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…
Wealth and Asset Management
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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.…
Qatar Shows Faith in Europe
The decision in late August by Qatari investors to inject €500 million into the creation of Eurobank EFG in Greece…
JPMorgan expanding private banking in Gulf
JPMorgan is expanding its private banking operations in the Middle East as it attempts to tap into rapidly growing Gulf…
INTERVIEW: Qatar Central Bank To Keep Riyal Pegged To US Dollar
Qatar is confident it can keep inflationary pressures contained while maintaining its longstanding currency peg to the U.S. dollar despite…
Iran hit by massive $2.6 bn banking scam
Several Iranian banks have been targeted in one of the biggest frauds in the Islamic republic's history, losing nearly $2.6…
Nakheel wrote off $21.4bn after Dubai property crash
Nakheel, Dubai’s biggest developer, told creditors it wrote down AED78.6 billion ($21.4 billion) from the value of its real estate…
Path Solutions and Apliman Technologies Announce Partnership Agreement
As result of the partnership contract,the iMAL*2Mobile new offering will utilize Apliman’s SMS Gateway and USSD Gateway for providing mobile…
Dubai Chamber urged to attract more international investors
Dubai is an attractive destination for international investment and is a platform for business in the wider Middle East region.…