Fees earned by banks in MidEast up 5% in first half 2012
The 20 biggest global banks earned a combined US$234.8m in fees from their Middle East businesses in the first half…
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Commercialbank delivers half-year net profit of QAR 1.017 billion
Commercial Bank of Qatar (Commercialbank) reports H1 net profit up by six per cent compared with QAR 956 million achieved…
UAE brokerages under threat as volumes fall further
Stockbrokers in the UAE fear many more securities firms are likely to close their doors in the second half of…
Latham and Watkins advises joint lead managers in the largest USD Sukuk offering
Latham & Watkins represented the joint lead managers in the State of Qatar's recent sovereign Sukuk. The $4bn…
Kuwait’s NBK Posts 42% Q2 Profit Drop
The head of Kuwait’s biggest bank blasted the country’s political deadlock in a rare public outburst for the Gulf Arab…
Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report
In its fourth annual analysis of global financial regulations, KPMG, the audit, tax and advisory firm, says investment managers continue…
Rich to lose half their wealth by 2014
"Massive wealth destruction coming," warns Hong Kong economist Marc Faber, one of many "Dr. Dooms" we've featured over the years.…
Islamic Financial Services on Rise, but Private Banks Lag
As demand for financial products and services that comply with Islamic law has grown in recent years, retail banks have…
UAE cenbank confirms Barclays to leave rate-setting panel
The United Arab Emirates central bank confirmed Barclays has asked to withdraw from the country's interbank lending rate-setting panel, and…
Bofa-ML study bullish over Dubai property
A strong growth in population, realistic targets for job creation and excellent existing infrastructure make Dubai real estate a worthwhile…
Saudi CMA expected to start cross-listing foreign firms in 2013
Saudi Capital Markets Authority (CMA) unveiled plans to start cross-listing foreign companies on its exchange (Tadawul) within a year, focusing…
Former Morgan Stanley banker sets up financial advisory firm in Dubai
After a 16-year career at Morgan Stanley Lebanese-born banker May Nasrallah detected a gap in the Middle East market for…