Qatari royal family acquires another European private bank
Qatar and Luxembourg are to buy bailed-out Dexia's private banking arm for 730 million euros ($950 million), less than analysts…
Wealth and Asset Management
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Gulf bank appoints regional private banking head
The National Bank of Abu Dhabi has appointed Ghadeer Abu Hijleh as Head of Private Banking - Abu Dhabi and…
World’s richest Arabs see wealth jump 5% in downturn
The world’s 50 richest Arabs have increased their personal wealth by nearly five percent to a combined value of $256.67bn,…
Credit Suisse to Cut Bonuses 40% This Year
Credit Suisse Group will reduce bonuses for its employees by 40 percent this year, Der Sonntag reported, citing people familiar…
Major UAE bank may take over Amlak next year
Emirates NBD, the UAE's largest bank by assets, could take over Islamic property finance company Amlak next year. This along…
Mounting debt costs to haunt Emirates NBD
The cost of covering mounting debt is expected to eat into profits at Emirates NBD for years to come, analysts…
Saudi market 'is a growth driver for GCC'
A top official of State Bank of India (SBI) is of the view that the first Indian bank in Saudi…
Kuwait snaps up former site of London stock exchange
British property group Hammerson has sold a property in London's financial district to the real estate arm of Kuwait for…
European lenders narrow loans to MENA firms
Middle East and North African companies may need to rely more on regional banks as well as bond sales to…
Middle East private banking a bright spot as deal-making suffers
A number of banks are stepping up their private banking operations in the Middle East, despite sluggish business in other…
Gulf nations filling the wealth gap in charity fundraising
Gulf countries are ramping up their global fundraising and political efforts, the CEO of charity conglomerate Oxfam said, as economic…
'Profitability of Gulf's corporate banking recovers after slowdown
Profitability of corporate banking business in the Gulf is recovering fast from the global financial turmoil, according to a recent…