Tag: ipo

For Dubai-based Emaar Development, the leading regional developer, it is the public itself, says an expert. Emaar Development’s initial public offering (IPO) is set for November 22 on the Dubai Financial Market. Even with 20 per cent of the company being …
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Gulf investors sold a net $92.5 million of Dubai stocks on Tuesday … London-based co-chief investment officer of emerging-markets hedge fund Capricorn Fund Managers Ltd. The central bank “has strong systems in place to track flows and excellent …
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ABU DHABI/DUBAI (Reuters) – The United Arab Emirates central bank has asked banks and finance companies in the UAE to provide information on the accounts of 19 Saudi citizens, banking sources told Reuters on Thursday. Saudi authorities have previously …
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ABU DHABI/DUBAI (Reuters) – The United Arab Emirates central bank and securities regulator have asked banks and finance companies in the UAE to provide information on the accounts of 19 Saudi citizens, banking sources told Reuters on Thursday. The 19 …
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Disgraced hedge fund founder Steven Maiden will testify Tuesday … Their goal was to prop up the fund run by Amanat’s brother, Enable Invest Ltd. It didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital. KIT Digital filed for …
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Dubai’s Electricity and Water Authority (DEWA … and that they were already in talks with a state-owned Chinese bank.” Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds said: “It sends a hugely positive message to institutional …
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The Dubai Green Fund constitutes the investment arm of DEWA and … that they were already in talks with a state-owned Chinese bank. Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds applauded the initiative by saying that it is a …
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Maiden’s decision to invest $1 million in KIT, a troubled video-software company, and another $2 million in Enable Invest Ltd., a fund run by Amanat’s brother in Dubai, would ultimately lead to the collapse of Maiden’s hedge fund, Maiden Capital LLC …
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Dubai gold prices in Dubai are Dh153.75 for 24-karat and … fell 0.03 per cent to 845.75 tonnes on Friday. Hedge funds and money managers reduced their net long position in COMEX gold contracts for the seventh straight …
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As Russia, India, and Estonia are considering their own digital money, Dubai has already taken it one step further … One of the world’s most successful hedge fund managers, Ray Dalio of Bridgewater Associates, certainly seems to think so.
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Federal prosecutors claim Amanat conspired to manipulate KIT Digital’s shares while defrauding investors in a hedge fund, Maiden Capital. The goal, to prop up Enable Invest, didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital.
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Dubai gold prices in Dubai are Dh154 for 24-karat and 22 … two policymakers said on Friday. Hedge funds and money managers cut their net long positions in COMEX gold contracts for the sixth straight week, in the week to Oct 24 …
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Dubai-based investment company National Bonds is moving into the financial advisory space with a new digital app offering low-cost investment options, its chief executive has revealed. The company plans to challenge poor advice, offered by UAE financial …
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The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law No. (8) of 2017 on Value Added Tax at a Cabinet meeting on 7 November 2017, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime …
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Dubai’s biggest bank Emirates NBD has started operations in India with the opening of its first branch in the city of Mumbai. The Mumbai branch, located in Maker Maxity, Bandra Kurla Complex, marks the bank’s fifth international branch outside of its …
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Emirates NBD, Dubai’s biggest bank, on Tuesday said it has started operations in India with the inauguration of its first branch in the country’s commercial centre, Mumbai. The Mumbai branch marks the bank’s fifth international branch outside of its …
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Mr Hassan Zubeidi, former chairman, Dubai Bank. PHOTO | FILE | NMG Former Dubai Bank chairman Hassan Zubeidi has been cited for contempt of court in a long-standing tussle with the Central Bank of Kenya (CBK) over his refusal to grant receiver managers …
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