Emirates NBD recedes to third largest Arab bank
Dubai-based Emirates NBD retreated to the third rank in the list of the largest Arab banks after it was overtaken…
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Curtis opens office in Kuwait
Curtis, Mallet-Prevost, Colt & Mosle LLP has announced the opening of an office in Kuwait in association with Mashora Advocates…
Sovereign wealth funds off to slow M&A start in 2012
Sovereign wealth funds are shying away from making large mergers and acquisitions, at least in public, with announced activity volumes…
UGB announces net profit of US$ 1.5 million for 2011
UGB's net profit of US$ 1.5 million for 2011 (for the12 months ended 31 December, 2011) was a fall of…
takaful profit rises
Takaful International achieved significant growth in its total insurance contributions, which were up five per cent over 2010. Insurance contributions…
Gulf Finance house back in the black in 2011
Bahrain investment bank Gulf Finance house announced that it had inched back into the black in 2011 after making a…
StanChart named best foreign bank
Standard Chartered has been named the ‘Best Foreign Bank in Oman’ by Emeafinance. The award was presented at the ‘Emeafinance…
Qatar makes a play for top financial centre
Regulatory changes to the fund regime in the UAE could drive asset managers to seek more cost effective financial hubs…
Money flows into Saudi real estate bonds
A flood of money into the bonds of Saudi Arabian property developer Dar Al Arkan is due to renewed confidence…
The dynamism of Islamic banking
THE process of Islamisation of economic system appears to be gaining momentum over time as many international conventional banks have…
US targets Dubai bank over Iran curbs
The US Treasury Department has disrupted a Dubai-based banking operation that the United States believes was Iran's main conduit for…
Expat finances 'dramatically' better
The UAE expats believe that their quality of life and financial position have improved substantially, according to the latest survey.…