Bank Nizwa gets relaxation in overseas investment ceiling
Bank Nizwa, the Sultanate's first Islamic bank, has got a sizable relaxation in deploying funds in overseas markets for the…
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BLME moves top performing sukuk fund to daily dealing
BLME's Global Sukuk Fund has moved to daily dealing. The fund was rated the top performing Sukuk Fund in 2012…
Qatar richest country in the world: IIF
Qatar retained its ranking as the world's richest country in 2012, with its per capita income soaring to an incredible…
Dubai luxury villa prices up 20% in 2012
Property prices in Dubai rose the second highest globally, registering a 20 per cent increase in 2012, a new global…
Dubai Islamic launches $1bn Tier 1 sukuk
Dubai Islamic Bank, the largest sharia-compliant lender in the UAE by assets, launched a $1 billion hybrid sukuk on Wednesday,…
Qatar eyes $15bn investment in UK
Qatar has begun talks with the UK government to invest up to 10 billion pounds ($14.92 billion) into key infrastructure…
Typical Middle Eastern UHNWI is not an oil baron
Wealth-X has released a statistical profile of the average Middle Eastern ultra high net worth individual (UHNWI) based on proprietary…
Dubai property prices show second-highest growth in world
Property prices in Dubai rose the second highest globally, registering a 20 per cent increase in 2012, a new global…
UBS to replace MENA investment banking head
UBS is set to replace Matthew Odgers as head of its Middle East and North Africa investment banking department, two…
Turkey: Sukuks set to diversify bank funding
A strong performance from Turkey’s banks last year produced a significant rise in total assets and an increase in equity…
Sovereign wealth funds to hit record $5.6 trln by year end
Sovereign wealth funds are set to see their assets grow to $5.6 trillion by the end of 2013, a study found,…
Gulf a comfortable fit for Swiss private banker Lombard Odier
It is a time of change for the Swiss banking industry. The giants of the business, such as UBS and…