In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.
Zabeel Investments allegedly owes $107 million to the Abu Dhabi bank which has filed for legal procedures.
Some of the world’s biggest banks are cutting jobs in their Middle Eastern operations in cost cutting measures.
The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.
Gulf Finance House will lead the purchase of the football club’s parent company, though no dates or terms are announced.
NBF will take the international bank’s seat on the UAE rate panel following Barclays’ Libor scandal.
A whistle-stop tour of Singapore, UAE and London as Deutsche Bank, HSBC and QInvest LLC are mandated for the Islamic bond.
The London-based investment fund has backed online fashion site Namshi just one year after it launched.
Gulf International Bank’s bond programme is 97.2 per cent owned by the Saudi government, giving a safer level of risk.
FGB has hired five banks for a new benchmark bond, according to sources.
The Eurozone debt crisis poses the biggest threat to the global economy, says IMF chief.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.
Experts from Emirates NBD, Falcon Private Bank, Lombard Odier, Bank Sarasin-Alpen Group and Julius Baer reveal their regional wealth management strategies to Gulf Business.
CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.
Middle East investors are still seeking high-yielding investments, says Daniel Savary, head of Eastern Mediterranean & Middle East markets at Julius Baer
Rohit Walia, executive vice chairman & CEO at Bank Sarasin-Alpen Group, Middle East and India, says that the group will focus on tapping the Islamic finance industry in Saudi Arabia.
Swiss bank Lombard Odier is aggressively increasing its footprint in the Middle East, says its head of new markets, Arnaud Leclercq.
Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank
Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.
Local investors are looking for fixed income investment opportunities outside the region, say asset managers.
The IMF also cut its forecast for Saudi’s budget surplus this year from 16.5 per cent to 12 per cent, citing oil price movements.
The Qatari lender said that it will use the additional capital to meet strategic business requirements.
Following the arrest and conviction of its former chief executive, Khalil Nooruddin takes the reigns.
Sheikh Abdullah bin Saud al-Thani estimates two to three per cent inflation for 2012.
A new report says the ultra-rich have increased their fortunes and successfully managed the global downturn.
E&Y and Arqaam were accused of failing to comply with international accounting standards.
The government plans to allocate around 25 per cent of state revenues into the fund.
The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.