Swiss private bank said to be up for sale
Faisal Private Bank, struggling since the collapse of property schemes in the Gulf and beyond, is up for sale after…
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Capgemini and RBC Wealth Management to Partner on Leading Annual World Wealth Reports
Capgemini and RBC Wealth Management have announced their partnership to produce the highly respected annual World Wealth Report, now in…
Dubai's JAFZA seeks consent for early $2 bln sukuk repayment
Dubai's Jebel Ali Free Zone (JAFZA) is seeking consent from holders of its $2 billion-equivalent Islamic bond, or sukuk, for…
First REIT in United Arab Emirates on the Drawing Board
The first real estate investment trust in the United Arab Emirates is expected to be launched this year with about…
Arab Bank Group Q1 net profit up 10 pct
Jordan-based Arab Bank Group posted a 10 per cent rise in quarterly profit yesterday to $204 million, as revenues rose…
KHCB finances state-of-the-art real estate development in Dubai
Khaleeji Commercial Bank has announced that it had arranged a financing deal with Meydan Group LLC worth $40m for the…
Emirates Money records 31% growth in asset book to cross Dhs1bn
Emirates Money has reported robust business growth for the financial year ending 2011. The Company's asset book has crossed Dhs1.1bn,…
DFSA Board appoints new chief
The Board of Directors of the Dubai Financial Services Authority (DFSA) have announced the appointment of Ian Johnston as the…
BofA exodus continues as top MENA banker resigns
Bank of America Corp's investment banking head for Middle East, North Africa and Turkey, Waleed El-Amir, has resigned, a source…
Swiss private bank Continues Expansion Drive in the UAE
Lombard Odier is reinforcing its commitment to the GCC region with the appointment of four seasoned relationship managers: Giridhar Bhatia,…
Bankers find it tough to tap Gulf region’s wealth
On a recent sunny day, Eric Swats, a fund manager at Rasmala Investments, sat under a parasol at a restaurant…
Barclays Mideast CEO upbeat on bond market
Barclays expects 2012 to be a “decent” year for bond and sukuk issuance in the Middle East, likely on par…