StanChart Says Foreign Banks Struggle to Compete in Saudi
Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to…
Wealth and Asset Management
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Number of millionaires in Turkey increases
Some 70,714 Turkish citizens have over one million Turkish liras on their accounts, Anadolu news agency said Aug. 15 citing…
Wealth Management’s Profitless Boom Time by Phil Banas
The fundamentals underpinning the wealth management industry are excellent. The long-time underperforming developed economies have at last been showing signs…
Standard Chartered blames lower profits to margin compression
Standard Chartered Bank on Tuesday attributed decline in its UAE profits to heightened competition and margin compression in all major…
Standard Chartered points to rising competition as margins tighten
Competition in the country’s banking sector is intensifying, particularly when it comes to trade finance, according to the UAE chief…
Bahrain's Al Baraka State-backed Royal Bank of Scotland is preparing to offload the international arm of its private bank
Bahrain's Al Baraka State-backed Royal Bank of Scotland is preparing to offload the international arm of its private bank, separating…
Royalty Rules On Wealth-X’s Middle East Rich List
Prince Alwaleed bin Talal tops Wealth-X’s Middle East Rich List with an estimated net worth of US$30 billion, ahead of…
Banking On Technology
Banks in the GCC are leveraging the latest technologies to keep pace with a customer base whose members are increasingly…
Standard Chartered’s first-half UAE profit declines
Standard Chartered on Wednesday reported a $35 million (Dh128.6 million) decline in it UAE operating profits to $289 million as…
HDFC Bank's DIFC branch to target high networth non-resident Indians
HDFC Bank Ltd, India’s second-largest private sector lender, announced on Monday the opening of its third overseas branch at Dubai…
Evolution of Luxury: New Affluent Seek Rich Experiences over Material Wealth
The affluent in Asia/Pacific, Middle East & Africa (APMEA) are increasingly seeking out rich experiences over ownership of opulent material…
Foreign investments in GCC slumps by 14.6 in 2013 — report
The foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) states dropped by 14.6 percent in 2014, said Tuesday…