Wealth and Asset Management

Uncategorized

UAE ranked in highest stage of economic development as innovation-driven economy – report

September 9, 2011

 The Global Competitiveness Report 2011/2012 issued by the World Economic Forum, ranked the UAE 27th globally for competitiveness. The report…

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Uncategorized

Arab ministers of finance ponder challenges to Arab economies

September 9, 2011

Kuwait's Minister of Finance Mustafa al-Shimali noted that today's meeting of the Arab finance ministers here reviewed the overall economic…

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Uncategorized

NBAD looks steady despite global fears

September 9, 2011

National Bank of Abu Dhabi touts its reputation as one of the safest banks in the world for retail customers.…

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Comment & Analysis

Combined Net Worth of Social Media Tycoons Near $100bn – study

September 9, 2011

The fortunes of social media entrepreneurs including the founder of Facebook, Mark Zuckerberg; the brains behind Zynga, Mark Pincus; and…

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Market Forecasts

Qatar First Investment Bank to sponsor Private Equity MENA Business Summit 2011 in Dubai

September 8, 2011

Qatar First Investment Bank (QFIB), Qatar's independent Islamic investment bank, announced its sponsorship of and high-level participation in the MENA…

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Comment & Analysis

Middle East mutual funds sector facing challenges

September 8, 2011

Professionally managed institutional assets and retail mutual funds maintained a good momentum last year in the Middle East and around…

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Fraud & Ethics

Brazil Blocks Transfer to Libya to Prevent Funding for Qaddafi

September 8, 2011

A Brazilian court blocked dividend payments from a bank indirectly controlled by the Libyan central bank to prevent the proceeds…

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Executive Moves

Credit Suisse downsizes Gulf investment-banking team

September 7, 2011

High-level departures from Credit Suisse in Dubai are part of an overall reduction to the Swiss bank’s Middle East investment-banking…

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Uncategorized

First Gulf Bank plans four Asia offices to boost financing role

September 7, 2011

Abu Dhabi-based First Gulf Bank (FGB) plans to set up four more representative branches in southeast Asia in a push…

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Executive Moves

Middle East banks are in much better shape than those in the US and Europe

September 6, 2011

Bankers are finally feeling the pinch after three years of bumper profits and big bonuses despite government bailouts in the…

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Fraud & Ethics

Former Hapoalim chairman to be indicted

September 6, 2011

State Prosecutor Moshe Lador has decided to indict former Bank Hapoalim chairman Dan Dankner on charges of bribery, aggravated fraud,…

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Executive Moves

Standard Chartered seats new CEO for UAE

September 6, 2011

Standard Chartered announced Jonathan Morris as the new Chief Executive Officer for the UAE. Jonathan succeeds Jeremy Parrish, who has…

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