Call for unifying accounting standards in GCC
Central Bank of Oman Executive President Hamoud bin Sangour Al Zadjali on Sunday called on the Gulf Cooperation Council (GCC)…
Wealth and Asset Management
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Arab Bank's investment arm scoops industry accolade
Global Investor Magazine recognized AB Invest, Arab Bank’s investment arm in the MENA region, as the Best Brokerage and Best…
Middle East investor closes deal for London hotels
Morgans Hotel Group Co, the operator and 50 percent owner of two luxury hotels in London, has completed the sale…
Four Credit Suisse Bankers may jump ship
VTB Capital, the investment banking unit of Russia’s second-biggest lender, may hire four Credit Suisse Group AG (CSGN) bankers in…
Dubai traders fear sanctions impact on Iran business
Iran shrugged off a fresh wave of international economic sanctions against it last week, saying they would have "no impact"…
Saudi banks measure up to Basel III standards
The Saudi banking system will not face any problem in enforcing Basel III regulatory developments and compliance requirements because the…
Lessons for the UAE from sleeping tiger's hidden capabilities
In its quest for economic diversification, social capital and wealth preservation, Abu Dhabi Economic Vision 2030 planners looked to Norway,…
UAE-based luxury developer at London’s global property awards
UAE-based luxury developer Damac Properties will represent Arabia next month in London at the world’s most prestigious real estate competition,…
UAE customers swap gold jewellery for bars
With gold prices remaining extremely volatile over the past few months, investment demand for gold has taken off even as…
Abu Dhabi slowdown a nod to UAE wealth gaps
Abu Dhabi’s move to rein in spending on major infrastructure projects could be a sign the city is redirecting funds…
Gulf banks focusing on SMEs, youth and women
Banks in the GCC, targeting a 20 per cent growth in return on equity by 2015, are in a race…
Surprise! Guess Where the World’s Most Profitable Banking Center Is…
If the global financial crisis has taught the world anything, it’s that there is massive weakness running through western banking…