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  • Dubai's Tamweel picks banks for roadshows; sukuk may follow

    Dubai’s Tamweel postpones asset-backed sukuk sale

    Tamweel was planning to raise $235 mln issue; Roadshows completed end of June; Regional investors and traders say deal too complex

    July 4, 2012 6:10
  • LGT Group

    LGT hires Merrill’s Middle East wealth chief

    LGT Group, the Liechtenstein-based private bank, has hired Tamer Rashad from Bank of America Merrill Lynch to run its newly established wealth management business in the Middle East, it said in a statement Wednesday.

    July 4, 2012 6:09
  • 200-nbad-logo

    UAE’s NBAD expands into Malaysia with new branch

    National Bank of Abu Dhabi , the largest lender by market capitalization in the United Arab Emirates, has opened its first branch in Malaysia, expanding the bank's global operations to 14 countries.

    July 4, 2012 6:05
  • EFG-QInvest tie-up

    HSBC buys at least 5 percent of EFG Hermes

    British bank HSBC has acquired a stake of at least 5 percent in EFG Hermes, the Middle East's biggest home-grown investment bank, Egypt's stock exchange said on Tuesday.

    July 4, 2012 10:23