Bloomberg The hedge fund business isn’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth management unit of Denmark’s biggest lender, Danske Bank A/S. “If you look back over time, there are a lot ...

  Chisinau / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Moldovan Prime Minister Pavel Filip as part of an extended high-level Emirati visit to Moldova. Representatives from the government and the private sector, investors, and entrepreneurs invited to attend the UAE-Moldova Business Forum were also present during the meeting set to discuss potential collaborative ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Sunday its preliminary financial results for full-year 2016. The company reported a net profit of AED 205 million for this year, a significant turnaround back into strong profit. Commenting on the strong results, Shaikh ...

  Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) concluded the seventh annual Sharjah Light Festival in a ceremony held at University City Hall. The ceremony was attended by Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Sharjah Media Corporation and Chairman of Sharjah Media Centre; Sheikha Bodour bint Sultan bin Muhammad Al Qasimi, Chairperson of ...

  Dubai / Emirates Business Dubai Chamber of Commerce and Industry has announced that it has launched “Dubai-Opoly”, a new recreational game as part of its efforts to promote Dubai as a global hub for business and trade. Modelled after the world-famous “Monopoly” board game, Dubai-Opoly will soon hit store shelves in the UAE and GCC region, and feature some ...

  Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, on Sunday announced it has contributed AED 1.72 million from its charity fund to the UAE’s Ministry of Health & Prevention, (MOHAP) to support the purchase of 37 life-saving emergency devices, including defibrillators and adhesive pads, which are used to deliver electric shocks ...

  Dubai / Emirates Business As part of its continuous efforts to support the “Year of Giving” initiative in the UAE, Waiwera water, the world’s leading artesian water brand has slashed its prices by 25 percent for the entire year. Adyton One General Trading, the sole distributor of Waiwera Artesian water in the UAE announced the launch of the initiative ...

  North Korea / AP North Korea appeared to fire a ballistic missile early Sunday in what would be its first such test of the year and an implicit challenge to President Donald Trump, who stood with the Japanese leader as Shinzo Abe called the move “intolerable.” There was no immediate confirmation from the North, which had recently warned it ...

  SRINAGAR / AP Four suspected rebels, two Indian army soldiers and a civilian have been killed in a fierce gunbattle in Indian-controlled Kashmir, officials said on Sunday. The fighting began after police and soldiers cordoned off the southern village of Frisal overnight following a tip that militants were hiding in a house, said police Inspector-General Syed Javaid Mujtaba Gillani. ...

  PANGLONG / AP Myanmar leader Aung San Suu Kyi called on all armed ethnic groups to sign a cease-fire agreement during a speech on Sunday in the same place where her father, an independence hero, signed a peace deal 70 years ago. Speaking during annual Union Day celebrations, Suu Kyi said ethnic groups can still join the movement for ...