UAE Public Prosecution warns against misusing national currency
The UAE Public Prosecution has reaffirmed that misusing the national currency is a punishable crime and has called on the…
Hedge Funds & Alternative Investments
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Temporary committee to handle impacts of COVID-19 discusses initiatives, procedures to support affected economic sectors
The temporary committee to handle impacts of COVID-19 held its fourth meeting, chaired by Sultan bin Saeed Al Mansouri, Minister…
Northern Trust Selected by Sancta Capital to Provide Institutional Brokerage and Global Custody Services
Northern Trust has been selected by Dubai-based asset manager Sancta Capital Advisors (Sancta Capital) to provide brokerage and global custody…
Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385m,…
Lockdown could trigger exodus of expats from UAE
Lockdown measures worldwide have helped slow the spread of coronavirus, but some of the fallout has been more acute for…
Winning investments: UAE Mubadala's 2019 income surges to $14.43bln
Abu Dhabi's state investor, Mubadala Investment Company, has seen a big surge in its comprehensive income at 53 billion UAE…
Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance
Shareholders of Oman’s Taageer Finance Company have approved the issuance of up to 10 million Omani riyals ($25.97 million) unsecured…
Banking equities help Qatar bourse cross 9,200 level
The Qatar Stock Exchange on Thursday gained more than 47 points to once again cross the 9,200 level, mainly lifted…
Oman weighs seeking financial aid from Gulf countries
Oman has discussed the possibility of financial aid with other Gulf states to help it cope with the economic impact…
Dubai's Deira City Centre set to open new section after $102.6mln revamp
Majid Al Futtaim, a leading shopping mall developer and leisure pioneer in the region, has announced that work is nearing…
Dubai continues to see big confidence from health sector investors
The Dubai Health Authority provided licenses to 37 health facilities and 2,340 health professionals from the beginning of this year…
Dubai to adopt new regulatory standards to relaunch exhibitions, conferences
New regulatory standards will be deployed as part of the “roadmap” for Dubai to re-launch its MICE (meetings, incentives, conferences,…