Swiss bank Lombard Odier plans expansion after getting new Dubai licence
Swiss private bank Lombard Odier plans to double its headcount in the UAE within three years after obtaining a licence to operate from Dubai’s financial centre, one of its senior […]
The UAE as the new alternative investment hub
In a globalised financial environment, managing risk has become a paramount focus for Alternative Investment Fund Managers (AIFMs). Regulatory landscapes significantly impact risk management, with rules varying across jurisdictions. While […]
Emirates airline earmarks $200mln fund for sustainability research
Emirates airline has announced a $200 million sustainability R&D fund aimed to reduce the impact of fossil fuels in aviation. According to Emirates, it is the biggest single commitment by […]
UAE’s ADFD supports $320mln water supply project in Mauritania
Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to help finance a project aimed at providing potable water to the city of Kiffa […]
Hedge fund Ray Dalio to open branch of family office in Abu Dhabi
American billionaire investor and hedge fund manager Ray Dalio plans to set up a branch of his family office in Abu Dhabi as part of plans to push into the […]
ADFD, UNIDO discuss joint efforts to drive sustainable development
Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), has met Gerd Müller, […]
UAE’s ADCB sells NPL portfolio worth $1.1bln to investment funds
UAE’s Abu Dhabi Commercial Bank PJSC (ADCB) has sold a portfolio of non-performing loans (NPL) worth 4.2 billion dirhams ($1.1 billion) to investment funds advised by Davidson Kempner Capital Management […]
Sunset Hospitality gets $35mln funding from Goldman Sachs
Sunset Hospitality Group (SHG), a diversified hospitality group in Dubai, renowned for developing and operating highly popular lifestyle brands, has secured $35 million funding from Goldman Sachs Asset Management. […]
Kuwait-backed Wafra raises $1.5bln for stakes in fund managers
Wafra Inc, an investment firm backed by Kuwait’s public pension fund, said on Monday it has raised $1.5 billion for its fourth flagship fund that will acquire minority […]
UAE: Collaboration, not competition, creates wins for neobanks, say CEOs
Digital banking apps are shaking things up and introducing a seamless, cost-effective, and flexible way of accessing financial services to customers in the UAE. Although some of the worst […]