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☆ Ray Dalio hails the Gulf's 'renaissance states' amid a period of 'greater disorder' globally
▼ + stars: | 2023-11-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. We're now talking about a renaissance state here that happens within this greater geopolitical and economic environment," Dalio told CNBC's Dan Murphy on Tuesday. The UAE "is a renaissance state," Dalio said. Amid higher oil prices in recent years, the region's mammoth sovereign wealth funds had ever more to spend. The region's combined 10 largest sovereign wealth funds managed some $4 trillion in early 2023, according to the Sovereign Wealth Fund Institute.

Persons: Ray Dalio, ABU, Dalio, CNBC's Dan Murphy, Dalio's Organizations: Forbes, Getty, United, United Arab Emirates, Bridgewater Associates, United Arab, CNBC, Abu, Abu Dhabi Finance, GCC, Gulf Cooperation, Dalio's Bridgewater Associates, Pensions & Investments, The, Dubai International Financial, Sovereign Wealth Fund, —, Saudi Arabia's Public Investment Fund Locations: New York City, Taylor, ABU DHABI, United Arab, Gulf, United Arab Emirates, Abu Dhabi, U.S, Singapore, The UAE, UAE, Saudi Arabia, Dubai, London, New York, France

☆ Crypto.com wins Dubai licence
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Nov 14 (Reuters) - Virtual assets exchange Crypto.com's Dubai entity CRO DAX Middle East FZE has received a licence from the city state's regulator, subject to operational approval, the company said in a statement on Tuesday. Once approved, the Virtual Assets Service Provider (VASP) licence will allow Crypto.com to offer various services in-market to retail and institutional investors, including exchange services, broker-dealer services, investment services, and lending and borrowing services, the statement said. “Dubai continues to show it is a leading market when designing effective regulation for the crypto space while still supporting adoption and innovation," Kris Marszalek, CEO of Crypto.com said. With more than 80 million customers globally, Crypto.com announced Dubai as its regional hub for the Middle East and North Africa in March 2022, following a trend of other major industry players gravitating towards the Gulf city state. Reporting by Rachna Uppal; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: DAX, Kris Marszalek, Crypto.com, Rachna Uppal, Michael Perry Organizations: Virtual Assets Service, Assets Regulatory Authority, Dubai International Financial, Crypto.com, Thomson Locations: DUBAI, Dubai, VARA, East, North Africa, Gulf

☆ OKX crypto exchange seeks Dubai regulation with eye on Middle East expansion
▼ + stars: | 2023-06-15 | by ( Lisa Barrington | ) www.reuters.com time to read: +2 min

DUBAI, June 15 (Reuters) - OKX, one of the world's largest cryptocurrency exchanges, is seeking regulatory approval to operate in Dubai as it plans to expand the company's Middle East operations, an executive told Reuters on Thursday. Regulation is an industry trend, OKX Global Head of Government Relations Tim Byun said. Byun said he believed the SEC's move would push more applicants towards innovative regulators like Dubai's Virtual Asset Regulatory Authority (VARA). OKX is regulated in the Bahamas and currently does not allow customers from the United States to use its platform due to regulatory issues. OKX plans to apply for such a licence, Byun said.

Persons: Tim Byun, Binance, Byun, VARA, Lisa Barrington, Yousef Saba, Kirsten Donovan Organizations: Reuters, Government, U.S . Securities, Exchange Commission, SEC, Regulatory, Dubai World Trade Center, United, United Arab Emirates, Dubai International Financial, UAE, Thomson Locations: DUBAI, Dubai, VARA, United Arab, Saudi Arabia, Bahrain, Bahamas, United States

☆ We've seen nothing but growth, says Dubai International Financial Center CEO
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've seen nothing but growth, says Dubai International Financial Center CEOArif Amiri, CEO of the Dubai International Financial Center, says the region has much more to offer.

☆ A 50% rent increase? Record property demand in Dubai is creating a nightmare for some residents
▼ + stars: | 2023-03-10 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Beyond the property market, Dubai's economic boom is evident in everyday life. The Dubai International Financial Centre (DIFC) area of Dubai, United Arab Emirates, with the Burj Khalifa in the backdrop, Sept. 16, 2022. Property prices have, too — CBRE says that selling prices are up 11.5% on average in the year to February 2023. Christopher Pike | Bloomberg | Getty ImagesAccording to CBRE's research, in the year through February 2023, average Dubai rents increased by 27.7%. In the meantime, no one expects property prices to ease up anytime soon.

