Struggling Dubai Bank is taken over by larger rival
Dubai's ruler has ordered the city state's biggest lender by assets to take control of a troubled rival. Emirates NBD's…
Wealth and Asset Management
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Qatar royal family swoop on Belgian, Luxembourg banks
Qatar’s royal family is stepping up its investment in the euro zone’s troubled banking sector with plans to buy private…
Merrill Lynch wealth management strengthens Middle East team with three new hires
Merrill Lynch Wealth Management today announces that it has further strengthened its wealth management business in the Middle East with…
GCC banks are stronger than Western banks
Banks in Gulf oil producers are now in a better position than banks in the West given their large…
‘Great scope for managing assets in the Mena region
Finding great opportunity in the GCC (Gulf Cooperation Council) region in view of the huge and growing pool of…
Gulf investors could benefit from EU crisis: French lender
There are opportunities for Gulf investors to benefit from the eurozone crisis, despite the likelihood of recession by the end…
Top Belgium-based bank to sell private banking unit to Qatari investor
KBC Groep NV, Belgium’s biggest bank and insurer by market value, agreed to sell its private-banking unit to a Qatari…
Barclays stake was 'wrong decision', says Al Habtoor
The chairman of Dubai’s Habtoor Group, which bought into British lender Barclays in 2008, has said he would never invest…
UAE has largest Arab banking system
The UAE maintained its position as having the largest banking sector in the Arab world for the third consecutive year…
Forum to deliberate on Mideast family business practices
The International Institute for Family Enterprises (IIFE) will be hosting ‘the Owners Forum Middle East’ at the Al Bustan Palace…
Saudi Arabia: Leaked cable reveals how royals get rich
A secret cable sent from the US Embassy in Riyadh, Saudi Arabia, in 1996, released by WikiLeaks, provides an in-depth…
Barclays stake was 'wrong decision', says Al Habtoor
The chairman of Dubai’s Habtoor Group, which bought into British lender Barclays in 2008, has said he would never invest…