Dubai Bank claims Sh1bn from ex-owner

The lender has moved to court claiming ownership of the money that Hassan Zubeidi is pursuing as compensation for a botched electrification project. Collapsed lender Dubai Bank has filed a suit claiming the $11 million (Sh1.1 billion) its founder and ... ( read original story ...)

9 money tips if you lose your job in the UAE

Bear in mind the UAE’s employment laws regarding sponsorship ... “Monthly or fixed-term savings tools can offer a timely back-up when you are faced with unforeseen financial hurdles such as job loss,” says Barhaji. “It really is a good idea ... ( read original story ...)

Gold Market Charts – A Month in Review

The posts include charts of the Chinese Gold Market, the flow of gold from West to East via the London and Swiss gold markets, and the holdings of gold-backed Exchange Traded Funds (ETFs ... with the UAE (Dubai) a distant third providing 16 tonnes ... ( read original story ...)

Qatar’s IHG receives QFMA approval for IPO listing

DUBAI: Investment Holding Group (IHG), the Qatari construction ... IHG will be the first Qatari family business to get a listing in the Qatar Stock Exchange through an IPO, it said in a statement. “Given the group’s long expertise, we are confident ... ( read original story ...)

Hrithik, Sussanne holidaying together in Dubai

Several other hedge funds and other institutional investors have also added ... but we completely understand that Raees was in the waiting for far too long. Dubai giant ups stake for majority share in Korean port PNC is the largest terminal in Pusan ... ( read original story ...)

China’s Gold Market Opens Up To Boost RMB Internationalization

In addition, the international board uses RMB for settlements, producing an effective convergence of the RMB offshore and onshore markets, expanding the cross-border use of the RMB and providing a new channel for return of funds. All these points steadily ... ( read original story ...)