UAE loses a quarter of its millionaires in one year
The number of UAE’s high net worth individuals (those with $1 million or more in financial assets) declined by 24.8…
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UAE loses a quarter of its millionaires in one year
The number of UAE’s high net worth individuals (those with $1 million or more in financial assets) declined by 24.8…
Islamic banks need 'shake up'
Islamic banks must do more than merely rely on the Muslim faith of potential customers if they are to secure…
TCS bags 5-year Qatar bank deal
Tata Consultancy Services will provide a range of technology outsourcing services to the Commercialbank of Qatar as part of a…
Goldman sets up $2 bln Islamic bond programme
Goldman Sachs has registered a $2 billion Islamic bond programme, providing further evidence of conventional borrowers looking to sharia-complaint funding…
Qatar National Bank confirms talks to acquire control of Dexia’s Turkish division
Qatar National Bank said Wednesday it has launched potential takeover talks with DenizBank, the Turkish division of troubled Franco-Belgian lender…
RAKBank’s nine-month net profit surges 24.2%
The National Bank of Ras Al Khaimah, or RAKBank, reported on Wednesday a net profit of Dh906.5 million for the…
UAE third in Mena for average personal wealth
The UAE ranks third in the Middle East and North Africa (Mena) region in average wealth per adult with $115,774,…
UAE improves rank in World Bank report
The UAE improved its global ranking by two to reach 33 in World Bank’s annual Doing Business ranking published on…
Development bank set up
The UAE yesterday announced the establishment of the Emirates Development Bank (EDB), with a capital of Dh10 billion, to spur…
Permal says Middle East hedge fund investments on the rise
Permal, a global player in alternate investment management with $23 billion (Dh84.4 billion) worth of assets under management, is seeing…
Saudi and Qatari banks cheer investors
Bank earnings in Saudi Arabia and Qatar brought some confidence to hard-pressed regional investors this week, although they are less…