PE firm buys 6.6 pct of Jordan Dubai Islamic Bank
Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it…
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Wealth-X Launches Salesforce App Enabling CRM Access to Over 90,000 Global UHNW Individuals
Wealth-X has launched its Wealth-X for Salesforce application. Wealth-X for Salesforce is now available directly from the AppExchange. …
Germany could get first Islamic Bank
Bank Kuveyt Türk, based in Instanbul, plans to set up the first Islamic bank in Germany next year to tap…
UK fails to freeze Mubarak-era assets
One of the driving factors of the Egyptian Revolution was the widespread belief that Hosni Mubarak and his inner…
Qatar National Bank benefitting from Arab uprisings, expanding Middle East operations
Qatar National Bank is taking advantage of European banks’ downsizing by extending its Middle East reach through acquisitions, a…
SunGard identifies ten asset management trends affecting the fund management industry
Martin Boyd, president of SunGard’s asset management business said, “The lines between institutional asset managers and alternative investors are…
Noor Islamic Bank looks East
Dubai-based Noor Islamic Bank is turning to the East, as it seeks to expand its international footprint beyond the Middle…
Bankers top UAE salary scale – study
Despite media and political concerns in the US and Europe over bankers’ bonuses and salaries, the sector continues to dominate…
GulfMena to launch DIFC-based fund with Solo Capital
GulfMena and Solo Capital are launching a new DIFC-based hedge fund, targeting annualised returns of over 20%, Mena FM can…
Foreign banks in Iran face risk of US penalties
For years, the United States struggled to get foreign bankers to comply with its effort to throttle Iran's economy -…
Ex-Goldman Banker Managing Nigeria Fund Targets Spending
Uche Orji, the former Goldman Sachs Group Inc. (GS) and UBS AG (UBSN) banker named to lead Nigeria’s sovereign wealth…
UAE job cuts in H1 2012: Banking on escaping the pain
As global financial companies cut thousands of banking and trading jobs across the world, UAE employees escaped major pain in…