Bahrain distressed bonds targeted by US hedge fund Greylock Capital Management … and Ruler of the Emirate of Dubai said, “At today’s Cabinet meeting, we decided to allow 100 per cent foreign ownership of companies in UAE, with a 10-year visa for …
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Classics Revisited: Cecconi’s Mayfair
The stealth-wealth locations make a classy change from the restaurant groups that wantonly follow the big money to Dubai, Abu Dhabi … the galleries of Cork Street round the corner and a hedge fund hanging from every nearby office, Cecconi’s is one …
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Corruption Currents: Ivanka Trump Receives Trademarks Days Before ZTE Move
(AP) Local cases: The founder of a hedge fund pleaded guilty in a bribery case involving a … Separately, a Maltese lawmaker wrote to Dubai regulators asking for a probe into a local company. (ToM, FT, ToM) Canadian regulators are looking at ways to …
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Single Royals 2018: Prince Hamdan and All the Other Heirs on the Market Now That Prince Harry Is Taken
The 35-year-old is the second son of Sheikh Mohammed bin Rashid Al Maktoum, who is the vice president and prime minister of the United Arab Emirates and emir, or ruler, of Dubai … he works with Wall Street hedge funds. The young Danish prince is the …
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UAE non-oil GDP growth forecast at 3.9% in 2018
The UAE’s Central Bank has raised its forecast for non-oil GDP growth in 2018 to 3.9 percent from 3.6 percent, it said in a tweet on Tuesday. The stronger forecast comes as non-oil economic activity in the UAE grew by 3.1 percent in the first quarter …
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Everything you need to know about offshore banking
For example, the Offshore Banking product offered by UAE-based bank ADCB uses the island of Jersey, thanks to its independently administered jurisdiction and comprehensive laws and regulations to protect its financial services industry. The account comes …
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UAE Residents Keeping Better Track of Finances
UAE residents are keeping better track of their money than four years ago, and fewer are living beyond their means, according to ADIB’s index. The indexprovides fresh insight into trends related to financial wellness, including saving, debt management …
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New Dubai decree exempts firms from admin fines until end-2018
“This will add to the financial benefits of the owners of expired business licenses, restore legal records and licenses, and help the business community in Dubai enhance their competitiveness.” Omar Bushahab, CEO, Business Registration and Licensing Sector …
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Emirates Islamic launches ‘personalised banking experience’ for UAE nationals
… offer a comprehensive range of home finance solutions from construction finance to releasing cash with discounts on fees and profit rates. Further, the bank will also offer UAE nationals the premium ‘Emirati Visa Signature Credit Card’ free for …
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UAE residents keeping better track of finances: study
UAE residents are keeping better track of their money than four years ago, and fewer are living beyond their means, according to the moneysmart index, which Abu Dhabi Islamic Bank launched recently as part of its financial wellness programme. The …
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Central bank lifts UAE growth outlook
The Central Bank of the UAE lifted its growth forecast for the country’s non-oil GDP to 3.9 per cent in 2018 from 3.6 per cent on the back of improving domestic economic activity and better prospects for the global economy. Economic activity in the UAE has …
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Deutsche Bank cuts eight equities research positions in Dubai: sources
DUBAI (Reuters) – Deutsche Bank (DBKGn.DE) has cut eight positions within its equities research team in Dubai as it moves to close the unit as part of a global scaling back of equities business, sources familiar with the matter said. The research analysts …
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Great News for the Islamic Banking Industry
“This is a good move by the IMF and in my opinion it will bring lot of stability to the entire banking system” said Saad Maniar, senior partner at Crowe Horwath UAE. According to the UAE Ministry of Economy and the Dubai Islamic Economy Development Centre …
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Dubai Islamic Bank : receives two new ISO certifications
The certifications make DIB the first Islamic bank in the UAE to achieve an international accreditation of this significance. DIBs Human Resources Department – Learning and Development Centre (L&D) was awarded the ISO 29990:2010 certification, while the …
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MIDEAST STOCKS-Dubai Islamic Bank weighs on Dubai index; Qatar keeps rising
DUBAI, May 29 (Reuters) – The Dubai stock market was sluggish on Tuesday, dragged down by building contractor Drake & Scull International and Dubai Islamic Bank, while other Gulf markets were up slightly in the first hour of trading. The Dubai index shed 0 …
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Deutsche Bank Said to Close Dubai Equity Research in Global Cull
Deutsche Bank AG will close its equity research department in Dubai, according to people with knowledge of the matter, as the German lender restructures the business globally. It’s not clear how many analysts will be affected by the move, the people said …
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UAE residents keeping better track of finances, survey shows
UAE residents are keeping better track of their personal finances than they were four years ago, with fewer living outside of their means, according to newly released data from Abu Dhabi Islamic Bank. In its ‘moneysmart index’ – which is based on …
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