UAE bank profits set to soar in 2012
After enduring three consecutive years of asset impairments and rising provisions which ate into profits, most UAE banks see a…
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The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March
The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.05% for the month of March. Performance…
Qatar sovereign fund to buy hotels in Sardinia
Qatar Holding, the investment arm of the gas-rich Gulf nation’s sovereign wealth fund, is set to unveil a deal in…
Nakheel profit surges 33%
Property developer Nakheel posted a net profit of Dh1.3 billion for the financial year ending December 31, 2011 reflecting an…
NBK posts $292 mln net profit
National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of…
Saudi Oil-Led Growth Lures StanChart as Barclays Targets Wealthy
Standard Chartered and Barclays are expanding in Saudi Arabia as oil above $100 a barrel and record bond sales bolster…
Standard Chartered signs agreements with Warba Bank
Standard Chartered has announced that it has signed two agreements with Warba Bank to facilitate their transactions in Asia. The…
Sovereign wealth assets jump 16%
Sovereign wealth fund assets increased 16% to $4.62 trillion during the first quarter, according to data released Friday by Preqin.…
Estate of the art
For some, the ongoing economic crisis has been little more than an idle diversion, something of a soap opera. There…
AES International Launches UK-style Adviser Proposition in the UAE
London based AES International launched a unique proposition for financial advisers and wealth managers living and working in the UAE…
BankMuscat CEO named Arab Banking Personality of 2012
In recognition of outstanding contributions to the banking sector in Oman and the Arab region, Dr AbdulRazak Ali Issa, chief…
Bank Sohar’s profit zooms 74.3pc
Bank Sohar reported a net profit of RO 5,329 million for the 1st quarter ending March 31, 2012, an increase…