DIFC …
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Second UAE REIT launches with Apex as Administrator
It is only the second ever REIT to be listed in the UAE and was the first IPO in the UAE this year. Tim Rose, Head of Real Estate at Emirates NBD Asset Management, said, “Following the successful IPO of ENBD REIT on Nasdaq Dubai, we are pleased to have …
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Saudi Aramco IPO part of Kingdom’s diversification plan
and Dubai (UAE), which established itself as a trade, banking and media hub. At the center of Saudi Arabia’s economic transformation is the IPO (Initial Public Offering) of Saudi Aramco, the state owned oil company and its crown jewel. The Saudi …
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Emirates NBD Bank : 1.8 billion EGP loan for EGAS to boost gas production
04/09 EMIRATES NBD BANK: Capital caps UAE’s first IPO in 2017 04/06 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 04/05 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 03/26 EMIRATES NBD BANK: De-risking takes toll on GCC …
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Dubai gets $3b airports finance deal
The Dubai government on Sunday said that it had secured $3 billion in long-term financing for expansion of its airports. The deal, for which HSBC acted as financial adviser, included a $1.63 billion, seven-year conventional loan and a $1.48 billion …
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Have you realised what banking is now?
This week, the focus is on access to other markets from the UAE. According to the world bank’s financial inclusion data/global findex report, the total percentage of the UAE population with a formal savings account is 32 per cent. This is despite the …
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Mashreq CEO foresees branchless future for UAE bank
Dubai headquartered Mashreq could become a branchless bank thanks to new automation and self-service technology, said its CEO Abdul Aziz Al Ghurair in a speech this week to mark the bank’s 50th anniversary. An announcement about a new digital only spin-off …
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Dubai government secures $3 billion financing for airports expansion
DUBAI The Dubai government said on Sunday that it had secured $3 billion in long-term financing for expansion of its airports. The deal, for which HSBC acted as financial adviser, included a $1.63 billion, seven-year conventional loan and a $1.48 billion …
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MoF holds the second meeting of the Government Financial Policy Coordination Council of 2017
The Ministry of Finance (MoF) recently held the second meeting of the Government Financial Policy Coordination Council for 2017 in its headquarter in the Dubai. The meeting was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the …
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Dubai’s Mashreq to launch new digital bank, CEO says more UAE bank mergers likely
Dubai bank Mashreq will be launching a new digital bank this year, its CEO Abdul Aziz Al Ghurair confirmed on Wednesday. Speaking to reporters, Al Ghurair said the new lender would provide all the regular banking services but have “no branches”.
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Mashreq celebrates 50th Year as the most progressive bank that enables possibilities through innovation
Mashreq Bank, the UAE’s oldest privately owned bank, is celebrating its 50 year anniversary in the United Arab Emirates today at the Dubai Opera. With 50 years of achievements, the bank is the market leader when it comes to product and service innovation …
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Whole Foods board overhaul fails to satisfy activist Jana: source
While the hedge fund appreciated the board overhaul and the operating experience … head of event-driven research at Gordon Haskett. DUBAI/MILAN/PARIS (Reuters) – The naming of a new boss at Etihad Airways presents the Gulf carrier with an opportunity…
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