Sovereign Wealth Funds Continue to Ramp Up Property Allocations
The proportion of global sovereign wealth funds allocating capital to commercial real estate rose from 54% in 2013 to 59%…
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BankMed: Prudent expansion across Mideast
Editor’s note: The following is an interview with Mohamed Ali Beyhum, the executive general manager of BankMed. Dr. Beyhum…
Dubai's DIB posts 33.9% jump in Q1 net profit
Dubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, reported a 33.9 percent increase in first-quarter net profit on…
Al-Marzouk: KD 29.9 Million Net Profit for KFH in First Quarter up 14.6 %
Chairman of Kuwait Finance House Mr. Hamad Abdulmohsin Al-Marzouq said that " KFH has, by the grace of Allah, realized…
Bank wins licence for branch
The Central Bank of Bahrain (CBB) granted a license to Cairo Amman Bank, to open a branch in Bahrain. The…
Qatar Executive targets Asia business jet market
Qatar Executive is growing its international footprint by targeting corporations and the fast-growing number of high net worth individuals in…
EFG Hermes Jordan Named Best Broker
EFG Hermes, the leading investment bank in the Arab world, has announced that EFG Hermes Securities Brokerage has been…
Some banks win, some lose in Dubai's "Islamic economy"
Dubai's drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed,…
Waha Capital to invest $1bn in Middle East energy sector
The Abu Dhabi investment company Waha Capital plans to invest more than US$1 billion in energy and other assets…
Saudi bourse will open to foreign investors from June
Saudi Arabia’s regulator has fired the starting gun for the long-awaited opening up of its 2 trillion riyals (Dh1.95tn) stock…
Egyptian food firm’s GDR marks turnaround after Arab Spring
Egyptian snack maker Edita Food Industries listed on the London Stock Exchange earlier this month under BNY Mellon’s global depositary…
Set apart
With a number of countries in the region vying to be the centre of asset management in the Gulf, Mena…