10/26/2013
Middle East demand for contemporary art on the rise
Christie’s highest valued lot has a base price of between $3 and $4 million
Alternative Investments
10/25/2013
Dubai property: Bubble fears played down by Goldman Sachs’ renewed interest
Goldman Sachs’ renewed interest in the UAE’s equity markets and Dubai property stocks is creating a buzz.
10/25/2013
Al Omaniya posts RO 4m profit for Q3
The company made a profit after tax of RO 4063K as compared to RO 3693K in the same period last year, resulting in a growth of 10.02 per cent.
10/22/2013
Oman Shuns Hedge Funds as Sovereign Investor Targets Equities
Sovereign funds in the six-nation Gulf Cooperation Council, such as the Abu Dhabi Investment Authority
10/19/2013
Dubai Investments’ pioneering models across diversified sectors achieve strong growth
DI has registered fast-paced growth across four focus industry sectors
10/19/2013
Falcon Insurance Signs Deal With Bank Muscat
Falcon Insurance Company and bank muscat have signed an agreement to provide life insurance cover to all customers availing consumer loans from the flagship financial services provider in the sultanate.
10/16/2013
Generali Redefines Regions, Adds Two
Italian insurer Generali has added Latin America and EMEA as regions as its redefines its geographical structure
10/13/2013
New Finance Head joins Citi EMEA
Harvey will report to Mark Harrison, Billy Macaluso and Andres Recoder.
10/13/2013
Standard Chartered picks up UAE mandate
Standard Chartered has picked up a custody and fund administration mandate with Al Mal Capital
10/12/2013
Private equity firms in Arabian Gulf eye Egypt acquisitions
The most populous country in North Africa, Egypt was rocked by civil uprisings in January 2011 that toppled the president Hosni Mubarak after three decades of authoritarian rule.
10/09/2013
Alibaba's takeover of Tianhong to reshape online finance
This will make Tianhong the country's largest fund management company in terms of registered capital, surpassing that of China Asset Management Co., currently the largest with registered capital of 238 million yuan.
10/06/2013
Zurich Int’l Life splits banking distribution channels in Middle East
Zurich International Life in the Middle East has split its bank distribution division
10/03/2013
Private Banking Special: Arnaud Leclercq, Lombard Odier
Lombard Odier plans to increase its assets in the Middle East to 20 per cent of its global business by the end of 2017.
10/01/2013
UAE investors look east as growth of developed economies slows, HSBC says
Retail investors in the UAE are increasingly looking to Asian markets to park their cash.
10/01/2013
Qatar Holding becomes sole owner of Qatar Exchange
Qatar Holding, the investment arm of the country's sovereign wealth fund Qatar Investment Authority (QIA), has bought NYSE Euronext's 12 percent stake in the Qatar Exchange, the Doha-based bourse said in a statement on Tuesday.
09/30/2013
Qatar Wealth Fund Buys NYSE Euronext’s Stake in Local Bourse
The sale comes after achieving all the “strategic goals” identified for the exchange when NYSE bought a 20 percent stake in June 2009, according to an e-mailed statement today from the two companies.
09/29/2013
Fund managers may withdraw some funds from Dubai
Saudi Arabia likely to be the beneficiary as funds set to invest more in the Kingdom
09/28/2013
Bahrain's Arcapita eyes new investments after first Gulf Chapter 11
The Islamic investment firm emerged from Chapter 11 on Sept. 17 after seeking court protection in March 2012 under hedge fund pressure ahead of the repayment of a $1.1 billion Islamic loan.
09/27/2013
Napier Park Global Capital opens office in DIFC
Napier Park Global Capital 'Napier Park', a global alternative asset management firm, announced today that it has expanded its business operations into the UAE and is opening an office at the Dubai International Financial Centre
09/27/2013
Bank Muscat wins Wells Fargo award for fund transfer
Bank Muscat, the flagship financial services provider in the Sultanate, has won an award from Wells Fargo bank for outstanding performance in dollar denominated fund transfer and commercial payments. Abdullah al Hinai, DGM