Credit Suisse, UBS could cut a total 7,000 jobs
UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit…
Wealth and Asset Management
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Globaleye Launches New Website
UAE based Wealth Management Company Globaleye recently launched a brand new website to increase and rejuvenate their online presence. With…
HSBC puts £400m +++ worldwide advertising business up for review
One of the world's plum advertising accounts, with a spend of £400 million when it last changed hands in 2004,…
Saudi, UAE to see double digit growth in millionaires
Saudi Arabia and the UAE are set to see double digit growth in the number of millionaires in the next…
$20m MidEast bid for Portsmouth FC fails
A Middle East bid to takeover troubled English football club Portsmouth has failed after administrators nominated Portsmouth Supporters Trust as…
Rare Qatar-Dubai bank notes fetch $290,000
A series of rare Qatar and Dubai banknotes have sold for GBP£180,000 (US$290,000), five times higher than their pre-sale estimate,…
Wealthy Arabs buy right to live in Britain
The number of Arab millionaires investing in Britain in exchange for permanent residency has increased in the wake of the…
Abu Dhabi named one of world's 'Cities of Opportunity'
Abu Dhabi has been ranked among the world’s 'Cities of Opportunity' based on a range of key factors including…
Swiss private banking ME Co-CEO quits
Bassam Yammine, a managing director and co-chief executive of the Middle East at Credit Suisse, is resigning from his post…
Qatar cash, prospects lure top bankers to local firms
Qatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich Gulf state…
Vikram Pandit Steps Down as CEO of Citigroup
The Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Company's Chief Executive Officer…
Burgan Bank wins “Best Private Bank in Kuwait 2012”
Burgan Bank has announced that it has received the coveted "Best Private Bank in Kuwait" award by Capital Finance International,…