Emaar Properties’ rally has helped Dubai’s benchmark stocks gauge to bounce back from … the downside” The flows into the companies specifically “were driven by hedge fund money” Ayub Ansari, senior …
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Dubai stocks rally hits pause
The Dubai Financial Market (DFM) general index closed 0.30 per cent lower at 2,675.80. The index has been moving positive and negative territories in the past two sessions, after gaining 7.5 per …
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Dubai Property Giant’s Fabulous February Triggers Sentiment Test
Emaar Properties’ rally has helped Dubai’s benchmark stocks gauge to bounce back from … the downside” The flows into the companies specifically “were driven by hedge fund money” Ayub Ansari, senior …
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Bahrain’s Mumtalakat open to McLaren IPO, despite Brexit uncertainty
Bahrain’s sovereign wealth fund remains open to an initial public offering of McLaren Group … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straigh…
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9 common financial mistakes UAE residents make – and how to avoid them
Everybody makes mistakes but if you mishandle your personal finances it could cost you a small fortune. Buying poor performing investment plans, not having an emergency fund or failing to prepare for …
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Dubai Financial Market : FinTech experts call for further regulations to bolster tokenisation in the UAE
International law firm, King & Wood Mallesons (KWM) hosted a recent event in Dubai International Financial Centre to shed light on an increasingly popular method of raising project funding – Security …
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Dubai International Financial Centre brings world-renowned White Nights concept to Dubai
Dubai, UAE – Whether you are passionate about food, culture or entertainment there will be something for everyone at the new monthly White Nights being launched at Dubai International Financial Centre …
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UAE performance weighs on Standard Chartered’s MidEast momentum
We are targeting higher-returning income and efficiencies in India, Korea, the UAE and Indonesia. Realising the opportunities those markets present will significantly enhance the group’s financial per…
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UAE labour law modernisation efforts continue into 2019
The more notable initiatives expected in 2019 include: The Dubai International Financial Centre (DIFC) Authority held a public consultation on its draft new DIFC Employment Law in February and March l…
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Bahrain’s financial centre cheaper than Dubai or Abu Dhabi, report claims
A new report comparing the cost of doing business in Bahrain’s financial centre to the UAE’s two main financial centres in Dubai and Abu Dhabi has said the former is 35 percent cheaper than its region…
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Abu Dhabi bank appoints new CEO to drive growth
Abu Dhabi Islamic Bank has announced the appointment of Mazin Manna as its new Group CEO, after obtaining UAE Central Bank approval. Manna brings 28 years of experience in international banking, havin…
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Saudi stock exchange and REITs dominate Gulf IPO market in 2018
Drake noted that while there was no IPO activity in the United Arab Emirates last year, UAE-based companies raised capital through public offerings on global bourses. Shallow water driller Shelf Drill…
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Dubai index snaps 8-day gaining streak as stocks investors resort to profit-taking
The Dubai Financial Market general index closed 0.28 per cent lower at 2,661.25, after rising 7.5 per cent in the past eight sessions. The market breadth was negative. Emaar Properties closed 0.21 …
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ADIB appoints Group Chief Executive Officer to lead next phase of bank’s growth
Abu Dhabi: Abu Dhabi Islamic Bank’s (ADIB) Board of Directors today announced the appointment of Mazin Manna as ADIB’s new Group Chief Executive Officer, after obtaining UAE Central Bank approval. Maz…
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Victory Capital Management Inc. Purchases New Holdings in HDFC Bank Limited (HDB)
Several other hedge funds and other institutional investors have also recently … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Tre…
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UAE’s ADNOC seals $4 billion pipeline infrastructure deal with KKR, BlackRock
ABU DHABI (Reuters) – Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company s…
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Dubai Islamic Bank : DIB adopts digital plan for growth in 2019 – Bloomberg Intelligence
Dubai – Mubasher: Dubai Islamic Bank (DIB) has adopted a new digital strategy that will serve its customers and operational capabilities. The new plan is to help the UAE’s largest Islamic lender addre…
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