EFG Hermes plans to expand asset management division after JV
Cairo-based EFG Hermes is planning to grow its asset management capabilities by 50% following the creation of a joint venture…
Market Forecasts
2488 articles found
Middle East buyers snap up luxury London homes as tensions grow
Middle Eastern buyers piled into London's luxury home market in October as they shielded their wealth from political turmoil back…
UAE investors in 'dash to cash', with emerging markets deemed too risky for many
Recent research conducted by Lloyds TSB Private Banking suggests Emirati investors are responding to on-going volatility in financial markets by…
EFG Hermes eyes Turkey, Iraq, Libya after sealing JV
Egyptian investment bank EFG Hermes aims to expand into Turkey, Iraq and Libya and plans to grow its asset management…
ADCB signs MOU with Banco Santander
Abu Dhabi Commercial Bank (ADCB) and Banco Santander, Europe’s largest bank by market capitalisation, have signed a memorandum of…
UAE's SWFs assets under management rise to $811.7 billion
Total assets under management of the UAE’s sovereign wealth funds rose to $811.7 billion in September 2012, registering an increase…
StanChart expands retail Islamic banking business in the UAE and Bahrain
Standard Chartered, which makes most of its revenue from Asia, is expanding its retail Islamic banking business in the UAE…
UAE finance sector lagging behind Finland, Ireland says WEF report
UAE - and Dubai in particular - might be synonymous with money, but according to World Economic Forum (WEF)…
Qatar banks preparing for infrastructure boom
Qatari banks are bulking up to play a role in funding the country’s massive infrastructure expansion. But in a country…
Wealth Management IT Spending: A Global Perspective
Wealth management IT spending is estimated to reach US$4.4 billion in 2012 and is expected to grow at a rate…
Islamic banking gains traction in India
The rising demand to allow Islamic banking in the country has led the Reserve Bank of India (RBI) to request…
Corp Bank seeks RBI nod to open branches in Dubai, Hong Kong
Mangalore-based public sector lender Corporation Bank is awaiting regulatory approvals to upgrade its overseas representative offices in Dubai and Hong…