All Articles

Awards and Recognition

Through Tamkeen's 'Mohasabha' programme KPMG Fakhro serves more than 400 beneficiaries

February 3, 2013

KPMG Fakhro, one of the service providers for Tamkeen's 'Mohasaba' programme, has recently achieved a significant milestone of serving more…

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Fraud & Ethics

Swiss tax haven is over

February 3, 2013

Switzerland will now assist international tax authorities in disclosing information on bank accounts held by foreigners who avoid taxation at…

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Financial Results

Abu Dhabi's Waha Capital annual profit rises 38 pct

February 3, 2013

Abu Dhabi's Waha Capital said it made an annual profit of 214.4 million dirhams in 2012, up from 155.3 million…

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Hedge Funds & Alternative Investments

Dubai Group Lenders Said to Decline RBS, Standard Bank Offer

February 3, 2013

About 20 lenders to Dubai Group LLC, which is restructuring $6 billion of debt, declined an offer to receive 18.5…

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Comment & Analysis

2 Charts That Will Make Gold Bulls Furious

February 2, 2013

The anti-gold bandwagon is getting more and more crowded. Analysts Tom Kendall and Ric Deverell of Credit Suisse is out…

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Financial Results

Saudi Re returns to profit in 2012

January 31, 2013

Saudi Re posted a net profit of SAR8.98 million (US$2.67 million) after zakat and tax for the year ended 31…

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Investment Banking

FSA and SFO probe Barclays over Qatar loan – FT

January 31, 2013

The Financial Services Authority and Serious Fraud Office  are looking into an allegation that Barclays loaned Qatar money to invest…

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Fraud & Ethics

UANI Calls on London Bullion Market Association and Istanbul Gold Exchange to Take Action to Stop Iran’s Trade for Turkish Gold

January 31, 2013

On Wednesday, United Against Nuclear Iran launched its Turkey gold campaign, and called on both the London Bullion Market Association…

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Legal

Cobbetts' Saudi alliance firm in the dark over deal's future

January 31, 2013

Cobbetts’ Saudi Arabian alliance partner has been left in limbo following the Manchester firm’s decision to file notice to appoint…

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Insurance

Tamweel completes repayment of $300m Sukuk

January 31, 2013

Tamweel PJSC, the UAE Islamic home finance provider, announced that it has repaid in full a $300m five-year Sukuk, which…

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Financial Results

Emirates NBD Fourth-Quarter Profit Surges; Beats Estimates

January 31, 2013

Emirates NBD’s fourth-quarter profit quadrupled, beating analyst estimates, as loan-loss charges at the biggest United Arab Emirates bank fell and…

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Executive Moves

Gulfmena CEO and founder resigns as company shifts focus

January 31, 2013

Gulfmena Investments has announced the resignation of its chief executive and founder Haissam Arabi as it pursues a new strategy,…

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