The Bank of London and the Middle East (BLME), Britain's largest standalone Islamic bank, plans to set up an office in Dubai to expand on it's offerings in capital markets and wealth management. The bank is experiencing 15 percent growth...
World Market Updates: Brought to you in association with Dubai Gold and Commodities Exchange (DGCX) Academy MARKET PULSE Fed. chairman nominee Janet Yellen said the economy is performing "far short of it's potential." Forecast: Fed will pare QE to $70 billion at...
Banks prioritise automation and efficiency in payments and trade finance to grow their transaction banking business 69 per cent cite operational inefficiencies as a barrier to growth in core businesses Cross-border payments processing the top priority for investment globally 84 percent said...
Spend Wise, Save More – A Short Guide to Better Financial Planning Four simple, yet useful, tips and tricks to save money and help you tread carefully during tough times. No one wants to be wasteful with money, but with our...
The Abu Dhabi Investment Council has partnered with two other Japanese investors to buy a billion dollar Tokyo office tower. Market information shows that this is the biggest property deal in Japan since February, and the largest involving a foreign...
Over 80 million people in the Middle East and Africa will turn to mobile banking by 2017. After many years of speculation and high hopes, mobile money is: “Not the next big thing. It is already a big thing." -- Tracey...
Investors advised to include 'Risk Assets' in Portfolio to beat Inflation in 2018 Investors now have little alternative but to support risk assets if they want to beat inflation, affirms deVere Group's International Investment Strategist Tom Elliott. The assertion comes as global...
The phrase too big to fail did not exist in the world of finance before the 2008 financial crisis. The fact of the matter was that companies and institutions were thought of as being independent and their finances were...
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...
London Interbank Borrowing Rate or LIBOR is one of the most fundamental tools that used in today's financial industry. It makes up the basic building block when it comes to deciding the prices and structures of more complex and complicated...
Bitcoin seeks to become the de-facto world currency for online purchasing. Arabian Gazette's Zain Naeem looks into the Bitcoin phenomenon. Imagine an electronic currency that can be transferred and used for transactions from one peer to another. Imagine how this will affect...
The analogy between any competitive sport and the cutthroat world of finance works at many different levels. They overlap when it comes to training, but it is in the real world that competition turns into a 'dog-eat-dog' proposition. This makes...
Jeddah-based Islamic Development Bank (IDB) has entered into a three-year agreement with the World Bank to share their expertise in Islamic banking and finance and study their impact on global economy. Under the agreement, both the banks will extend cooperation...
Kuwait's Global Investment House shareholders on Sunday approved a final plan to create new special purpose vehicles that will carry the company's debt as part of the $1.7 billion debt restructuring plan. Global Managing Director Maha al-Ghunaim told a news...
2013 Invesco Middle East Asset Management Study 20% of Sovereign Wealth Funds new assets, are allocated to private equity Property and infrastructure are not the big SWF ‘alternative investment’ story Major sovereign governments and sovereign wealth funds (SWF's) in the...
Dubai Islamic Bank (DIB) has shortlisted five banks for sukuk, an Islamic bond, othat will be issued at the end of May, Reuters quoted three anonymous sources as saying on Tuesday. The Islamic lender has mandated Deutsche Bank, Emirates NBD, HSBC,...
The unique partnership intends to enhance the offerings at the heritage sailing club and create a gateway for opportunities for the private equity firm Global private equity firm Berkeley Assets has formed an alliance with Dubai Offshore Sailing Club (DOSC),...
Ernst & Young (E&Y) has announced it will be expanding its service lines and industry sectors by taking in 20 new partners across the Middle East and North Africa (MENA) region. This step will bring the organization's total number of...
The new centre supports Dubai's initiative to become the Capital of the Islamic Economy through it's three academic programs on human resources development, scientific research, and community service. Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai,...
A top UAE banker said on Sunday Islamic finance can be an ethical and sustainable business model in the global financial landscape in order to avoid a repetition of the financial crisis' shocks. Speaking on Bloomberg Television's inaugural episode named "...
Region’s leading financial comparison website receives further backing from existing investors, while also attracting investment from influential collection of new investors. compareit4me.com allows users to compare finance and banking products from around the Middle East. compareit4me.com, the leading financial comparison website...
Abu Dhabi is all set to foray into Middle East's financial hub, competing with established hubs like Dubai's DIFC, Qatar's QFC and Bahrain's Financial Harbour. Abu Dhabi launched Sowwah Square, a 3.5 million square metre commercial and residential project, at the...
Rajat Gupta is?the son of an Indian independence hero. He often quoted Gandhi as an inspiration, made his way from the lower middle class roots in Kolkata to the elitist Harvard Business School and went on to become the...
The recent proceedings taking place at Olam and Muddy Waters reads like a good quality thriller rather penned by Stephen Frey himself mixed in with cross borders trading and some mafia work thrown in for good measure. In this...
Qatar's fifth-largest bank by market value is considering selling shares in London as part of a plan to boost capital by up to $1.6 billion in 2013, four banking sources said in a report published by Reuters. Speaking on condition...
Italy's economic crises have worsened, amid widespread distrust of the banking system, to the extent that the Mafia has become the country's biggest 'bank' and spreading its tentacles across the economy. According to a report issued by anti-crime group SOS...
Chasing India's currency problem. It seems that India is constantly a step behind in the present investor confidence plunge in the country. With a lack of control over the falling currency, investors are leaving the country as capital outflows increase. The efforts...
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...
The chief executive officer of the UAE's Securities and Commodities Authority (SCA) said Saudi Arabia's long awaited move to open up its financial markets to foreign investors will bring rewards to its Emirati counterparts. Abdullah Al Turifi, the head of the SCA,...
Unrest in neighbouring Syria and US-led economic sanctions on Iran has dented the Iraqi currency despite earning billions of dollars per month in oil revenues, an AFP report suggested. The Iraqi dinar stayed stable at around 1,160 per US dollar...