Abu Dhabi’s Falcon says close to goal of $1bn in assets
Falcon Private Bank, the Swiss bank owned by Abu Dhabi’s Aabar Investments, is close to reaching its target of $1bn…
Wealth and Asset Management
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BNY Mellon Appoints Chief Operating Officer for EMEA
He joined BNY Mellon via The Boston Company as a financial analyst in 1987. Having worked for many years in…
Citi, Saudi Family Fight Over Hedge Fund, Private Equity Losses
Citigroup is seeking to stop a nearly $400 million arbitration claim over its handling of a Saudi family's alternative investments…
UAE retail banking: has the corner been turned?
UAE local bank executives are overall bullish about 2012. But downside risks, triggered by bad news from abroad, remain. HE…
Shuaa seeks to become platform for affluent clients
Shuaa Capital’s new chief executive wants to rebuild the Dubai-based investment bank as a platform for wealthy clients across the…
Barclays supports Women in Leadership Forum
Barclays confirm their support for the 3rd Annual Women In Leadership Forum and Shamsa Bint Suhail Award for Creative Women.…
India-based bank eyes Gulf expansion
State Bank of India (SBI), which launched a range of services for the NRIs in the UAE on Tuesday, is…
Boubyan Bank announces a net profit of KD6.9m for the period till September 2011
Boubyan Bank's announced results for the first 9 months of this year (till the end of Q3) showed a net…
National Bank of Kuwait Posts Decline in Quarterly Profit
National Bank of Kuwait SAK, the country’s biggest bank, said third-quarter profit fell amid a weak operating environment. Net income…
Gulf firms line up prized assets to fund growth
Credit markets are sending a harsh message to Gulf companies slowly emerging from the global financial crisis and now seeking…
Onyx Investments seeks court ruling on Oman's Blue City
Onyx Investments, a subsidiary of Oman's sovereign wealth fund, is seeking a judgement from an Omani court that would allow…
GCC banks stronger than Western
Banks in Gulf oil producers are now in a better position than banks in the West given their large liquidity…