The education provider has is also reportedly planning to delay an IPO after Dubai moved to cap school fees GEMS is also planning to delay an initial public offering because of Dubai’s school fees decision. Blackstone Group-backed GEMS Education plans to …
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UAE: 9 tips to choose the best credit card for you
Some of the information here has been collated in collaboration with #ibankislamic which aims at creating awareness about Islamic banking in the UAE.
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Regional IPO expected to pickup in second half
Dubai: Initial Public Offerings in the Middle East are expected … Overall (domestic and cross-border) IPO activity in the Middle East witnessed a slow start, with capital raising amounting to only $263 million (Dh965 million) from six offerings in …
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Dubai International Financial Centre Announces New Fintech Partnership With Startupbootcamp
Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the …
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What the new bank fee caps mean for UAE customers
The decision by the Central Bank of the UAE to cap fees and commissions has been lauded by personal finance experts for bringing transparency to the banking industry and ensuring customers are better protected. Under the new guidelines, fees on retail …
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Global financial firms join DIFC community
Dubai International Financial Centre (DIFC), said on Tuesday that three new major international companies; Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic have set up shop in the Financial Centre. Berkshire Hathaway Specialty …
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UAE Central Bank caps retail banking fees in boost to expat-friendly economy
The Central Bank of the UAE said on Tuesday it has set a maximum limit on fees and commissions charged by banks as the country seeks to woo more expatriates and boost non-oil growth. The Central Bank capped fees on retail consumer-related banking services …
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Seven Super Foreign Funds
Many fund managers hedge against currency fluctuations … Larsson and Madsen had feet on the ground (either their own or their analysts’) in Australia, Dubai, Indonesia and Japan. The team focuses on small and midsize foreign firms, investing in what …
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Franklin Templeton Sheds Bahraini Bonds and Warns of Crisis
“The writing’s on the wall,” Kronfol said in an interview in Dubai. “The market and Bahraini authorities … or even talk about the peg being sustainable.” Read More: NYC Hedge Fund Eyes Its Next Distressed-Debt Target: Bahrain Bahraini officials …
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Gold prices inch up as trade row triggers safe-haven buying
Dubai gold prices are Dh155 for 24-karat and 22-karat can … news agency Yonhap said on Sunday. Hedge funds and money managers raised their net long position in COMEX gold by 6,506 contracts to 64,572 contracts in the week to June 12, US data showed …
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This Crypto Bro Left Twitter After His ‘Successful People’ Tweet Was Memed
BuzzFeed – 11:01 AM GMT June 16, 2018 Piers Morgan Gets Rinsed Over ‘Love Island’ Tweet Claiming He’d ‘Stumbled Upon’ His First Episode The Huffington Post – 10:40 AM GMT June 15, 2018 Atul Kochhar tweet: Chef sacked from Dubai hotel restaurant …
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NB Global Floating Rate Income Fund : Portfolio Update – May 2018
The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors … and Exchange Commission (‘SEC’) in the U.S. and regulated by the Dubai Financial Services Authority. This document is addressed to …
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Global engineering insurance declines while new technology creates new risks
The research further showed that while London remained an important centre for construction-related insurance, increasingly engineering risks were underwritten from international hubs in Singapore, Dubai … to engage in hedge fund trading with derivatives.
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Business News at a Glance
It sits in a dry dock in Dubai. In December 2016, a High Court judge ordered … which last month made a hostile takeover offer for the company. The hedge fund is renowned for its use of sharp-elbowed tactics. Late last month, a 2005 court filing that …
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UAE announces new fee caps on banking services
The UAE Central Bank (CBUAE) has announced an amendment to regulate … CBUAE also instructed banks and finance companies to display the new fee caps on their websites. Going forward fees charged by the banks will be reviewed annually to ensure that …
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UAE equity indices slide further amid trade tensions
The Dubai Financial Market (DFM) index fell 1.45 per cent to end below the 3,000 mark for the second day in a row, at 2,939.33, as most stocks ended in the red. The Abu Dhabi Securities Exchange (ADX) general index, which a day earlier fell around 2.7 per …
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Central bank sets cap on banking fees
Dubai: The Central Bank of UAE on Tuesday announced that it has set new limits on fees or commissions charged on retail customer service. The fee caps apply to banking consumer related charges, for example, on home loans and late fees for credit cards.
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