A significant trend has emerged as hedge fund firms increasingly relocate their operations to Dubai and Abu Dhabi. This movement is largely driven by the desire to retain top talent in the face of escalating regional conflicts. For instance, Danny Yong, a veteran hedge fund manager at Dymon Asia Capital, recently lost a potential hire...
Tristar, a subsidiary of Agility Global, which is listed in Abu Dhabi, has successfully secured a new credit facility worth $255 million. This funding, obtained from several regional and international banks, is intended for refinancing and general corporate purposes. The facility has a term of 18 months and includes an option for extension. Agility Global...
Emirates Coin Investment (EmCoin), based in Abu Dhabi, has recently become the first company to be authorized by the UAE’s Securities and Commodities Authority (SCA) to provide fully regulated virtual asset services. The new platform combines both digital and traditional financial markets, allowing investors to access cryptocurrencies, UAE and global stocks, commodities, and professionally managed...
Nasdaq Dubai has announced the listing of three Green Bond issuances totaling $1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). These bonds were issued under ICBC’s $20 billion Global Medium Term Note Programme from its branches in Dubai (DIFC), Hong Kong, and Singapore. This move enhances ICBC’s status as the leading Chinese...
Dubai Investments PJSC (DFM: DIC), a diversified investment group listed on the Dubai Financial Market, has renewed its agreement with xCube LLC to serve as the Liquidity Provider (LP) for its shares. This renewal is part of Dubai Investments’ ongoing strategy to enhance shareholder value and improve market performance. The partnership with xCube reinforces Dubai...
Nettlestone Capital Advisors has officially launched its operations at the Dubai International Financial Centre (DIFC). The firm is fully authorized and regulated by the Dubai Financial Services Authority (DFSA) and aims to connect specialist investment managers with institutional capital throughout the Middle East. Founded by Edwin Lawrence, who has over two decades of experience in...
Qatar-based PayLater, recognized as one of the first companies to obtain a buy now, pay later (BNPL) license from the Qatar Central Bank (QCB), has successfully secured a strategic investment from the UAE-based fintech investor, LuLu Alternative Investments (LuLu AI). This investment, the amount of which has not been disclosed, marks LuLu AI’s first foray...
In the UAE, parents are modernizing the Eid tradition of Eidiya, which involves giving children money during festive celebrations. A growing number of families are opting to open bank accounts for their young children instead of allowing them to spend all their cash gifts. This approach not only helps in storing the money safely but...
The Dubai International Financial Centre (DIFC) has announced the launch of the Future Sustainability Forum, a global platform designed to accelerate sustainable finance and innovation. This significant event is scheduled to take place on December 4 and 5, 2024, at Madinat Jumeirah in Dubai. The forum aims to foster collaboration among industry leaders, investors, policymakers,...
Grant Thornton UAE, a prominent financial services firm, has officially announced the opening of its new office in Sharjah. This expansion aims to enhance the company’s service delivery and strengthen its presence in the UAE market. Credit: WAM The new office is part of Grant Thornton’s strategy to support local businesses and contribute to the...