Tag: ipo

enabling the thieves to order money transfers from the bank’s account at the New York Federal Reserve. “If you hack the service bur­eau, it means that you also have access to all of their clients, all of the banks,” said Matt Suiche, founder of the UAE …
( read original story …)

---

DUBAI, April 15 (Xinhua) — The Emirates Red Crescent (ERC) said here on Saturday that it is sponsoring the treatment of 53 Yemenis injured from war at Indian hospitals, UAE state news agency WAM reported. The ERC, the government-controlled aid …
( read original story …)

---

Trade between the UAE and Saudi Arabia currently accounts for AED84 billion, while the total value of Emirati projects in Saudi Arabia is estimated at AED15 billion, according to Sultan bin Saeed Al Mansouri, Minister of Economy. Al Mansouri spoke to the …
( read original story …)

---

As Wired confirms, “the new leak includes evidence that the NSA hacked into EastNets, a Dubai-based firm that oversees payments … albeit most likely for silent espionage and supervision of global fund flows, rather than wholesale larceny.
( read original story …)

---

Meanwhile the UAE Ministry of Finance has put out some information on various aspects of VAT including its definition and who should be getting ready for the implementation at its website. (All information used in this report are from official sources.
( read original story …)

---

After years of financial repression in the interest rates sphere global macro is presenting new opportunities, according to Nick Allsop, senior portfolio manager at Dubai based Dalma … 2017 could be a good year for hedge funds Dalma Capital’s global …
( read original story …)

---

Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States, pushing up Dubai gold prices to Dh143 … a little more bullish about the outlook.” Hedge funds and money managers raised their net long …
( read original story …)

---

The concept follows the American model of Greenwich in Connecticut, which was established as a hub for hedge funds and financial services firms … There is always the Dubai technique, however. Offer your target banker a sum of US$100 million to manage …
( read original story …)

---

DUBAI Saudi Arabia’s stock exchange said it would extend the … banks have refused to offer swaps for fear of jeopardizing their business within the kingdom, said regional hedge fund MENA Capital. The Saudi exchange’s decision to allow the practice …
( read original story …)

---

The Dubai Gold and Commodities Exchange (DGCX … said its holdings fell 0.03 percent to 836.49 tonnes on Friday from 836.77 tonnes on Thursday. * Hedge funds and money managers upped their net long position in COMEX gold for the third straight week …
( read original story …)

---

Hundreds of Kashmiris toiled hard in Middle East’s coastal desert to become part of Dubai’s golden-glass growth story … trading strategies and conversations with financial advisors, hedge fund managers, CFAs and renowned value investors.
( read original story …)

---

The region’s largest derivatives bourse, the Dubai Gold and Commodities Exchange (DGCX), saw … investors flock to regulated and transparent markets like DGCX to hedge against rapid price movements especially in global currency pairs.
( read original story …)

---

The hedge fund is urging BHP to demerge the US petroleum business and … 11:19am WorleyParsons shares have jumped 3.3 per cent to $11.40 after a buyer, said to be Dubai-based Dar Group, snapped up $175 million of WorleyParsons stock.
( read original story …)

---

HE Obaid Humaid Al Tayer, the Minister of State for Financial Affairs, will head the UAE delegation which will include HE Mubarak Rashed Al Mansouri, UAE Central Bank Governor; HE Younis Haji Al Khoori, Undersecretary of MoF; HE Khalid Ali Al Bustani …
( read original story …)

---

LONDON/DUBAI, April 11 (Reuters) – Saudi Arabia and international … aiming to get a valuation of up to $2 trillion in what could be the world’s biggest initial public offering (IPO). Chevron, BP, Aramco and Eni declined to comment on talks.
( read original story …)

---

DUBAI (Reuters) – United Arab Emirates-based Aster DM Healthcare has agreed a $295 million credit facility with India’s Axis Bank, the healthcare company said in a statement. Aster had a $276 million loan outstanding with a consortium of eight banks, and …
( read original story …)

---

Derek, who did not want to reveal his full name, is in a similar position to Mr Nair; he needs credit but cannot borrow because of poor UAE financial history. The Briton, a married father-of-two and resident here for seven years, bounced a Dh155,000 …
( read original story …)

---