UAE plot to wage financial war on Qatar revealed

A United Arab Emirates plan to attack Qatar's financial system has been revealed in a folder of an email account belonging to the UAE ambassador to the US, Yousef al-Otaiba. The Intercept, a US-based investigative website, obtained the folder and exposed ... ( read original story ...)

Emaar’s IPO signals market optimism, says expert

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 ... ( read original story ...)

Saudi billionaires said to move funds to escape asset freeze

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 ... ( read original story ...)

UAE asks banks for information on 19 Saudis’ accounts

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 ... ( read original story ...)

Jailed Hedge Fund Head Is Star Witness in Amanat Fraud Trial

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 ... ( read original story ...)

DEWA secures $650m for green projects

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 ... ( read original story ...)

DOJ Official Aided Ponzi Schemer in FBI’s Probe, Lawyer Says

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 ... ( read original story ...)

Dubai gold price inches down, Dh144.50 for 22k

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 ... ( read original story ...)