All Articles

Hedge Funds & Alternative Investments

Qatar backed investment manager sets up in Geneva, launches European long/short hedge fund

April 7, 2014

Aventicum Capital Management today announces the launch of its second investment business, Aventicum Alternative Equities, as the group expands its…

Read More

Executive Moves

First Gulf Bank Appoints Head of Consumer Banking Group

April 7, 2014

First Gulf Bank, one of the leading banks in the UAE, has announced that Hana Al Rostamani has been appointed…

Read More

Financial Results

Abu Dhabi Islamic Bank-Egypt reports net income of EGP 103 million

April 7, 2014

Abu Dhabi Islamic Bank (ADIB)-Egypt reported gross revenues of EGP 580 million, with an increase of EGP 190 million, up…

Read More

Investment Banking

Bahrain’s Investcorp Tie-Up Targets European Distressed Debt

April 7, 2014

Bahrain-based investment company Investcorp is seeking exposure to distressed debt in Europe through a tie-up with Eyck Capital Management, a…

Read More

Regulation, Risk & Compliance

UAE money launderers face 10 years jail and Dh500,000 fine

April 7, 2014

Abu Dhabi: New rules to strengthen the fight against money laundering are being discussed by the Federal National Council’s financial…

Read More

Islamic Finance

Middle East: Islamic Finance Flourishes

April 7, 2014

Islamic finance is going mainstream, with Western countries planning to issue their first sovereign sukuk. It still constitutes only a…

Read More

Islamic Finance

Islamic banks in CY13

April 7, 2014

Despite facing stiff competition from their conventional peers, full-fledged Islamic banks have been the movers and shakers of the domestic…

Read More

New Investment Products & Services

Federal Bank plans to open office in Dubai

April 7, 2014

Private lender Federal Bank plans to open an office in Dubai as part of its strategy to expand its global…

Read More

Fraud & Ethics

Bank manager in Dubai convicted of Dh1 million cheque scam

April 6, 2014

A financial manager who embezzled more than Dh1 million from the bank where he worked and then fled the country was…

Read More

Financial Results

Saudi Hollandi Bank Q1 Net Profit Rises 20%

April 6, 2014

The bank made a profit of 417 million riyals in the three months to March 31, according to a bourse…

Read More

Financial Results

Saudi’s Riyad Bank Q1 Net Profit Up 13.5%

April 6, 2014

The bank made 1.08 billion riyals in the three months ending March 31.   Riyad Bank, Saudi Arabia’s third-largest lender…

Read More

Awards and Recognition

Commercial Bank’s Al Waseela wins ‘Qatar equity fund of the year’ award

April 6, 2014

Commercial Bank’s Al Waseela fund has won the ‘Qatar Equity Fund of the Year’ award at the annual Mena Fund…

Read More