Iranian bank sues UK government for $4 billion over sanctions
Iran's largest private bank is suing the British government for almost $4 billion in damages after the Supreme Court quashed…
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Mashreq raises foreign investment limit to 49 per cent
Mashreq is to allow foreign investors the opportunity to own up to 49 per cent of its capital. The…
Emirates Investment Bank reports financial results for the full year 2013
Emirates Investment Bank an independent private and investment banking boutique, today announces its financial results for the fourth quarter and…
Ethica Enters Saudi Arabian Islamic Finance Market
Saudi Arabia is the world’s largest Islamic banking market, with total assets estimated at $217 billion by Thomson Reuters, yet…
Arab Banking Corporation gains rise 17pc to $239m
Arab Banking Corporation (ABC) today announced that its consolidated Group net profit for the year ending 2013 was US$239 million,…
Overseas and domestic buyers target Dubai property assets
Strong interest in Emaar’s newly launched Lila and Yasmin properties at Arabian Ranches, Bahrain-based Ravi Pillai Group’s plans to invest…
Abu Dhabi hires ex-Dubai executive for its financial free zone
Abu Dhabi Global Market, the financial free zone being established in the UAE capital, has made its first senior executive…
Dubai developer Emaar’s profits top Dh2.5bn amid property revival
Strong perfomance across its malls, property and hotel units helped to push quarterly profits up by 48 per cent at…
Middle East Ultra-High Net Worth Individuals corner the market for worldwide superyacht purchases
The Superyacht Builders Association (SYBAss) Pavilion at the Dubai International Boat Show 2014 has reinforced the UAE’s status as a…
Axa refuses to comment on UAE acquisition rumour
Axa Gulf has refused to comment on rumours it has purchased an Abu Dhabi headquartered insurance company and is preparing…
Deputy King meets Lord Mayor of London
Deputy King His Royal Highness Prince Salman bin Hamad Al-Khalifa met the United Kingdom’s Lord Mayor of London, Fiona Woolf…
Emirates Investment Bank assets soar on foreign capital inflows
Emirates Investment Bank yesterday said total assets under management jumped 71 per cent last year as the UAE’s safe-haven status…