Most UAE investors plan to adjust portfolios prior to US polls – UBS
The 2020 US election is less than a week away. According to a survey by global wealth manager UBS, 72…
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ADCB reported a net profit of $372mln in the quarter ended September 30
Abu Dhabi Commercial Bank posted a 3% drop in third-quarter profit on Wednesday as the UAE's third-biggest lender took additional…
DFM announces direct deal on Emirates Refreshments' shares
The Dubai Financial Market has announced a direct bulk deal on around 1.47 million shares of Emirates Refreshments Company at…
Firm hired to audit Lebanon central bank has not received all requested info – sources
Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit…
UAE Central Bank fines 2 exchange houses for violating rules
The UAE Central Bank on Monday said it imposed administrative sanctions on two exchange houses for violating rules pertaining to…
Family offices, ultra-high net worth individuals representing over $4.5 trillion in wealth discuss new business trends, opportunities in Dubai summit
Bringing together leading family offices and private investors from across the Middle East and around the globe, Sir Anthony Ritossa’s…
NBB reports $37.1m Q3 net profit
National Bank of Bahrain (NBB) has reported a 12.5% decrease in its net profit attributable to equity shareholders to BD14…
UAE's largest bank sees profits dip amid 'unprecedented' market conditions
First Abu Dhabi Bank (FAB), the UAE's largest lender, has reported net profits of AED2.5 billion ($682 million) for the…
Major overhaul of UAE financial services regulatory framework announced
The powers and responsibilities of the Insurance Authority in the United Arab Emirates (UAE) have been assumed by the country's…
Here’s how European private bank LLB is looking to grow in the GCC
One of the oldest financial institutions in Europe, Liechtensteinische Landesbank (LLB) has been in business for almost 160 years. …
Despite Covid-19, why is M&A booming in these regions?
During the third quarter of the year more than $1trn of M&A transactions were conducted globally, according to statistics from…
Inas Abdel Moneim named Managing Director of 138 Pyramids fund
Abdel Moneim is to spearhead the company’s service expansion, and help portfolio startups connect to corporates for further growth. …