As rates rise, UBS wants to look at hedge funds

Dubai: As inflation picks-up and rates rise, UBS, which manages trillions of dollars of clients money, prefers to look at hedge funds as an alternative as co-relation between asset classes break down. Hedge Funds have historically outperformed other asset ... ( read original story ...)

UAE Leaders’ Portraits Grace the Gates to the Financial Centre

Dubai International Financial Centre’s iconic Gate building has been decorated with giant images of 2 UAE leaders. To mark the 46th National day on 2 December, the 50×20 metre images portray the Father of the Nation, the late Sheikh Zayed bin Sultan Al ... ( read original story ...)

UAE Islamic banking assets surge 6pc to top $145bn

Assets of Islamic banks operating in the UAE amounted to Dh535 billion ($145.6 billion) by the end of October, around 6 per cent growth since the beginning of the year, accounting for 20.2 per cent of total banking assets in the country, valued at around ... ( read original story ...)

Payments in the UAE 2017: What Consumers Want

This was primarily because consumers in the UAE see cash as a quicker and safer payment option over which they have more control. However, card payments are gradually increasing supported by government financial inclusion programs, promotional campaigns by ... ( read original story ...)

Increased lending activity improves profitability of UAE banks

The UAE Banking Pulse report analysed quarterly data of the 10 largest listed UAE banks in the third quarter of 2017 against the second quarter of 2017, and identifies prevailing trends throughout the intervening period. The report uses independently ... ( read original story ...)

Dubai wealth fund posts $2.8bn net profit for H1

Mohammed Ibrahim Al Shaibani, executive director and CEO, Investment Corporation of Dubai said: “In the first half of 2017 the portfolio of ICD continued to deliver strong operating and financial results and steady growth. ICD remains focused on ... ( read original story ...)

UAE’s RAK Ceramics plans capacity expansion in India: CEO

ABU DHABI (Reuters) - RAK Ceramics plans to build a third plant in India to almost double its production capacity there next year, the UAE-based company's chief executive told Reuters. “Our target in India is to have 20 million square metres of capacity ... ( read original story ...)