Articles - Managers of Wealth Middle East

Financial Results

Baker McKenzie law firm advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings

February 13, 2017

Baker McKenzie advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab…

Comment & Analysis

Dubai's troubled Arabtec working with boutique investment bank Moelis -sources

February 13, 2017

Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company's capital structure,…

Islamic Finance

Warba Bank plans to support investments with Islamic solutions

February 13, 2017

Warba Bank plans to support the companies' and investment sectors with Islamic innovations, said Shaheen AlGhanim, the bank CEO on…

Comment & Analysis

Fast Facts on Dubai Islamic Bank’s USD1bn Senior Sukuk Issuance

February 13, 2017

Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The…

FinTech

Al Ghurair International Exchange launches IMPS service for Indian customers in UAE

February 13, 2017

Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the immediate…

Investment Banking

Consortium acquires billion dollar stake in Arab Bank Group

February 13, 2017

Led by Arab Bank Chairman, Sabih al Masri, a consortium of investors bought a 20 per cent stake in Arab…

Sovereign wealth

Turkey transfers state assets to sovereign fund

February 12, 2017

The Turkish government has ordered the transfer of tens of billions of dollars worth of state assets to a sovereign…

Financial Results

60 years bodes well for ibq

February 12, 2017

International Bank of Qatar (ibq)’s net profit for the year ended 31 December 2016 was at QAR 500.3 million, an…

Regulation, Risk & Compliance

UAE resident alert: 5% VAT is officially coming by Jan 1, 2018

February 12, 2017

Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start…

FinTech

Turkish hacker behind $45m Oman, UAE cyber heists gets 8 years

February 12, 2017

A Turkish hacker has been sentenced to eight years in a US prison for his role as one the masterminds…

Comment & Analysis

Cadillac V-Series on the track in Dubai

February 12, 2017

Christian Soemmer, managing director Cadillac Middle East, has confirmed that Escalade contributes up to half the sales of Cadillac in…

Comment & Analysis

UAE nets $2.1bn revenue from e-Dirham in 2016

February 12, 2017

The UAE ministry of finance has collected Dh7.84 billion, $2.13 billion government revenue through e-Dirham payment gateway in 2016. …

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Baker McKenzie law firm advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings

Dubai's troubled Arabtec working with boutique investment bank Moelis -sources

Warba Bank plans to support investments with Islamic solutions

Fast Facts on Dubai Islamic Bank’s USD1bn Senior Sukuk Issuance

Al Ghurair International Exchange launches IMPS service for Indian customers in UAE

Consortium acquires billion dollar stake in Arab Bank Group

Turkey transfers state assets to sovereign fund

60 years bodes well for ibq

UAE resident alert: 5% VAT is officially coming by Jan 1, 2018

Turkish hacker behind $45m Oman, UAE cyber heists gets 8 years

Cadillac V-Series on the track in Dubai

UAE nets $2.1bn revenue from e-Dirham in 2016

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