Abu Dhabi backs Virgin's bid for 632 Lloyds bank branches
Abu Dhabi Investment Authority has been named as an investor backing Virgin Money in its bid for 632 branches of…
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Trendiest London hotels to be bought by Middle Eastern investors
Three of London's trendiest hotels, the Sanderson, St Martins Lane and the newest, the W Hotel are set to be…
HSBC Mideast to cut 200 retail jobs in six countries
HSBC plans to cut about 200 jobs in six countries in the Middle East, some 2.3 per cent of its…
Al-Assaf sees opportunities for investors in euro crisis
The financial crisis in Europe leading to slower economic growth poses risks for Saudi Arabia’s exports, according to Finance Minister…
Insurer sues Saudi Arabia over 9/11
Saudi Arabia and some of its banks and charities bear “primary responsibility” for the 9/11 attacks by siphoning cash to…
UAE ranked in highest stage of economic development as innovation-driven economy – report
The Global Competitiveness Report 2011/2012 issued by the World Economic Forum, ranked the UAE 27th globally for competitiveness. The report…
Islamic corporate finance in focus
The Islamic corporate finance market has steadily undergone an evolution in terms of product sophistication and market reach. This is…
Arab ministers of finance ponder challenges to Arab economies
Kuwait's Minister of Finance Mustafa al-Shimali noted that today's meeting of the Arab finance ministers here reviewed the overall economic…
NBAD looks steady despite global fears
National Bank of Abu Dhabi touts its reputation as one of the safest banks in the world for retail customers.…
Oman banks to remain stable over next year, Moody's says
Banks in Oman are expected to remain stable over the next twelve to eighteen months, with higher revenues and moderate…
Combined Net Worth of Social Media Tycoons Near $100bn – study
The fortunes of social media entrepreneurs including the founder of Facebook, Mark Zuckerberg; the brains behind Zynga, Mark Pincus; and…
International law firm opens Istanbul office
The international law firm of Chadbourne & Parke has announced that it has opened an office in Istanbul. The Istanbul…