Emirates NBD Asset Management strengthens partnership with Jupiter
Emirates NBD Asset Management Limited , the asset management arm of Emirates NBD , today announced the expansion of its…
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Gulf Bank Wins 'Bank of the Year' Award
Gulf Bank has announced that it has won the 'Bank of the Year' award from Arabian Business, one of the…
Bank Nizwa CEO named 'islamic finance personality of the year
Bank Nizwa CEO, Dr. Jamil El Jaroudi, was named 'Islamic Finance Personality of the Year' at the 4th annual Global…
SocGen Denies Bribing Qaddafi Friend in Libya Fund Case
Societe Generale SA (GLE) denied paying bribes to Libya’s sovereign wealth fund, saying $58 million in payments to a family…
Bankers in Middle East Confident Bonuses Will Beat Peers
Finance professionals in the Middle East are more confident of receiving a bigger bonus this year than their colleagues around…
UBS Hires Credit Suisse’s Bouvier as Head of Industrials
UBS AG hired Laurent Bouvier from Swiss competitor Credit Suisse Group AG (CSGN) to head its global industrials group. …
Khalifa Fund, Arab Bank sign SME finance agreement
The Khalifa Fund for Enterprise Development and Arab Bank for Investment and Foreign Trade have signed a strategic agreement in…
FGB achieves record sales of USD 100 million premiumin 8 weeks for LIC's new insurance product
FGB , one of the leading banks in the UAE, has achieved record sales worth USD 100 million (AED 367.31million)…
Nikko AM makes three senior hires
Increasing its penetration into the global institutional investment market, Nikko Asset Management has appointed three seasoned executives to lead, respectively,…
Mumtalakat Hires Banks For Potential Dollar Sukuk Issue
Bahraini sovereign fund Mumtalakat (BBB from S&P/Fitch) has hired BNP Paribas, Deutsche Bank, MUFG and StanChart to arrange a series…
Stronger economy boosts major UAE banks’ profits
Major UAE banks recorded strong performance in 2014 as their profits surged due to economic growth and lower provisions for…
Saudi Arabia’s NCB Seen Surging After IPO Is Discounted
Investors in the $6 billion initial public offering of Saudi Arabia’s National Commercial Bank may see the shares surge after…