$audi prince blasts Forbes
Saudi Arabia’s Prince Alwaleed jumped three spots on Forbes’ richest list, to No. 26, with an estimated $20 billion fortune,…
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Profit Shortfall Slows Shariah Bank Expansion
Islamic banks say their small scale and a lack of risk-management products makes it harder for them to compete, after…
Dubai Islamic Bank to boost capital through sukuk sale
Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, plans to boost its capital through a sharia-compliant debt instrument,…
Alkhabeer Capital revenue up 66 pc
Alkhabeer Capital announced its financial results, whereby the annual report for the fiscal year ended 2012 revealed that the company…
Swiss privat bank appoints head of wealth management for Dubai
UBS has named Dominique Leimer as head of wealth management, Dubai International Financial Center. Leimar was earlier with Black Pearl…
Deutsche Bank awarded for Qatar deal from EMEA Finance
Deutsche Bank has announced that it has won EMEA Finance’s “Deal of the year” award for arranging the State of…
Guardian Wealth hails Qatar a glittering jewel in the expat crow
David Russell, chief executive officer, Guardian Wealth Management Qatar LLC, hails Qatar a glittering jewel in the expat crown, as…
Commercialbank steps up private banking strategy
Commercialbank has stepped up its private banking strategy for its network of clients and prospects. The bank’s private banking business…
New Dubai firm to manage Islamic endowments
Dubai will host a new asset management firm specialising in awqaf (Islamic endowments), as the emirate seeks to become a…
Barclays plans further Middle East expansion; to hire more staff
Barclays, which is cutting 3,700 jobs as it reduces costs by US$2.6 billion a year, said it plans further expansion…
Gulf Finance Corp names key officials
Gulf Finance Corporation, a subsidiary of Shuaa Capital, has announced the appointment of two senior management executives to support its…
HSBC bank says 2012 net profit drops 16.5%
Estimated Basel III end point common equity tier 1 ratio (‘CET1’) 10.3% post-2013 management actions (9.0% at end 2012), providing…