☆ Edmond de Rothschild to open advisory office in Dubai
▼ + stars: | 2023-02-28 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +2 min

DUBAI, Feb 28 (Reuters) - Edmond de Rothschild Group, which specialises in asset management and private banking, said on Tuesday it is expanding its presence in Dubai with an advisory office as it looks to the fast-growing Middle East hub to cater to an affluent pool of clients. It previously had a representative office in Dubai, but said the new office will "enhance" its ability to serve clients in the region. Edmond de Rothschild plans to hire about five people in Dubai next year, a spokesperson said. A growing number of hedge funds have set up shop in Dubai, attracted by lower licensing fees and capital requirements for the industry, including Millennium Management, ExodusPoint Capital Management and BlueCrest. French private equity firm Ardian said last month it was opening an office in neighbouring Abu Dhabi, capital of the United Arab Emirates, while CVC opened an office in Dubai last year.

☆ Dubai, Tel Aviv and beyond: CNBC names the best hotels for business travel in the Middle East
▼ + stars: | 2022-10-04 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: +8 min

CNBC Travel and the market data firm Statista today release a ranking of the "Best Hotels for Business Travelers" in the Middle East. From Abu Dhabi to Tel Aviv, here is the full list of the winners in the Middle East in PDF format — complete with final scores — some of which are highlighted below. Alternatively, you can search by city or country using the table here:Abu DhabiRosewood Abu Dhabi Crowne Plaza Abu Dhabi — Yas Island Four Seasons Hotel Abu Dhabi at Al Maryah Island W Abu Dhabi — Yas Island Beach Rotana ResidencesRosewood Abu Dhabi Source: Rosewood Abu DhabiRosewood Abu Dhabi is the brand's only hotel in the United Arab Emirates. AnkaraAlegria Business Hotel Holiday Inn Ankara — Cukurambar Ankara Atli Hotel Ankara HiltonSA Occidental Ankara The Alegria is all business — as befits its name. It has the amenities that business travelers value — an on-site restaurant, bar and patisserie — all just a few miles from Izmir Adnan Menderes Airport.

☆ DOC/ CV-ul noului director al S.A Loteria Națională a Moldovei
▼ + stars: | 2021-06-17 | by ( ) www.zdg.md time to read: +2 min

Societatea pe acțiuni Loteria Națională a Moldovei are un nou director. Anunțul a fost făcut de către reprezentanții Agenției Proprietăți Publice (APP) care menționează că la 11 iunie 2021 a avut loc proba „Interviu” a concursului pentru ocuparea funcției vacante de Director general al S.A. ,,Loteria Națională a Moldovei”. „În rezultatul intervievării candidaților de către Comisia de concurs, în calitate de învingător al concursului a fost desemnat – Vadim Dermenji”, menționează reprezentanții APP. Potrivit CV-ului publicat pe site-ul APP, noul director al S.A Loteria Națională, în perioada 2019 – 2020 a deținut funcția de director adjunct al Agenției Proprietăți Publice. În perioada 2013 – 2018 a fost șef de direcție, colonel SIS, în cadrul Serviciului de Informații și Securitate.

Persons: Vadim Dermenji, Vladimir Plahotniuc, Bulgarul, Stephanie Amabao, Vasil Bozhkov Organizations: Loteria, Moldovei, Loteria Națională, SIS, Prime, Emiratele Arabe Unite, Financial Centre Locations: Moldovei, S.A, Dubai, Moldova, Chişinău, Emiratele Arabe, New, Bulgaria, bulgară, Bulgariei

☆ APP anunță concurs pentru funcția de direct general al Societății pe acțiuni ,,Loteria Națională a Moldovei”. Cerințele față de candidați
▼ + stars: | 2021-05-14 | by ( ) www.zdg.md time to read: +5 min

Reprezentanții Agenției Proprietăți Publice (APP) au emis vineri, 14 mai, o notă prin care informează că membrii Consiliul S.A. ,,Loteria Națională a Moldovei”, conform prevederilor Legii nr. 1134/1997 privind societățile pe acțiuni, Statutului societății și altor acte normative, anunță concurs pentru ocuparea funcției de Director general al S.A. „Loteria Națională a Moldovei”. Concursul pentru ocuparea funcției de Director general al S.A. ,,Loteria Națională a Moldovei” va fi desfășurat în conformitate cu Regulamentul de organizare și desfășurare a concursului pentru ocuparea funcției vacante de Director general al S.A. ,,Loteria Națională a Moldovei”, aprobat prin hotărârea Consiliului societății din 07.05.2021, se menționează în nota APP. Locul depunerii documentelor:Documentele de participare la concurs pentru ocuparea funcției de Director general alS.A. ,,Loteria Națională a Moldovei” vor fi depuse la sediul societății: mun.

Persons: Bănulescu - Bodoni, Vladimir Plahotniuc, Bulgarul, Stephanie Amabao, Vasil Bozhkov Organizations: S.A, Loteria, Moldovei, Prime, Emiratele Arabe Unite, Financial Centre Locations: S.A, 07.05.2021, Moldovei, Chișinău, Proprietății, Dubai, Moldova, Chişinău, Emiratele Arabe, New, Bulgaria, bulgară, Bulgariei

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