Europe's EBRD in talks on co-investments with Gulf sovereign funds
The European Bank for Reconstruction and Development is in talks with Gulf sovereign wealth funds to invest jointly, and hopes…
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Abu Dhabi’s new $125 billion sovereign fund takes shape
Abu Dhabi is close to finalizing the merger of two of its largest sovereign wealth funds—Mubadala Development Co. PJSC and…
Large UAE banks' post solid Q4 profitability supported by stable core income
In Q4 2016, the five largest banks in the United Arab Emirates Emirates NBD PJSC, National Bank of Abu Dhabi,…
Tahir eyes StanChart''s Permata stake
Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank…
Qatar Shareholder Leaves Credit Suisse Board
Three Credit Suisse board members won't stand for re-election in April. Among them: the representative of Qatar, the…
Geneva Private Banker to Advise the World's Biggest State Fund
The investment boss of a small private bank in Geneva has found a new job in the Middle East. His…
Barwa Bank posts 2016 net profit of QR738.8mn
Barwa Bank has reported a net profit of QR738.8mn, while earnings-per-share rose to QR2.49 in 2016. The bank –…
GCC countries to implement VAT in January 2018
Along with the UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain will adopt the new tax which will act as…
Mohammed attends launch of World Bank’s global education platform
In the presence of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
The National Bank of Abu Dhabi Introduces Real-Time Cross-Border Blockchain Payments
The National Bank of Abu Dhabi is pleased to be the first Middle East bank to introduce real-time cross-border payments…
Merger of NBAD, FGB to take effect on 1st April
The merger of the National Bank of Abu Dhabi and First Gulf Bank will be announced on 1st April, while…
Emirates Islamic posts $26.86m profit
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million $28.86…