Market focus: Abu Dhabi
The region's thriving asset management sector saw a further addition towards the end of last year with the launch of…
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RINA Services expands in Middle East luxury mega yachts
DUBAI, classed as a luxury mega yacht, is 162m long; designed by Winch Design and will sail under the UAE…
Jabal Omar appoints Yasser Al-Sherif as CEO
Saudi Arabia's Jabal Omar Development has appointed Yasser Al-Sherif as its new chief executive, the firm said in a statement…
World's super-rich population fell in 2015, says Knight Frank
The world's super-rich population got smaller in 2015 for the first time in seven years, as the mega-wealthy took hits…
Bank credit to KSA private sector remains resilient
Bank credit to the Saudi private sector remained resilient in January, according to a report. In January, bank credit…
More than $1bn deposited in Malaysian prime minister's account – report
Wall Street Journal identifies further deposits into private account of Najib Razak, far more than $681m – reportedly a Saudi…
Meet The Richest Billionaires In The Middle East
The Middle East is home to 72 of the world’s richest people, worth a combined $174.8 billion. Like much of…
Investment banking arm of Qatar's Barwa scours Turkey for deals -acting CEO
The investment banking arm of Qatar's Barwa Bank is looking for investments in Turkey, in sectors ranging from real estate…
Demand for Islamic wealth management keeps growing
Growing demand for assetbased investments in times of fiscal insecurity in major economies in the world and the fact that…
S'pore, Iran ink bilateral treaty on investment
Singapore has moved quickly to sign an investment treaty with oil-rich Iran to support Singapore firms investing in an economy…
Mideast online retailer Souq.com raises $275 million from investors: Reuters
Middle Eastern online retailer Souq.com has raised $275 million from a funding round with investors to support its future growth,…
S&P: profit and loss sharing may begin gaining ground in Islamic finance
Islamic banks might be inching closer to applying the principle of profit and loss sharing, says Standard & Poor's Ratings…