Gulf clients are ‘poorly prepared’ for wealth transfer
The majority (92%) of Gulf Cooperation Council based wealth management practitioners believe high net worth clients in the region are…
Market Forecasts
2488 articles found
GFH third quarter profit climbs 23.3% on investment banking activities
GFH Financial Group, the Bahrain-based Sharia-compliant investment firm, said third quarter net income surged 23.3 per cent, boosted by its…
DP World celebrates $3.3bn listings on Nasdaq Dubai
Dubai-based global marine terminal operator DP World's group chairman and CEO, Sultan Ahmed Bin Sulayem, today rang the market-opening bell…
Abu Dhabi Islamic Bank gets approval to allow 25% foreign ownership
Abu Dhabi Islamic Bank, the UAE’s second-biggest bank complying with Muslim banking rules, said it obtained the Abu Dhabi Executive…
UAE cenbank governor expects 2.8 pct GDP growth this year
The United Arab Emirates central bank expects gross domestic product to grow by 2.8 percent in 2018, its governor said…
UAE Central Bank says economy to expand 4.2% in 2019
The UAE economy will expand 4.2 per cent next year, faster than the International Monetary Fund's estimate, as the country…
Deutsche's DWS to buy stake in Dubai-based digital investment firm
DWS Group Deutsche Bank’s asset manager, has entered into a binding agreement to acquire an equity stake of 15 percent…
Emirates Investment Bank reports financial results for the first nine months of 2018
Emirates Investment Bank has announced its financial results for the first nine months of 2018. Financial Highlights: *…
Banque Misr’s CSR contribution amounted to EGP 700m in last FY: Chairperson
Banque Misr’s contribution to social responsibility during the last fiscal year 2017/18 amounted to EGP 700m, up from EGP 30m,…
HSBC sees doubling of commercial bank’s MENA profit by 2023
China’s Belt and Road Initiative and plans by Gulf economies to diversify from oil will help HSBC to more than…
United Arab Bank announces financial results for Q3 2018
Q3 2018 Highlights AED105m Net Profit, up 111% Q3 2017. Operating Expenses decreased 4% Q3 2017. Provision for Credit…
Bank Audi consolidated activity highlights as at end-September 2018
Sustained profits growth US$ 410 million of net profits in 9M-18, increasing by 20% over the same period of…