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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...)

Manipulation’s Persistence and Comex’ Demise

Dubai has historically been a central hub for gold trading ... So feel free to fire a couple traders and seed their new hedge funds. Then do all your deals with them via a closely held Singapore shell in which you control the voting shares. ( read original story ...)

Digital investment fund plans to raise $300m

Alphabit is registered in Dubai and the Cayman Islands. Fees include 2.5% for management and 45% for performance. The latter will only apply if the fund outperforms the price of Bitcoin, said Robertson, a former currency trader at hedge fund Light Peak ... ( read original story ...)