Siddesh Suresh Mayenkar
Gulf News
Mumbai, MH, India
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Past articles by Siddesh:
Saudi leads IPO activity in region
Arabian Centres was one of the largest IPOs in the country with proceeds of $658.7m → Read More
UAE bourses join global sell-off as Fed turns a hawk
The US Fed cut its Fed fund rates by 25 basis points, calling it a mid-cycle adjustment → Read More
Lagging Dubai stocks seen outperforming after a dip
The Dubai Financial Market general index has gained 15% in the year so far → Read More
DFSA imposes Dh1.15b fines on 2 Abraaj companies for fraud
Abraaj was the largest leveraged buyout firm in Dubai → Read More
Do NRIs in Gulf need to pay income tax in India?
NRIs are required to pay tax on an income of more than Rs250,000 earned in India → Read More
Abu Dhabi GDP rises to Dh226b as diversification bid bears fruit
Oil GDP made up 39.8 percent of the emirate’s overall GDP in the first quarter of 2019 → Read More
UAE-China historic partnership fires up local bourses
The first among local companies to sign a deal was Emaar Properties → Read More
Etisalat reports Dh4.4 billion net profit for first half
The telecom major reported revenues of Dh25.9 billion in the first half of the year → Read More
Emaar, subsidiaries’ shares surge on $11.5b project announcement
Emaar Properties will implement a project with Beijing Daxing International Airport → Read More
DFM first half net profit at Dh65.1m
During the first six months of 2019, the DFM trading value fell to Dh25 billion → Read More
Bitcoin still has potential to make new highs, experts says
Prices tumbled 15% from its one month high of $12,575 recently after Trump’s remarks → Read More
Actis acquires management rights of two Abraaj’s funds
Dubai: Actis, the private equity firm based in the UK, said it has assumed the management rights of two of Abraaj’s fund. The PE firm said it has bought Abraaj Private Equity Fund IV and Abraaj Africa Fund III, a global buyout fund and a fund for investment in sub-Saharan Africa respectively. Actis was invited to step in to help provide a solution that would be acceptable to both the Limited… → Read More
Dubai index ends at critical resistance level
The Dubai Financial Market general index closed at the 50-day moving average → Read More
$40-50 billion inflows expected on Tadawul bourse in 2019-ceo
Tadawul bourse outperforms EM peers with solid performance → Read More
Emirates NBD shares surge, cause outperformance in Dubai index
Shuaa shares lose steam after merger announcement with ADFG → Read More
In positive lead, Bitcoin prices react to real world problems
Bitcoin prices are slowly and gradually rising at a rapid pace to near $10,000 → Read More
UAE’s banking shares have more to gain
Banking scrips provide the saving grace for beleaguered UAE markets → Read More
DIFC companies to give paternity leave in new employment law
Mohammad enacts new employment law for DIFC companies → Read More
Dubai Islamic Bank gets regulatory nod to acquire Noor Bank
The joint entity would create a bank with assets worth Dh275 billion → Read More
UAE investors among world’s most optimistic about economy: UBS
A view of Shaikh Zayed Road in Dubai. Image Credit: File photo Dubai: High-net-worth individuals and business owners globally are optimistic and looking for opportunities to invest as markets rebound in 2019, according to UBS Global Wealth Management’s new quarterly Investor Sentiment survey. The survey, which polled more than 3,600 wealthy investors and entrepreneurs in 17 countries, including… → Read More