Israel mulls tax on luxury homes and cars
The Ministry of Finance is preparing an alternative to the wealth tax - a 2% surtax on incomes from labor…
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Crises, new markets shift Gulf investment flows
In July, as a political dispute in Washington threatened to cause a US debt default, the central bank of the…
Revealed: bankers' secret meetings with ministers
The full scale of big banks' lobbying of the Chancellor, George Osborne, to get him to water down banking reforms…
Turkey's Albaraka postpones sukuk issue
The Turkish unit of Bahrain's Albaraka Banking Group said it had postponed a planned issue of Islamic bonds, saying the…
JSE selects Fixnetix as the UK point of presence and network provider
The Johannesburg Stock Exchange (JSE) and Fixnetix announced today that the exchange has chosen Fixnetix as the provider of the…
New move to spur GCC debt capital markets
The Gulf Bond and Sukuk Association (GBSA), the industry group representing the Arabian Gulf debt capital market, has released a…
Bank Sarasin-Alpen recognised as the "Best Islamic Wealth Manager"
Bank Sarasin-Alpen won the Best Islamic Wealth Manager award at the Islamic Business and Finance Awards 2011 organized by CPI…
Maybank, Gulf Intl arrange $2.27 bln loan for Binladin
The investment banking arm of Malayan Banking Bhd and Bahrain's Gulf International Bank have arranged an 8.5 billion Saudi riyal($2.27…
Lending in UAE unlikely to regain thrust in near term
Lending in the UAE is not likely to regain momentum in the near future, and there will not be any…
'Profitability of Gulf's corporate banking recovers after slowdown
Profitability of corporate banking business in the Gulf is recovering fast from the global financial turmoil, according to a recent…
Gulf nations filling the wealth gap in charity fundraising
Gulf countries are ramping up their global fundraising and political efforts, the CEO of charity conglomerate Oxfam said, as economic…
Middle East private banking a bright spot as deal-making suffers
A number of banks are stepping up their private banking operations in the Middle East, despite sluggish business in other…