Mashreq Expects Consumer Bank Profit Surge on Wealth, SMEs
Mashreqbank PSC, Dubai’s third-biggest lender, expects its consumer business profit to double this year, driven by the wealth and small…
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UAE real estate back in vogue as banks dole out cash
Banks in the United Arab Emirates are increasing their exposure to the country’s booming real estate industry, betting that five…
Kingdom and sovereign wealth funds
The increase in Saudi Arabian Monetary Agency's net foreign assets to a record high of SR2.732 trillion in April shows…
NBAD to expand Global Markets E-Commerce services
The National Bank of Abu Dhabi has partnered with Celer Technologies to develop Global Markets E-Commerce applications to offer its…
Bank Audi launches Visa PayWave technology on debit cards in Lebanon
Lebanon-based Bank Audi has deployed the Visa payWave technology and issued Visa payWave debit cards to help optimize the customer…
Saudi Arabia plans $270M venture fund for startups
Saudi Arabia’s government and one of the country’s biggest banks plan to start a venture capital fund of up to…
ADIB launches new note for investment in global car manufacturers
Abu Dhabi Islamic Bank, a top-tier Islamic financial institution, has launched a new capital-protected note, after the huge success and…
UAE Moves Forward On Tax Information Exchange
The United Arab Emirates has begun the second stage of its work on the development of a framework to effectively…
Gauri Khan launches her own signature line in Dubai
Not forgetting the fact that husband Shah Rukh Khan has just been adjudged the second richest actor in the world,…
South African State Owned Enterprises in Dubai
A South African Investment Summit was hosted jointly by the South African Embassy, South African Consulate General Dubai, in United…
UAE SWF assets to increase to $975 billion
The UAE sovereign wealth fund assets are expected to reach $975 billion (Dh3.578trn) this year, making up 43 per cent…
Challenges of managing wealth through generations
With wealth comes responsibility, and for many Qatari families a key priority is putting in place a strategy based on…