Swiss EFG International plans to close Dubai and Abu Dhabi offices
Swiss private bank EFG International from Zurich plans to cut workforce by 10% to 15% and to reduce its global…
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Why the banks' Africa migration will not cost UAE jobs
Word on Bank Street is the action is moving to Africa. Barclays’ announcement of it moving a key unit to…
HSBC’s Islamic unit says funds to exceed $10bn
HSBC Amanah Securities Services, part of HSBC Holdings, will more than double the value of the Islamic funds it services…
Gulf International Bank wins investment awards
Bahrain-based Gulf International Bank (GIB) has won three awards in the investment banking category of the Global Banking and Finance…
Asiamoney awards KFH Best Islamic Bank in Kuwait in 2011
Kuwait Finance House (KFH) AGM for Investment Sector Abdul Nasser Al-Subeih received the Best Islamic Bank in Kuwait in 2011…
Dubai World unit sued by US-based hedge fund
A US-based hedge fund has launched legal action against Dubai’s Drydocks World for repayment of about $45.5m after the unit…
Middle East private equity players upbeat on prospects
Representatives of the global private equity industry, who are gathered in Dubai for the SuperReturn Middle East conference, yesterday said…
DIB launches 4-year Islamic certificate
Dubai Islamic Bank (DIB) has launched the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by sharia-compliant assets.…
CBQ Q3 net profit jumps 8.7pc to $151.9m
Commercial Bank of Qatar (CBQ), the country's third largest lender by market value, reported an 8.7 percent jump in third-quarter…
HSBC to Halt U.A.E. Retail Brokerage
HSBC will stop offering brokerage services to retail investors in the United Arab Emirates and will focus on institutional clients…
Islamic finance expert joins Simmons & Simmons
Simmons & Simmons, an international law firm, has announced that Ahmed Butt has joined its Middle East financial markets practice…
GCC banks no longer offer deep value: Goldman
Gulf Cooperation Council (GCC) banks 'no longer offer deep value,' but strong balance sheets show they are better positioned to…