UAE lenders cut loan-loss provisions by 13% in 2012
UAE banks significantly reduced existing high provisioning levels by 13 per cent, while at a collective GCC level, provisions for…
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NASDAQ Dubai welcomes $750m Emirates NBD bond to its market
NASDAQ Dubai, the Middle East’s international financial exchange, welcomed the listing on Sunday of a $750 million (Dh2.7 billion) conventional…
Reserves rule 'will hit smaller banks'
International regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle…
Why asset managers should embrace mobile technology
The pressure on the MENA funds industry has never been greater. Managers are facing intense competition, battling with higher costs…
KAMCO announces its financial results for the year 2012
KIPCO Asset Management Company - KAMCO, announces its financial results for the year ending on 31 December 2012. KAMCO posted…
DIFC bares new code for legal practices
The DIFC Courts, Dubai’s established English language, commercial common-law judicial system, recently announced the introduction of the new “Code of…
UAE to benefit from Cyprus crisis, with increase in capital inflows into region
The financial turmoil in Cyprus will further boost the capital inflows into the UAE or the rest of the Middle…
Credit Suisse will buy Dubai wealth unit of Morgan Stanley
Switzerland's second-largest bank will buy Morgan Stanley's regional wealth management business in a deal expected to be finalised by the…
Wealthy in emerging markets: Africa, Central & Eastern Europe, Middle East – RESEARCH
"Emerging Markets: Africa, Central & Eastern Europe, Middle East—Joining the Global Ranks of Wealth Creators," the third in a series…
New Board appointed for Bahrain Association of Banks
The Bahrain Association of Banks has announced the appointment of a new Board of Directors at its Annual General Meeting…
Emirates NBD named 'Best Retail Bank in the UAE'
Emirates NBD has announced that it had been named the "Best Retail Bank in the UAE" by the Asian Banker…
BNP Paribas REIM looks to Asia, Mid East investors
BNP Paribas Real Estate is expanding investment management, seeking investing institutions particularly in Asia and Middle East looking to benefit…