Saudi wealth fund is said to hire head of US$111b portfolio
Saudi Arabia's sovereign wealth fund, which is being transformed into a US$2 trillion investment giant, has hired Rashed Sharif as…
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Kuwait corporate earnings up on strong investment gains
Listed Kuwaiti companies saw a notable rise in profits in the first half of 2017; however, weak revenue growth continued…
Qatar deposits $6.9 bln in banks in July to offset crisis outflows
Qatar's government deposited nearly $7 billion in the local banking system during July to offset a pull-out of funds by…
Andersen Global Expands Presence in Israel
Andersen Global has announced the appointment of the Regional Managing Partner for the U.S., Canada and Israel, Dan DePaoli. …
Saudi Arabia's Largest Bank Said to Hire Investment Banking Head
Sameer Nawaz has been appointed head of investment banking at Saudi Arabia’s Al Rajhi Capital as the Islamic bank looks…
Bahrain to post weaker growth in 2017
The IMF expects a growth of 2.3% for the country’s GDP this year, below the 3% of last year’s. Lower…
Bank of Palestine announces a net profit of $24.72 million for the first half of 2017
Bank of Palestine (BOP), announced its half year 2017 preliminary financial results reporting a gross income of $108.34 million in…
Vistra Broadens Corporate and Private Client Capabilities
Vistra has announced the acquisition of Total Solutions Middle East Ltd. TSME operates within Dubai's International Financial Centre and…
UAE: The millionaire magnet
Led by the UAE's strong economic growth and its status as a safe heaven, the number of millionaires in the…
Egypt court acquits Hussein Salem of money laundering
The Cairo Criminal Court, headed by Judge Mohamed Amir Gadou, has acquitted businessman Hussein Salem and his two children Khaled…
Egypt policy measures improve banking but investments slow, BLOM Bank Egypt chief says
Egypt’s policy decisions last November to float the pound and subsequently raise interest rates have improved conditions for the banking…
Credit demand at Saudi banks to remain subdued: BMI
Despite continued improvements in liquidity conditions in Saudi Arabia's commercial banking sector, credit demand will remain subdued throughout the rest…