Emirates NBD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of its workforce, three sources familiar with the matter said on Monday.
March 13, 2012 2:22
Over nearly two decades, Malaysia's second-richest man Ananda Krishnan has quietly initiated a number of deals that have left observers perplexed but earned him a reputation of being an impeccable timer of markets.
March 7, 2012 2:59
Fitch Ratings has assigned Doha Bank Q.S.C.'s (Doha Bank) $2 billion euro medium-term note (EMTN) programme a Long-term senior unsecured debt rating of 'A' and a Short-term senior unsecured debt rating of 'F1'.
March 6, 2012 10:52
Japanese investment bank Nomura is setting up a foreign exchange trading team in Dubai to meet growing demand among its institutional clients to trade Middle East and North African currencies, the bank said on Monday.
March 5, 2012 1:28