09/16/2012
Shareholders of EFG Hermes Holding S.A.E. meeting today in Cairo in an Extraordinary General Meeting overwhelmingly approved the firm's strategic alliance with QInvest LLC of Qatar by a majority of 86.9% of the votes cast.
09/16/2012
READ has recently received the approval of the Ministry of Trade and Commerce as a certified appraiser attributable to the accumulated experience of the Division's technical team, in addition to the credibility and confidentiality of dealing with cus
09/16/2012
Business is now going to be shifted to the joint venture entity.
09/16/2012
However, spending in 2012 is budgeted to rise only slowly
09/16/2012
Essdar's previous shareholders included members of Abu Dhabi's ruling family, sovereign wealth funds and other institutional investors. No financial details of the transaction was provided.
09/16/2012
Qatar First Investment Bank (QFIB) has acquired two properties in central London, The Leinster Inn Hotel at Leinster Square and Westbourne House, Westbourne Grove, the company said in a statement.
09/15/2012
This week marks the launch of Social Business Week 2012, an event organized by the Family Bank, the Middle East's first Islamic microfinance bank, in collaboration with the Grameen Creative Lab.
09/13/2012
It provides wealth management, financial engineering, and advisory services in addition to a competitive package of online and offline brokerage services in terms of pricing, fees, execution, and support. Working with a wide range of individual and instit
09/13/2012
"Before, the pricing they could get from international relationship banks meant they didn't have to expand too far from them, but now they are looking at other sources," said a second source, whose bank joined the transaction.
09/13/2012
Jordan’s once booming real estate sector is struggling under political and economic uncertainty while, citing the crisis in neighboring Syria, investors and bankers are predicting difficult times.
09/12/2012
The Central Bank said that the UAE’s banking sector had learned lessons from property crashes such as in the US in the 1980s and Japan and Sweden in 1990s, which had helped it contain its own property crisis, which hit in 2008-2009.
09/09/2012
Dubai International Financial Centre has updated the market today on its continuous positive performance throughout the first half of 2012.
09/09/2012
Middle East investors have lodged a dramatic $20m bid to take over troubled football club Portsmouth, Arabian Business can reveal.
09/06/2012
The paper quoted a source at Leeds United as saying the offer from the Middle East was “still there”, but that the prospective new owners were losing patience.
09/05/2012
Doug Morgan, president of SunGard’s institutional asset management business discuss the top trends affecting the fund management industry in 2012
09/05/2012
The firm declined to disclose the monetary value of the deal. It is not yet considering seeking a seat on the bank's board because the term of the current board has yet to expire, Foursan's vice-president Jameel Anz told Reuters.
09/04/2012
Alpen also operates a financial advisory and consultancy firm in India called Sarasin Alpen India, a subsidiary of the Swiss private bank, Bank Sarasin.
09/04/2012
Dubai Group Sigorta was formed in 2008.
09/04/2012
The firm will act as the manager of the fund, while UK-based investment manager Solo Capital will retain an advisory role. Morgan Stanley has been appointed as prime broker, while Apex will act as the fund administrator.
09/02/2012
The value of stocks bought by foreign investors during this month reached Dhs1.134bn comprising 50.7% of the total traded value.