Meet The World's Richest Billionaire Hedge Fund Managers
The 30th annual Forbes 400 list of billionaires is out. The number of hedge fund managers on the list jumped…
Wealth and Asset Management
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Chinese bank ICBC aims to optimize its Mideast network
One of the largest banks in the world, with $1.9 trillion in assets, is planning to increase its presence in…
IBA Group to Present New Software Services in Dubai
IBA Group, an alliance of IT companies with over 2,500 people, will present new services at the GITEX Technology Week…
Private banking: Local groups join competition to service wealthy clients
Gulf banks are trying to compete with the likes of Bank Sarasin-Alpen and Credit Suisse for private banking clients in…
NBAD looks to expandin Malaysia
National Bank of Abu Dhabi (NBAD) plans to open a Malaysian subsidiary in January and has applied for a licence…
Capital flight from Egypt and Libya hit $8 billion during Arab Spring
The Arab Spring drained more than US$8.6 billion (Dh31.58bn) in bank deposits from Egypt and Libya in the first three…
National Bank of Oman introduces new credit card
National Bank of Oman (NBO) in partnership with Visa International has introduced a new credit card, the NBO Infinite Credit…
U.S. tax-evasion probe turns to Israeli banks
The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's…
Sovereign wealth fund over mega bank?
At this year's NBAD's Global Financial Markets Islamic Forum in Abu Dhabi, I was requested to make a presentation on…
KFH dismisses dealing in financial derivatives
The Kuwait Finance House (KFH) on Saturday categorically denied reports about the bank's alleged dealing in financial derivatives. "KFH is…
HSBC lifts gold price forecast
HSBC and metals consultancy GFMS both said they see gold rising above $2,000 an ounce, citing high government debt levels…
UAE, Turkey discuss trade development
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, yesterday met with Ali Babacan, Deputy Prime Minister of Turkey.…