10/13/2013
Standard Chartered picks up UAE mandate
Standard Chartered has picked up a custody and fund administration mandate with Al Mal Capital
Alternative Investments
10/12/2013
Private equity firms in Arabian Gulf eye Egypt acquisitions
The most populous country in North Africa, Egypt was rocked by civil uprisings in January 2011 that toppled the president Hosni Mubarak after three decades of authoritarian rule.
10/09/2013
Alibaba's takeover of Tianhong to reshape online finance
This will make Tianhong the country's largest fund management company in terms of registered capital, surpassing that of China Asset Management Co., currently the largest with registered capital of 238 million yuan.
10/06/2013
Zurich Int’l Life splits banking distribution channels in Middle East
Zurich International Life in the Middle East has split its bank distribution division
10/03/2013
Private Banking Special: Arnaud Leclercq, Lombard Odier
Lombard Odier plans to increase its assets in the Middle East to 20 per cent of its global business by the end of 2017.
10/01/2013
UAE investors look east as growth of developed economies slows, HSBC says
Retail investors in the UAE are increasingly looking to Asian markets to park their cash.
10/01/2013
Qatar Holding becomes sole owner of Qatar Exchange
Qatar Holding, the investment arm of the country's sovereign wealth fund Qatar Investment Authority (QIA), has bought NYSE Euronext's 12 percent stake in the Qatar Exchange, the Doha-based bourse said in a statement on Tuesday.
09/30/2013
Qatar Wealth Fund Buys NYSE Euronext’s Stake in Local Bourse
The sale comes after achieving all the “strategic goals” identified for the exchange when NYSE bought a 20 percent stake in June 2009, according to an e-mailed statement today from the two companies.
09/29/2013
Fund managers may withdraw some funds from Dubai
Saudi Arabia likely to be the beneficiary as funds set to invest more in the Kingdom
09/28/2013
Bahrain's Arcapita eyes new investments after first Gulf Chapter 11
The Islamic investment firm emerged from Chapter 11 on Sept. 17 after seeking court protection in March 2012 under hedge fund pressure ahead of the repayment of a $1.1 billion Islamic loan.
09/27/2013
Napier Park Global Capital opens office in DIFC
Napier Park Global Capital 'Napier Park', a global alternative asset management firm, announced today that it has expanded its business operations into the UAE and is opening an office at the Dubai International Financial Centre
09/27/2013
Bank Muscat wins Wells Fargo award for fund transfer
Bank Muscat, the flagship financial services provider in the Sultanate, has won an award from Wells Fargo bank for outstanding performance in dollar denominated fund transfer and commercial payments. Abdullah al Hinai, DGM
09/25/2013
Turkey tops the list of countries that bought more gold bullion
Turkey raised its gold reserves by the most in five months in August and topped the list of countries that bought more bullion
09/25/2013
Abu Dhabi fund Mubadala's H1 profit up 10.4pc on investment gains
Mubadala, the Abu Dhabi investment fund with a mandate to develop the emirate's local economy, on Thursday posted a 10.4 percent rise in first-half profit boosted mainly by income from financial investments.
09/23/2013
Dubai not in Refinancing Talks on $20 Billion Abu Dhabi Debt: Official
Dubai is not currently in negotiations with Abu Dhabi to refinance $20 billion of crisis-related debt that will come due in 2014
09/19/2013
Credit Suisse, Qatar Venture to Start Foreign Operation
The international business will be based outside the Middle East, according to the memo. Sofia Rehman, a Credit Suisse spokeswoman in London, confirmed the contents of the memo.
09/17/2013
Baring Asset Management funds now available to First Gulf Bank customers
Head of Fixed Income and Currency at Baring Asset Management was delighted to partner with one of the region’s fastest growing regional banks and help contribute to the growth and diversity of the local investment markets.
09/17/2013
Emirates NBD Signs Exclusive Partnership With Manchester United
The news comes hot on the heels of First Gulf Bank announcing a tie-up with Manchester Cityon Tuesday and United Arab Bank announcing an affiliation with Spanish giants Barcelona last week.
09/16/2013
Qatar looking less likely to bid for Versace, say sources
Several sources have told Reuters the family is prepared to sell 15 to 20 percent.
09/15/2013
Saudi Bank Sector Offers Investment Opportunity
The Saudi banking sector offers a compelling investment opportunity due to a strong loan growth outlook, coupled with the bottoming out of NIMs contraction