The Euromoney Kuwait Conference, ‘Financial Sustainability, Regulatory Capacity – the Challenge of Change’ takes place April 8, at the JW Marriott, Kuwait. The event is co-hosted by the Ministry of Finance of the State of Kuwait. The Fifth Euromoney...
Three UBS analysts, Stephane Deo, Paul Donovan, and Larry Hatheway, last week released a report where they examined the consequences of a break up of the euro currency.? The outcome that at one point seemed most unlikely, is now...
Qatar National Bank announced on Thursday it has increased its stake in Dubai based-Commercial Bank International PSC (CBI) from 16.5% to 39.9% in a deal thought to be worth about $75 million. "The purchase reflects the confidence in the prospects of the...
Mubadala, the Abu Dhabi government's investment arm said it expected a significant drop in its 2012 investment outlay compared to last year's losses due to volatile global economic situation. The state-owned fund reported on Thursday an overall loss of US$1.14...
The UAE and Qatar receive upgrades to 'Emerging Market status' by Morgan Stanley Capital Investments. The upgrade facilitates foreign investment in both UAE and Qatar. New Emerging Markets. After a wait of several years, the equity index provider Morgan Stanley Capital International...
The tale of black swans and finance might be seen as abrupt and sudden but the concept plays an integral part in the definition of finance overall. The term was coined by Nassim Taleb and is one of the...
According to a new survey by Deloitte, financial institutions around the globe are seeking to increase focus on risk management owing to heightened regulatory scrutiny and greater concerns over risk governance. In response, banks and other financial services firms are...
Africa and Middle East Witness Increased M&A Activity: While Limited Confidence and Currency Fluctuations Influence Global M&A Deal Volumes Deals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturn Middle East and Africa...
The recent G-7 summit and announcement has put forward a new question in the economic world and it seems to be one that has been recurring throughout the history of international trade and finance. Is there another currency war...
The Fed is facing a new problem seeing the pursuit of its expansionary monetary policy. At one hand, it has liquidated the markets with bond buying which is the only ploy it can use in order to stimulate the...
It seems that the global trend of substituting cash with plastic money is catching up across the UAE, as revealed by a recent survey conducted by compareit4me.com, the UAE-based finance comparison site. According to the survey there is a rise in the...
Lenders in the UAE have been directed by the country's central bank to help reduce the debt burden of Emirati nationals. Some bankers are suggesting banks to write off certain personal loans. The Board of Directors of Central Bank reviewed...
As the saga of the LIBOR manipulation goes on, it is important to not only look at the impact it will have on all the stakeholders involved in the short run, but also to look into how this will...
E*Trade Financial Corp, the online U.S. broker, is closing its Dubai branch, just months after it was fined in the emirate for breaching anti-money laundering controls, it said Tuesday. "We made a business decision to close the branch in Dubai...
Bank of Sharjah, which was the first Middle Eastern financial institution to borrow from the loan market following the global financial crisis, has mandated banks for a two year money deal. It is refinancing the $150m one year loan it...
Abraaj Capital, the Middle East's largest private equity firm, has acquired Amundi, a North African private equity concern. The Dubai-based firm is jointly owned by Societe Generale and Credit Agricole and has assets worth $6.2bn. It seeks to expand its...
Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to number eight position, representing its highest ever ranking. The city is the only financial centre within MEASA to appear within...
A decrease in the sale of Gulf Islamic bonds reveals that the market for the Shariah-compliant instrument is still forming-up and that much more needs to be done to encourage investor interest. Data by Bloomberg points out, that compared to...
The first thing any individual needs to do when they undertake any sort of financial planning is to seek out a reputable and regulated advisor and firm. There are many firms to choose from, particularly in the Middle East....
Recently released figures of top UAE banks show a remarkable improvement in the reported second-quarter profits on the back of swift economic recovery and lower provisioning for exposure to state-linked entities. Recently released figures for the top UAE banks show...
ADIB, the largest sharia-compliant lender by market value in Abu Dhabi, will start investor meetings on 31 October ahead of a potential Islamic bond (sukuk) sale, a statement from the arranging banks said on Tuesday. Considered as a rare move,...
S&P reaffirms Kuwait's AA rating and has given the country a 'stable' lookout thanks to its existing resources of crude oil. Amidst the growing turmoil that some countries are facing with regard to their credit rating in the international market,...
Asian equities have dipped and the dollar rose to a six week high against the euro, today, with gains seen as new concerns of a possible euro zone debt restructuring; promoting market players to reduce risk. The euro fell as...
Banks in the United Arab Emirates have enough dollar liquidity to cover the needs of local banks and the exposure of the OPEC member's banks to the euro zone crisis is limited, a newspaper quoted a central bank official...
The US Treasury has agreed to sell $5.8 billion worth American International Group (AIG) shares, as it winds down ownership of the global insurer. The government is planning to sell 200 million AIG shares at $29 each; which stands...
National Central Cooling Company (Tabreed) said yesterday that Abu Dhabi's Mubadala Development Company, and its wholly-owned subsidiary General Investments now hold a majority 26.1 per cent stake in the company. In a statement to the Dubai Financial Market (DFM), Tabreed...
Ajman Bank has reported a cent percent growth in its first quarter income of Dh 49.5 million compared to the Dh.24.7 million in the same period, in the year 2010. The bank?s customer deposits stood at Dh 2.83 billion (compared...
Its boom time for private bankers as they target the rich amidst political unrest in Middle East. Banks such as UBS AG and Royal Bank of Scotland Group Plc (RBS) are targeting the rich people for wealth management operations....
With an announcement by the Federal Open Market Committee (FOMC) expected next week, the question that needs to be answered is whether the Fed should step in to rectify the situation and how much will be enough to address the...
Financial experts warn UAE residents to be aware of the circumstances in which personal bank accounts can be frozen, and urges them to be better prepared for any adversaries. Debt and visa changes are the most common reason for not...