Emirates NBD to take over Dubai Bank after state bailout
Dubai government will hand control of Dubai Bank to Emirates NBD, just four months after the troubled Islamic lender was…
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‘Great scope for managing assets in the Mena region
Finding great opportunity in the GCC (Gulf Cooperation Council) region in view of the huge and growing pool of…
Gulf investors could benefit from EU crisis: French lender
There are opportunities for Gulf investors to benefit from the eurozone crisis, despite the likelihood of recession by the end…
US-based turnaround and investment firm opens Bahrain office
Turnaround and investment firm Consilia Partners has opened an office in Bahrain in a move to better serve its growing…
Top Belgium-based bank to sell private banking unit to Qatari investor
KBC Groep NV, Belgium’s biggest bank and insurer by market value, agreed to sell its private-banking unit to a Qatari…
Taib Bank joins Bahrain Financial Exchange as Trading Member
The Bahrain Financial Exchange has announce that Taib Bank has become a Trading Member of the BFX. The membership will…
BIBF Launches ‘Fundamentals of Risk Management’ programme in collaboration with CBB
BIBF’s Fundamentals of Risk Management programme has been developed in collaboration with the Central Bank of Bahrain (CBB) to offer…
Barclays stake was 'wrong decision', says Al Habtoor
The chairman of Dubai’s Habtoor Group, which bought into British lender Barclays in 2008, has said he would never invest…
UAE has largest Arab banking system
The UAE maintained its position as having the largest banking sector in the Arab world for the third consecutive year…
Forum to deliberate on Mideast family business practices
The International Institute for Family Enterprises (IIFE) will be hosting ‘the Owners Forum Middle East’ at the Al Bustan Palace…
Investment bank income in Middle East at seven-year low
According to data by Dealogic, investment banking revenues in the Middle East fell to the lowest level since 2004 in…
Amana Capital appoints Chief Market Strategist
Amana Capital has appointed Mr Noor Eldeen Al-Hammoury as Chief Market Strategist. Noor will lead the analysis for major currency…