ANALYSIS: Does Riyadh's $70bn foreign assets withdrawal spell trouble?
Pressure from falling oil prices and the Saudi-led coalition’s war in Yemen have pushed Saudi Arabia’s central bank to withdraw…
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Simmons & Simmons hires new Corporate Partner in the Middle East
International law firm Simmons & Simmons has hired James Coleman as corporate partner in the Dubai office. Coleman has been…
Executive search firmm appoint new Country Manager
Gulfbankers Executive Search has announced that Mr. Paul O'Flynn has been appointed as a Country Manager -Bahrain. . He…
Market upheaval forcing many sovereign-wealth funds to adapt
As representatives of dozens of the world’s sovereign-wealth funds gather at Milan’s posh Hotel Principe di Savoia this week for…
'Abu Dhabi state fund may shun RHB rights issue'
Abu Dhabi state fund Aabar Investments may refuse to invest in a RM2.5 billion rights issue by RHB Capital in…
Qatar sovereign wealth fund suffers $12bn paper loss
Qatar’s sovereign wealth fund has had a quarter to forget — suffering as much as $12bn of losses on Volkswagen,…
DFSA warns of false investment bank named after an individual
The Dubai Financial Services Authority has alerted the financial services community and the public about a fraudulent scheme using false…
Dubai second-best city for expat start-ups worldwide
The UAE is among top 10 countries globally for expats while Dubai is ranked second-best city in the world after…
Islamic banks’ finances surge 78 per cent in Oman
Oman’s Islamic banks and window operations have shown a robust growth of 78 per cent in financing at OMR1,401.9 million…
Buyers from Gulf region showing increased interest in property in Turkey
Residential property sales in Turkey increased by 6.5% in August compared to the same month in 2014 and the country…
Global Islamic banking assets to grow at 9.8%, DIEDC says
An era of double-digit expansion in Islamic banking assets is set to end as the low oil price and looming…
Qatar Sovereign Fund Plans $35 Billion in US Investments
The Qatar Investment Authority ( QIA ), the sovereign wealth fund of the State of Qatar, is delighted to announce…