Kuwaiti company appoints wealth head
Kuwait Finance and Investment Company (KFIC) appointed Thamer Ali Al-Tahous as the Head of Wealth Management Department in the Assets…
Wealth and Asset Management
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Rich get richer but give less to philanthropy
Even as the rich are getting richer - by as much as US$1 trillion, up 18.5% from a year ago,…
EFG-Hermes sells 19% Damas stake for $150 million
The private equity arm of Egyptian investment bank EFG-Hermes has sold its 19 per cent stake in jeweller Damas International…
Standard Chartered mulls selling divisions
Standard Chartered bank is seeking to sell about six units in Asia, Europe and the Middle East, the Wall Street…
Orhan Osmansoy joins Global as CEO, Special Situations Asset Management
Osmansoy has over 20 years of experience in the fields of private equity, corporate finance and activist investing. He…
In Saudi Arabia, a Rarity – a Female Investment Bank CEO
NCB Capital , a major Saudi investment bank and the Kingdom's "largest asset manager," has appointed Sarah Al-Suhaimi as CEO…
Over half of Saudi customers have complete trust in their financial services provider
Customers in KSA have a high degree of trust in their primary financial service providers (PFSP), higher than seen globally,…
Nedbank sees opportunities in inclusive private banking
If you thought private banking is meant only for those who have a few of millions of dollars to spare,…
Middle East leads 2013 luxury shopping with EUR 1,400 per capita spending, says Bain & Company
The number of luxury consumers worldwide has more than tripled over the past 20 years, from roughly 90 million in…
Multi-asset a favoured asset class for Middle East intermediaries
The positive outlook for global economic growth has increased in the last year among Middle East intermediaries, according to the…
NCB wins Euromoney award for ‘Best Private Banking’ in Saudi Arabia
The National Commercial Bank (NCB) won the award of “Best Private Bank for High Net Worth II Customers in Saudi…
Bahrain : World Class Performance
Bahrain has maintained its 2013 global performance, ranking fourth in the world for ease of dealing with construction permits. …