About the author

“World’s local bank” may leave Lebanon

HSBC has held talks about selling its Lebanese business to Beirut-based Blom Bank in a move that would further retrench the bank's Middle East...

ADIA takes back more of its money

The Abu Dhabi Investment Authority (ADIA) last year withdrew 5% of its assets from external investment firms, deciding instead to manage them in-house by...

Oil tipped as year’s top commodity by Carmignac

France-based asset manager Carmignac Gestion is buying petrochemical-related stocks for its Portfolio Commodities fund and says oil is its most bullish commodity in 2016. Michael...

BLME appoints ex-NBK man as new CEO

The Bank of London and the Middle East (BLME) will appoint Jabra Ghandour as its new chief executive and board member on March 25. Ghandour...

Turkey produces best possible election result, says strategist

The Turkish election on Sunday that allowed the AKP to form a single-party government while denying them enough seats to call a referendum on...

Qatar fund invests in $8.6 billion Manhattan project

The Qatar Investment Authority (QIA) is making good on its vow to step up investment in US assets by taking a 44% stake in...

Sovereign sukuk issuance tipped to rise in second half

Gulf sovereigns may increase their issuance of sukuk, Islamic bonds, in the second half of the year to offset deficits caused by the low...

Abu Dhabi Global Market courts Aberdeen and others

The UAE's newest financial free zone, the Abu Dhabi Global Market, is preparing to woo potential tenant companies and has already met with asset...

Middle East private equity fundraising rebounds

Private equity funds in the MENA region raised $1.2 billion in 2014, the highest yearly total since 2008, according to an annual study. The research,...

Dubai regulator fines Arqaam for compliance failures

Dubai-based asset manager Arqaam Capital has been fined $50,000 and told to engage an independent compliance expert to correct failings in anti-money laundering processes...

Frontier markets accelerate their equity lead

Frontier market equities extended their lead over emerging and developed market indices in July, according to a leading index provider. The Russell Frontier Market index...

Categories

spot_img