Former CEO of Barclays Bank (Suisse) resurfaces
Audi Saradar Group has announced the appointment of Mr. Philippe Sednaoui as the Chief Executive Officer of its fully-owned private…
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Al Baraka Banking Group posts flat Q4 profit
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C. (ABG) announced that it has achieved a net…
HSBC To Overhaul Bonuses
I have learned that HSBC is to overhaul the way it pays bonuses to its UK staff in response to…
Chastened UBS uses 150th events to polish image
UBS (UBSN.VX) is using its 150th anniversary to try to rebuild an image tarnished by a $2 billion trading scandal…
UBS launches Israel wealth management unit
The UBS Wealth Management Investment House unit will offer clients domestic and international investment management in Hebrew. UBS chairman Kasper…
DIFC aims to double in five years
Dubai International Financial Centre, the emirate's investment market hub, has set itself the target of doubling in size over the…
Bahrain AUB net profit up 17pc
Bahrain-based Ahli United Bank (AUB) said it has registered a full year net profit of $310.6 million for 2011, up…
Libyan foreign bank rolls out Islamic products as rules change
The Libyan Foreign Bank will offer Shariah-compliant products as the government prepares regulation to make Islamic banking the norm in…
Dubai: banks back in town
For Dubai, the Arab spring has been a boon, in finance as much as tourism. Dubai’s financial centre says financial…
CME Group and Oman Investment Fund to increase investments in DME
CME Group, the world's leading and most diverse derivatives marketplace, and Oman Investment Fund, a sovereign wealth fund of the…
Israel turns to central bank for SWF strategy
Israel’s planned sovereign wealth fund will be managed by the Bank of Israel, rather than a third party manager as…
CME will boost Dubai oil bourse investment with Oman fund
CME Group Inc., the world’s largest futures exchange owner, and Oman Investment Fund will raise their respective stakes in the…