Abu Dhabi Wealth Fund Closes London Office
One of the world’s most powerful sovereign wealth funds is bucking the trend towards global expansion among its peers by…
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UBS Adds Israel Wealth Bankers as Tech Boom Breeds Millionaires
UBS Group AG is adding staff to its wealth-management business in Israel as a boom in the country’s technology industry…
Emirates NBD partners with State Bank of India for 60-second remittances
Emirates NBD has announced that it has expanded its partner bank network in India to include State Bank of India…
Lebanon risks severe financial, banking consequences
Lebanon will come under severe financial and banking international pressure and consequences if the Parliament fails to pass four crucial…
Lebanon’s net wealth per adult down 1.7 pct to $30,207
Global investment bank Credit Suisse estimated the net wealth per adult in Lebanon at $30,207 at the end of June…
Diyar Al Muharraq signs $32 million Islamic financing agreement with Al Salam Bank-Bahrain
The signing ceremony took place at Dragon Mall in Dragon City at the Diyar Al Muharraq site. The agreement was…
DAMAC Properties Dubai reports net profit of AED 3.67 billion
DAMAC Properties, a leading developer of high-end property in the Middle East, has announced its results for the nine months…
Uber’s rival in the Middle East, Careem, raises $60m in series C financing
Online taxi startups are hot property these days. There seems to be no limit to the amount of cash investors…
Finance House posts $168m net profit
Finance House has registered a net-profit of Dh64.7 million $168.8 million for the nine months ended September 30, compared to…
KFH CEO speaks on importance of Islamic finance and its role in development
KFH CEO, Mazin Al-Nahedh, will participate in a discussion panel where he will speak about Islamic vs. conventional banks in…
UAE’s Islamic banks buck regional trend in third quarter
Results of leading institutions point to resilience in a tough operating environment Islamic banks across the GCC have been…
The Danger of Doha’s Property Boom
Property prices in Qatar have been growing at an explosive pace—and banks have been leaping towards the real estate market…