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  • 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
  • etihad-news

    Revenues up 31 percent at Abu Dhabi’s Etihad Airways

    Revenue at Etihad Airways were up 31 percent in the second quarter as the Abu Dhabi-based airline continued to expand its global network.

    July 4, 2012 6:04
  • Glencore fights to save $26 billion Xstrata bid

    Xstrata investor backs Qatar proposal for better deal

    Activist fund Knight Vinke, a top-20 shareholder in miner Xstrata, said on Tuesday it supported a surprise call from fellow investor Qatar for better terms in a takeover offer from commodities trader Glencore .

    July 4, 2012 12:07
  • Dubais-DIFC-investment-gets-1.04-billion-loan-to-repay-Islamic-bond

    Dubai Emirates Islamic picks banks for benchmark USD bond

    Dubai's Emirates Islamic Bank, a unit of Emirates NBD, has picked banks for a potential benchmark-sized dollar sukuk, or Islamic bond, lead arrangers said on Tuesday.

    July 4, 2012 11:07
  • 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
  • Harrods

    Qatar plans Harrods hotels in Malaysia, Paris

    Qatar to set up Hotel Company to make Harrods brand global; Will build hotels in Kuala Lumpur, New York, Paris, China; About $634 mln to be spent on Kuala Lumpur development

    July 3, 2012 5:26
  • riyadh power plant

    Saudi’s Al Fanar Co signs $800 million Islamic loan

    Al Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a 3 billion riyal ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday.

    July 3, 2012 5:22
  • 200-etisalat

    UAE overhauls Etisalat board after profit slump

    Eissa al-Suwaidi named chairman, replacing Mohammad Omran; Abu Dhabi ruler also appoints six new directors; Omran was Etisalat's chairman since 2005

    July 3, 2012 5:22
  • Lotos oil

    Poland’s Lotos takes first Saudi oil shipment

    Polish refiner Lotos has received a shipment of crude oil from Saudi Aramco , the possible first step in a long-term relationship between the two state-controlled firms, Lotos said on Tuesday

    July 3, 2012 5:21