Jadwa Investment wins three awards
Jadwa Investment has scooped three awards from globally renowned publications. It was named “Asset Manager of the Year” and “Wealth…
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Empaxis, Advent to Offer Services in the ME
Empaxis, a leading provider of high-caliber, highly customized operational services and support for asset managers and prime brokerage firms running…
Al Hilal Bank wins prestigious Islamic Award
Al Hilal Bank, a progressive Islamic bank, won as ‘Best Retail Bank (GCC)’ during the 6th edition of the prestigious…
Top Saudi bank launches RMB proposition
Saudi British Bank (SABB), an affiliate of HSBC Group, has launched a comprehensive Renminbi (RMB) proposition for its corporate customers,…
Qatari royal family acquires another European private bank
Qatar and Luxembourg are to buy bailed-out Dexia's private banking arm for 730 million euros ($950 million), less than analysts…
Million-dollar themed yachts set for wealthy Arab market
If the idea of a standard $1m luxury yacht has always struck you as too boring a symbol of wealth,…
Oman's Bank Muscat to launch Islamic banking arm
Bank Muscat, Oman's largest bank by assets, will set up a sharia-compliant banking arm, it said in a statement, becoming…
Deutsche Bank awarded Best Foreign Investment Bank in the ME and Saudi Arabia
Deutsche Bank has won EMEA Finance Magazine “Best Foreign Investment Bank in the Middle East 2011”. On top Deutsche Bank…
UAE banks are prepared for any fresh crisis: Central Bank
UAE banks have built up sufficient reserves and boosted their capital base after the 2008 global financial distress and this…
Kuwait snaps up former site of London stock exchange
British property group Hammerson has sold a property in London's financial district to the real estate arm of Kuwait for…
Saudi market 'is a growth driver for GCC'
A top official of State Bank of India (SBI) is of the view that the first Indian bank in Saudi…
Oman’s Islamic banking on growth path
Islamic banking services in the Sultanate will witness robust growth in the coming days as the central bank will develop…