Former Morgan Stanley banker sets up financial advisory firm in Dubai
After a 16-year career at Morgan Stanley Lebanese-born banker May Nasrallah detected a gap in the Middle East market for…
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Saudi CMA expected to start cross-listing foreign firms in 2013
Saudi Capital Markets Authority (CMA) unveiled plans to start cross-listing foreign companies on its exchange (Tadawul) within a year, focusing…
Bofa-ML study bullish over Dubai property
A strong growth in population, realistic targets for job creation and excellent existing infrastructure make Dubai real estate a worthwhile…
UAE cenbank confirms Barclays to leave rate-setting panel
The United Arab Emirates central bank confirmed Barclays has asked to withdraw from the country's interbank lending rate-setting panel, and…
Islamic Financial Services on Rise, but Private Banks Lag
As demand for financial products and services that comply with Islamic law has grown in recent years, retail banks have…
Rich to lose half their wealth by 2014
"Massive wealth destruction coming," warns Hong Kong economist Marc Faber, one of many "Dr. Dooms" we've featured over the years.…
Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report
In its fourth annual analysis of global financial regulations, KPMG, the audit, tax and advisory firm, says investment managers continue…
Gulf Finance House restructures US$45 million debt
Gulf Finance House BSC, the Bahrain-based Islamic Investment Bank, announced today that it has successfully restructured the remaining debt on…
Qatar’s $4bn sukuk to ensure liquidity at the ‘least cost’
QIIB International Islamic, which was a co-manager to Qatar’s recent $4bn two-tranche sukuk, said the bond would ensure liquidity at…
Banking hub expands at The Galleries
The Galleries is firmly establishing itself as one of Dubai's fastest-growing banking hubs, with international banks now accounting for nearly…
NBO H1 net jumps 17pc
National Bank of Oman’s net profit after tax rose 17 per cent to RO 19.92 million for the six months…
The health of the global private banking industry – Research
Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms…