United Arab Bank announces record profits
UAB has announced a record net profit of Dhs298m for the nine months ended 30 September 2012, an increase…
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Rare Qatar-Dubai bank notes fetch $290,000
A series of rare Qatar and Dubai banknotes have sold for GBP£180,000 (US$290,000), five times higher than their pre-sale estimate,…
Qatar among Mideast ‘powerful trio’ for FDI
Despite the events of the Arab Spring, in 2011 the number of FDI projects in the Middle East rose…
CBD's third quarter net profit increased by 4.5%
CBD has reported operating profit of Dhs982m for the first nine months of 2012, an increase of 0.8% compared…
Barclays to Cut Europe Equity Jobs in Cost Reduction Plan
Barclays is cutting just under 10 percent of staff in its equities division in Europe, Middle East and Africa…
World Bank, IDB sign Islamic finance agreement
The World Bank and the Jeddah-based Islamic Development Bank ISDBA.UL (IDB) have signed a three-year agreement to share expertise in…
Fear of loss driving investment decisions – RESEARCH
According to the latest survey results released by Natixis Global Asset Management, UAE investors have little appetite for increasing risk…
Nomura appoints Head of Origination and Sales for Turkey
Nomura has announced that it has hired Kaan Basaran as Head of Origination and Sales, Turkey. Based in…
Qatar sovereign fund poaches from White & Case
Tom LaMacchia left his role as a partner at US law firm White & Case in Japan earlier this…
Wealthy Arabs buy right to live in Britain
The number of Arab millionaires investing in Britain in exchange for permanent residency has increased in the wake of the…
Abu Dhabi named one of world's 'Cities of Opportunity'
Abu Dhabi has been ranked among the world’s 'Cities of Opportunity' based on a range of key factors including…
Burgan Bank plans 200 mln dinar bond-paper
Kuwait's Burgan Bank plans to issue a bond worth up to 200 million dinars ($711 million), a local newspaper…