but we’re still studying it and will probably wait until after the IPO before deciding whether to buy it,” said Marwan Haddad, who helps manage about $100 million in Middle East assets at Al Mal Capital PSC in Dubai. “There’s not a lot of room for …
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Citi’s ex-head of equity derivatives joins AI fund manager cloning its founder’s brain
Citi’s head of equity derivatives in EMEA has re-emerged at a strange fund manager in Dubai. https … Carmignac and a long-time portfolio manager at Steve Cohen’s old hedge fund, SAC Capital Advisors. Imraan Moola, an emerging markets focused …
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Dubai Center for Islamic Banking and Finance Releases 3rd Annual Report on Islamic Economy
The Dubai Center for Islamic Banking and Finance (DCIBF), an entity formed through a partnership between Hamdan bin Mohammed Smart University (HBMSU) and the ‘Dubai the Capital of Islamic Economy’ initiative, has released its third annual report on the …
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Middle East financial market industry prepare to brace for change
Mohammed Al Hashemi, Chairman of the UAE Financial Markets Association, organisers of the 42nd ICA Conference, officially opened the event alongside Taher Khalifa, Chairman of the International Cambist Association (ICA), welcoming hundreds of local …
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Dubai’s Noor Bank To Step Away From Unsecured SME Lending
Dubai-based Noor Bank will move away from unsecured lending to SMEs after being impacted by a rise in bad debts within this sector. One of the UAE’s bigger banks has said that it would move away from unsecured lending to small and medium-sized …
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Emirates Islamic eyes strong growth in retail banking business
… the backdrop of low single digit loan growth in the UAE in 2017, Emirates Islamic is targeting strong growth in retail financing business next year, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management of Emirates Islamic told Gulf News in …
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ADNOC’s distribution unit could raise as much as $2bn in IPO
distribution unit set an indicative price range for its initial public offering (IPO) that could raise as much as $2bn to become the biggest listing in the UAE since 2007. ADNOC Distribution set an indicative price range of between Dhs2.35 ($0.6400 …
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Does UAE’s banking sector deserve to be given credit or not?
The UAE’s banking sector will see growth strengthen in 2018, and remain fairly robust in 2019, as the economy at large benefits from higher oil prices and easing oil production curbs. Total assets growth and client loans growth both decelerated in June …
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Dubai and Australia team up with fintech initiative
The Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Center (DIFC), tied up with the Australian Securities and Investments Commission (ASIC) to put in place a regulatory framework for cooperation on …
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UAE investment firm Amanat names new chairman, MD
Vayalil added: “Amanat has the potential to become a game changer in healthcare and education, not only in the UAE but on the global stage. “Both sectors are ripe for investment and with Amanat’s strong financial position, now is the time to …
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Dubai Financial Market : UAE bourses to revive on Emaar Development’s listing – Analysts
Dubai – Mubasher: The UAE bourses are expected to bounce on Wednesday in line with Emaar Development’s listing on the Dubai Financial Market (DFM). Emaar Development is the second firm to be listed on the DFM in 2017 after Orient UNB Takaful which went …
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Middle East financial markets bracing for change
UAE. The UAE Financial Markets Association is challenging the region’s investment bankers, traders, treasury managers and finance professionals to brace for change amid the rise of populism in the West and the sharing economy grows. Mohammed Al Hashemi …
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Finance House to be receiving bank for Adnoc unit IPO
Finance House has announced its participation as a ‘Receiving Bank’ in the Initial Public Offering (IPO) of Adnoc Distribution. Adnoc Distribution, the UAE’s leading operator of retail fuel service stations and the sole retail fuel operator in Abu …
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UAE seen returning to budget surplus in 2019
The UAE’s budget balance will return to surplus by 2019, owing to the recovery in oil prices, the introduction of new taxes – most notably the value-added tax in 2018, according to a new research note. Analysts BMI said capital expenditure will drive total …
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Biggest Dubai IPO in 3 Years Has Worst Debut Since 2014
Geopolitical risk in the Middle East took a toll on the debut of a stock linked to one of the strongest brands investors can find in the United Arab Emirates market. Emaar Development PJSC, the U.A.E. real estate developer that began trading in Dubai on …
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UAE Central Bank looks to private equity to plug SME funding gap
The governor of the Central Bank of the UAE wants private equity firms to help fill the void left by banks that have cut lending to SMEs in recent years amid lacklustre economic growth. “The exposure of our financial sector to SMEs is moderate and I …
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UAE mulls regulation for crowdfunding
In August 2017, the Dubai Financial Services Authority (DFSA) launched its regulatory framework for loan and investment-based crowdfunding platforms to create an innovation-friendly ecosystem. The introduction of the regulation comes as crowdfunding is …
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