Banks in UAE no longer demand blank cheques
Banks in the UAE no longer ask for blank security cheques against unsecured lending, but the amounts written on these…
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CISI in talks with a number of banks to teach integrity and ethics
Chartered Institute of Securities and Investment is in talks with a number of banks to teach integrity and ethics to…
Abu Dhabi's credit rating stable thanks to 'exceptional wealth
Abu Dhabi’s “exceptional” wealth has helped maintain its AA credit rating despite the fall in oil prices, according to Standard…
Al Baraka raises net income by five per cent for H1 2015
Commenting on these results, H.E Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group , said "The unstable political…
Shuaa Capital second quarter net profit falls 72%
SHUAA Capital has reported its financial results for the second quarter ended 30 June 2015. The second quarter…
NBAD makes executive changes
National Bank of Abu Dhabi appointed Frank Beckers as head of project finance advisory and Nathan Weatherstone head of its…
Kerzner International appoints two Senior Executives
Kerzner International Holdings Limited has made two new executive appointments: Ali Tabbal, who has served as Chief Financial Officer for…
2015: Strong Start for Sovereign Wealth Fund Deals
Direct Sovereign Wealth Fund Transactions Despite a possible future slowdown in the global economy, direct sovereign wealth fund transactions…
Arcapita on investments in Saadiyat and beyond
Arcapita, a global investment management firm, recently acquired Phase One of Saadiyat Beach Residences, a premium residential apartment complex…
Banking on the rich
With private wealth in Oman growing exponentially over the last couple of years, all the banks in the sultanate expect…
UAE reserves set to surge 9% to $83.7 billion in 2016
The gross official reserves of the UAE is projected to grow 8.9 per cent to $83.7 billion in 2016 from…
Takaful takes 13 per cent of Egyptian insurance market
Figures published by the Egyptian Financial Services Authority show that life insurance premiums (new and existing) of Takaful insurance companies…