Global professional services company names EMEA investment head
Global professional services company Towers Watson has announced that Ed Francis has been appointed EMEA head of the company’s Investment…
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Saudi Fransi Capital wins award in Dubai
Saudi Fransi Capital, a major investment company in Saudi Arabia, has been named the Best Local Investment Bank in Saudi…
UAE banks want home buyers to disclose source of money used for down payment
Homebuyers in the UAE are being asked by banks to reveal the source of income for the money that will…
Central Bank chief warns Basel III capital rules could curb SME growth
The Central Bank governor yesterday warned that Basel III banking rules could curb the growth of small and medium-sized business…
QIB wins 3 awards from Islamic Finance News
Qatar Islamic Bank (QIB) took home three awards from the Islamic Finance News (IFN), it was announced. Based on…
Zurich Int’l Life chief marketing officer in Dubai
Zurich International Life has appointed a Dubai based chief marketing officer. Yusuf Jehangir will be responsible for strengthening Zurich’s…
30% of customers to go digital: Emirates NBD
Emirates NBD is looking to increase the number of its internet and mobile banking customers by 4 per cent this…
Egypt lifts ban on brokerage firms trading foreign stocks
Egypt's financial regulator, as part of a broader effort to invigorate the country's financial markets, has lifted a ban on…
EFG-Hermes sells 19% Damas stake for $150 million
The private equity arm of Egyptian investment bank EFG-Hermes has sold its 19 per cent stake in jeweller Damas International…
Veteran Saudi central banker to head Arab Monetary Fund
The Arab Monetary Fund (AMF) has appointed former Saudi central banker Abdulrahman bin Abdullah al Hamidy as director general and…
Rich get richer but give less to philanthropy
Even as the rich are getting richer - by as much as US$1 trillion, up 18.5% from a year ago,…
Japanese banks to handle Iran’s food and medicine transactions
Three major banks in Japan have announced readiness to handle transactions related to Iran’s food and medicine trade, the Central…