Custodians of great fortunes target Gulf
There is nothing remotely downmarket, or even middle-market, about Coutts, the British bank that has, traditionally, advised the monarchs…
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Swiss private bank plans to enter Israeli market
Pictet & Cie will provide wealth and investment management services for people with more than NIS 5 million in…
Sukuk beats conventional bonds
Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as…
Mashreq’s Al Ghurair Fears U.A.E. Banks Becoming Over-Regulated
Banks in the United Arab Emirates risk becoming over-regulated amid tightening central bank rules that may hurt economic growth,…
Amwal formally launches its asset management and advisory services
Amwal QSC, a Qatari investment firm, is launching its asset management and investment advisory services at the Qatar Financial Centre…
Number of wealthy in SA up 31%, says report
DESPITE economic uncertainty, the number of wealthy people in South Africa is rising by as much as 31%, with a…
Qatar Financial Centre enacts new single family office regulations
The Qatar Financial Centre Authority 'QFC Authority' has announced today that important new Regulations have been issued governing special purpose…
Dubai Bank to be rebranded by November-end
It’s official: By end of November, Dubai Bank will be rebranded as Emirates Islamic Bank (EIB). Following the transition, EIB…
KPMG named ‘Most outstanding Islamic advisory firm’
KPMG was recognized as the “Most outstanding Islamic Finance Advisory firm” by the prestigious International Islamic Forum held in Kuala…
Prince Alwaleed Praises Pandit for Citigroup Crisis Handling
Saudi billionaire Prince Alwaleed bin Talal praised Vikram Pandit for his handling of the financial crisis while chief executive…
GFH faces scrutiny over Shari’ah compliance of Leeds United bid
GFH is facing criticism from the Islamic finance community over its proposed takeover of Leeds United Football Club, because the…
Bahrain's Ithmaar Bank gets nod for merger
The announcement, which follows the approval of the shareholders of both banks during separate Extraordinary General Meetings, is subject to…