Bahrain's Investcorp H1 net income falls 30 pct
Bahrain-based alternative investment fund Investcorp posted a 30 percent decrease in first-half net profit on Thursday. Profit fell to…
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Abu Dhabi fund Mubadala opposes Witkoff’s bid to lead sale of Low’s Park Lane stake
Mubadala Development, an Abu Dhabi sovereign-wealth fund which owns a stake in the Park Lane Hotel conversion, is opposed to…
A right royal play for Aussie fashion stable
THE Qatari Royal Family, owner of British department store Harrods, has turned its attention to Australia. It has lobbed…
Deutsche Bank's Israel CEO detained over alleged tax fraud
Boaz Schwartz, Deutsche Bank’s chief executive officer in Israel, was detained over alleged value-added-tax violations involving the company’s clients, the…
Abu Dhabi’s foresight pays off in London as Mayfair squares return to glory
Abu Dhabi’s prescience looks set to be well rewarded with two of central London’s one-time luxury property hotspots on the…
ICD's performance makes case for 10-year Saudi sukuk
A strong performance by $1 billion of 10-year Islamic bonds from a Dubai sovereign fund suggests investors are being driven…
Boutique bank Moelis wins advisory role of its life
Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco on what is expected to…
Private Banks Seize on Innovative Ideas to Win Customers
Private banks in Iran have started to embrace innovative technologies more than ever, striving to address major issues on their…
Foreign banks, wealth funds eye cooperation with Turkish wealth fund: Turkish finance minister
Foreign banks and sovereign wealth funds are interested in working with Turkey's newly formed wealth fund, which is likely to…
Initiative announced to explore Blockchain based trade finance and logistics solution in Dubai
A new Blockchain initiative has been launched through a collaboration between IBM and Dubai Customs and Dubai Trade, a government…
Dubai’s oldest bank is anything but archaic inside
The digital head of Mashreq, the UAE's oldest private bank, tells Computer Weekly about his role as half banker, half…
Chairman leads deal to buy stake in Arab Bank for $1.12 bln
A consortium of Arab and Jordanian investors led by Arab Bank Chairman Sabih al Masri has bought a 20 percent…