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…
Wealth and Asset Management
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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…
Private Banks need to adapt to changing needs of the region
Private banking land scape in the Middle East is fast changing with the rapid growth in private wealth, increased completion…
New generation wealthy wants more than wealth management
The new generation private banking customers are well educated and are highly sophisticated in their wealth management needs. Many of…
Middle East Proves a Bright Spot for HSBC
With the largest presence of any international bank in the Middle East, HSBC’s results usually serve as a good indicator…
Sovereign wealth funds eye european real estate
According to a survey by international real estate advisor Savills, sovereign wealth funds in 2013 accounted for total investment volumes…
Cash-rich Gulf banks grab top spots in region's loan market
Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms,…
Safe haven status boosts investment scope in UAE
The political situation in the region has made Dubai into a magnet for families from across the region to set…
Ajman Bank becomes the first bank in the Northern Emirates to distribute DMCC's UAE Gold Bullion Coins
DMCC, the global gateway for commodity trade and enterprise in Dubai and the region, has announced that Ajman Bank is…
American expats in UAE: Time has come for Fatca
If you are from the US then you’ve probably heard of the Foreign Account Tax Compliance Act (Fatca), but are…