Abu Dhabi kicks off £1.6bn bidding war for Claridges
A trio of London’s best-known hotels are facing a bidding war after a Middle Eastern sovereign wealth fund made a…
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Dubai IPO Flops No Deterrent as Daman Plans Sale in Weeks
Daman Investments PSC, a Dubai-based fund manager, plans an initial public offering within weeks even after recent sales in the…
Blominvest Saudi Arabia net profit surges 16%
Blominvest Saudi Arabia, an investment company specialized in asset management, financial advisory services and private equity investments licensed by the…
KFH-Bahrain launches new service
Kuwait Finance House Bahrain yesterday announced the launch of its wealth management department offering new premium investment and asset management…
Strong provisioning and recoveries to boost CBD profits
Commercial Bank of Dubai marked the sixth consecutive year of profit growth last year with a 19 per cent growth…
NBAD plans makeover for Egyptian branch network
National Bank of Abu Dhabi plans to overhaul its branch network in Egypt in a bid to drum up more…
Eiffel Management Limited acquires DIB stake in Emirates REIT Manager
Emirates REIT has nnounced that Eiffel Management has acquired Dubai Islamic Bank 's 25% stake in Emirates REIT Management (Private)…
A.M. Best on the new UAE insurance regulations
The Insurance Authority (IA) of the United Arab Emirates (UAE) recently issued its new Financial Regulations to Traditional and Takaful…
BLOMINVEST Saudi Arabia net profit surges 16%
BLOMINVEST Saudi Arabia , an investment company specialized in asset management, financial advisory services and private equity investments licensed by…
UGB records income for 2014 of $169.1 million
UGB’s profit attributable to shareholders of the parent for 2014 increased to $18.8 million compared to $2.6 million in 2013,…
Qatar buys prime Milan property
Qatar’s sovereign fund has taken control of one of Italy’s prime business areas after buying out other shareholders. Property…
ABC group net profit rises 7pc
Arab Banking Corporation's (ABC) consolidated group net profit for 2014 rose seven per cent to $256 million, when compared with…