Saudi Arabia's Algosaibi calls May creditor meeting
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers has called a meeting of creditor banks in Dubai on May 7…
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Former Soros Manager Sets Up Frontier Markets Firm in Dubai
When money managers set up in the U.A.E., they’re usually either investing in the region or trying to tap the…
Positive Moves Attracting Overseas Investors to GCC says Merck Serono Commissioned Business Report
A highly insightful report from the Economist Intelligence Unit, commissioned by Merck Serono, shows that the Gulf Cooperation Council economies…
EFG Hermes Posts $48m Net Loss
Egypt’s largest investment bank, EFG Hermes has revealed a net loss for 2013, a direct result of increased one-off charges…
UAB and Just Wills to offer HNW clinets Shari’ah will-writing service in UAE
United Arab Bank (UAB) has partnered with Just Wills to launch a new end-to-end will-writing and registration service which are…
Meethaq signs 'Bancatakaful' agreement with Al Madina Takaful
Meethaq and Al Madina Takaful signed an agreement to provide insurance products (Bancatakaful) for Meethaq customers. The agreement facilitating…
Gartner Says Software Spending for the Middle Eastern & North African Banking and Securities Firms To Grow 10 Percent In 2014
Analysts Attribute Spending Increase To The Expansion Strategy Of Banks And Modernization Projects. Analysts Will Examine Key Trends In…
Damac plan for $500m sukuk seal of confidence in Dubai property market
Damac is poised to benefit from Dubai’s property revival as the developer that offers free sports cars to luxury apartment…
Noor Bank profit triples as Sharia lender rides economic recovery
Noor Bank yesterday said that its net income last year more than tripled to a record, boosted by corporate lending…
Burgan Bank to raise capital this year
Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while…
QFCA promotes al-Jaida as its deputy CEO
The Qatar Financial Centre Authority has elevated Yousef Mohamed al-Jaida to the post of deputy CEO. “With the support…
Middle East investors keep snapping up trophy assets
High net worth investors and institutions from the Middle East were generous in spreading their wealth across Europe’s commercial property…