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
Alternative Investments
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
09/14/2013
GCC bond issues top USD27bn in 2013
There is a surge in conventional and drop in sukuk issues in the GCC region in the first half of 2013 compared to same period in 2012
09/04/2013
Qatar Banking Sector Set To Meet USD100bn Country Need
Qatar's banking Sector is set to Meet The Country's Infrastructure Finance Demand in excess of $100bn until 2022, says a new report.
09/04/2013
HSBC launches Range of RMB Products For Customers in the Region
HSBC Bank Middle East Limited is giving its customers the opportunity to connect to China with the launch of a series of Renminbi (RMB) deposit accounts.
09/01/2013
UAE banks cash in on growing Chinese market
Statistics show that the UAE is home to about 5,000 Chinese-run enterprises and attracts thousands of visitors from China every year
09/01/2013
Ashmore launches Turkish equity SICAV
The group has been a long-term investor in Turkish equities and in 2008 launched a Turkish venture, Ashmore Portföy, one of its first domestic asset management ventures.
09/01/2013
DIFC says open to tie-ups with Abu Dhabi
He added that there was a “pattern” for the two financial free zones to work together.
08/31/2013
UAE Exchange Wins Awards
Global Banking and Finance Review is an online portal, which has evolved from the growing need to have a more balanced view.
08/28/2013
Middle East Investors Drive European Real Esate Market
Investors from the Middle East increased investment activity, accounting for 9 percent of the entire market and 21 percent of cross-border transactions in H1 2013.
08/19/2013
Dubai’s gold trade waits on India windfall
UAE’s gold and jewellery trade aims to be a direct beneficiary as India imposes further controls on domestic consumption of the metal in all its forms.
08/18/2013
GCC insurance industry to reach $40bn by 2017
The lack of awareness and the transient nature of expatriates are key factors linked to the very low levels of insurance penetration.
08/17/2013
Dubai’s Leeds Utd Owner Sells More Than Half Stake
GFH, which had already booked a $10.4 million profit on the Leeds deal in its 2012 financial statement
08/09/2013
Dubai bonds defy IMF’s warning on realty bubble
The IMF urged Dubai to consider levying higher charges on real estate to generate more revenue and prevent the industry from “overheating”