UBS to close Representative Office in Dubai
UBS said on Wednesday it will close its representative office in Dubai and transfer the operations to Abu Dhabi, while…
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Saudi could see budget deficit next year, risks draining reserves -IMF
Saudi Arabia's state finances could fall into the red next year and the country could start running down its huge…
Industrial, Commercial Bank of China opens Kuwait branch
Undersecretary of the Kuwaiti Ministry of Commerce and Industry Abdulaziz Al-Khaledi on Wednesday urged the Kuwaiti and Chinese businesspeople to…
Incredible response to ‘Life in Qatar’ initiative, says Commercial Bank
Commercial Bank has seen an “incredible response” to its “Life in Qatar” (LIQ) initiative, which provides tailored banking services for…
Bahrain leads the GCC pack in Islamic finance
For the second year in a row, Bahrain has been named the Gulf Cooperation Council (GCC) countries leading Islamic finance…
Ashmore-led group sells Saudi waste management firm to Gulf group
A group led by fund manager Ashmore Group plc has sold a Saudi waste management company to a group of…
Bank Nizwa Expert Delivers Talk On Principles Of Islamic Banking And Finance sector
Bank Nizwa’s head of Sharia’a compliance, Dr Anwar Soubra, underscored the importance and benefits associated with the growing Islamic banking…
EVestment opens Dubai office
The Middle East and Africa's growing institutional wealth and the increased globalization of the institutional investment industry are major factors…
KKR to TPG Return the Favor Pouring Money Into Middle East Deals
KKR & Co. LP, Blackstone Group LP and other large private-equity firms have long parachuted into the Middle East to…
UAE's high rank in global millionaire household index highlights need for prudent wealth management
Fortress Investments, a leading investment firm operating in the Middle East, has underlined the need for more prudent wealth management…
Leeds United: GFH bought a Rolls Royce but couldn’t afford the petrol says Haigh
LEEDS United’s former managing director David Haigh has claimed its former owners Gulf Finance House “bought a club which they…
A tougher game
It is no secret that the management of other people’s money — especially of very rich people’s money — can…