Dubai Group, Banks Said Close to $6 Billion Debt Agreement
Emirates NBD PJSC (EMIRATES) and Noor Islamic Bank are among creditors close to an agreement with Dubai Group LLC on…
Investment Banking
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QInvest CEO quits amid restructuring
Shahzad Shahbaz, CEO of QInvest, the Qatari investment bank forming a joint venture with Egypt’s EFG-Hermes, has resigned. "I have…
Time to act if Dubai wants to keep pole position in finance
Qatar, it was reported this week, believes it can challenge Dubai's position as the premier financial hub in the Arabian…
KAMCO announces financial results for Q3, 2012
KIPCO Asset Management Company KSCC has reported its financial results for the third quarter of the financial year ended September…
Shakeout in global investment banking, as 40,000 heads roll
Global investment banks have improved their performance over the past few months, but structural earnings problems persist. According to the…
Credit Suisse Revamps, Forms New Wealth Management Unit
Credit Suisse today announced changes in its organizational structure and to its Executive Board effective November 30, 2012. The Private…
Qatar Investment Fund chairman David von Simson dies suddenly
The board of the Qatar Investment Fund has appointed Nicholas Wilson has its new chairman, following the sudden death of…
Alubaf Arab bank profit surges 29pc
Bahrain-based Alubaf Arab International Bank saw its profit surge to $24.9 million in the first nine months of the year,…
Is Bank's Net Profit More Than Doubles
Turkey's Is Bank's third-quarter net profit more than doubled, reflecting an increase in net interest income and commissions, according to…
ICBC expands in Middle East
ICBC is easily China's most outward-looking bank, and it is showing its global aspirations once again with word that it…
Citibank Turkey voted “Best Domestic Cash Management Bank”
Citi Turkey has been named "Best Domestic Cash Management Bank in Turkey" in Euromoney's 2012 annual cash management survey. In…
How to assess Dubai's property market? Count the expat pupils
A novel method of gauging the property market in Dubai has been launched that involves counting the number of expat…