Top UAE bankers cashing in on recovery
Bankers' pay packets are swelling as lenders return to profit and bad debts dwindle. Senior executives at four of the…
Investment Banking
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Vontobel moves Dubai business to Geneva after good year
Bank Vontobel said Tuesday 19 February that it is moving its Dubai onshore business to Geneva and will make its…
Bahrain's Ahli United Bank posts Q4 profit rise
Ahli United Bank, Bahrain's largest lender by market value, posted on Tuesday an 11.8 percent gain in its fourth-quarter net…
Crédit Agricole Egypt 2012 net profit up 53 per cent
From a core business performance perspective, net operating income before provisions and taxation was up 30.5 per cent over 2011.…
Qatar Holding to launch new $12 billion investment firm
Qatar Holding, a unit of the Gulf Arab state's sovereign wealth fund, will launch a new investment firm worth $12…
Burgan Bank Group net profit for 2012 sees 10 pct growth
Burgan Bank Group announced today significantly improved financial results for the year ended December 31st, 2012. The group posted KD…
EFG Hermes Asset Management Receives Top Honours at MENA Fund Manager Awards – English
EFG Hermes has won three MENA Fund Manager magazine awards recognizing its solid performance in 2012. The prestigious industry recognition…
Qatar poised to buy $3bn stake in VTB
The Qataris are in advanced talks with VTB – which is listed in Russia and London – about injecting between…
Investment managers worldwide will grow less than 1% – RESEARCH
Investment managers worldwide will grow less than 1% from net new money annually for the next five years through 2017,…
BofA Merrill Lynch Fund Manager Survey Finds Strong Sentiment Consolidating
Confidence in a strong global economic outlook has consolidated while investors have indicated that they see support from current equity…
Sumitomo Mitsui Forms Alliance With Garanti Bank in Turkey
Sumitomo Mitsui Financial Group Inc. signed an accord with Turkiye Garanti Bankasi AS, becoming the third Japanese megabank to tie…
UK bank bailed out after Dubai property gamble
Part of a US$70bn fund used by the UK government to bail out Royal Bank of Scotland was used to…