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Posted on 13/08/2018

UAE Food Bank’s summer giving benefits 1,000 workers

As part of the ‘Summer of Giving’ campaign, the UAE Bank Food team has distributed 1,000 meals, water and cold juices to the workers at the workers accommodations in Al Muhaisinah 2 area. The team, wh…
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Posted on 12/08/2018

How technology will transform banking

KPMG, in its UAE Banking Perspectives 2017 report, observes that many banks — in the UAE and globally — continue to make decisions “by looking back at what may have gone wrong”. However, that is chang…
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Posted on 11/08/2018

Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout

DUBAI/RIYADH/LONDON (Reuters … Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative ca…
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Posted on 11/08/2018

Digital-only Dubai bank launches first credit score check

Liv., the lifestyle digital bank by Emirates NBD for millennials, has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers access to their credit score. The bank sa…
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Posted on 10/08/2018

Dubai Financial Services Authority joins regulator network

The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has issued a discussion paper announcing the esta…
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Posted on 09/08/2018

Want to save? Try this old-school coin bank

Dubai: Struggling to save? Some Filipinos in the UAE who have … Users gave a twist to the old-school piggy bank method and used a “save and shade” template printed on a tin can. Through this, savers …
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Posted on 09/08/2018

State Funds Back Cathay Midcap II

Hedge funds manage money from a wide number of capital sources including … Nordic Capital, through its fund Nordic Capital Fund VIII, sold Danish logistics company Unifeeder Group to Dubai-based por…
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Posted on 09/08/2018

DP World to Acquire Unifeeder from Nordic Capital

DP World was founded in 2005 by merging Dubai Ports Authority and Dubai Ports International … Existing investors in UTA include Jeffrey Ubben, a co-founder of hedge fund ValueAct Capital. The UTA pa…
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Posted on 09/08/2018

Abraaj founder faces fresh criminal complaint over $300m loan

The cheques relate to a $300m loan issued by Mr Jafar to Dubai-based Abraaj … after resistance from some investors in Abraaj funds. Other offers have been received, including bids from US hedge fund …
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Posted on 09/08/2018

Gold prices rise, 22k priced at Dh138 in Dubai

Meanwhile, 24k gold is priced at Dh147.25 and 22k can be bought at Dh138.25 in Dubai. US gold futures were … world’s largest gold-backed exchange-traded fund, fell 0.26 percent to 794.90 tonnes on F…
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Posted on 09/08/2018

MO’ MONEY: New doc examines how greed replaced the American Dream

a disgraced hedge fund guy and various others who went after money with a passion. Her film moves all over the globe — America, China, Ireland, Dubai, Iceland, Europe — examining wretched excess in ev…
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Posted on 09/08/2018

HDFC Bank Limited (HDB) Shares Bought by Jennison Associates LLC

17.02% of the stock is owned by hedge funds and other institutional investors … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Trea…
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Posted on 09/08/2018

DnB Asset Management AS Cuts Stake in HDFC Bank Limited (HDB)

Other hedge funds and other institutional investors also recently bought … and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treas…
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Posted on 09/08/2018

Police launch campaign to tackle speeding drivers

2018 Dubai tourist racks up £36k in speeding fines in rented supercar BBC News – 16:51 PM GMT August 06, 2018 Hedge fund manager is fined £440 for speeding despite arguing it should have been less Mai…
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Posted on 09/08/2018

DFSA Joins Peers in Discussion on a Global Financial Innovation Network

The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has today issued a discussion paper announcing th…
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Posted on 09/08/2018

Emirates Investment Bank Reports Financial Results for the Second Quarter and First Half of 2018

Emirates Investment Bank (“EIBank”), an independent private bank based in the UAE (DFM: EIBank), today announced its financial results for thesecond quarter and first half of 2018. Financial Highlight…
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Posted on 09/08/2018

Mashreq, Trade Bank of Iraq and General Electric Enter Into Strategic Cooperation

Mashreq Bank, the leading financial institution in the UAE, has entered into a strategic cooperation with the Trade Bank of Iraq (TBI) and General Electric (GE) to accelerate the development of power …
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