Emirates NBD has lowered its bad debts forecasts and paid back Dhs7.8 billion of crisis-era funding to the Ministry of Finance.
Dubai goes back to its roots and targets commodities traders with a local pearl auction.
Rouhani, who took office in August, had the supreme leader’s approval for his move to build bridges with Washington.
Lombard Odier plans to increase its assets in the Middle East to 20 per cent of its global business by the end of 2017.
Deal value in the third quarter touched $19.1billion, up 99 per cent compared to the same period last year.
Having roughly $54 billion assets under management, private banking contributes to around 70 per cent of the total group’s revenues.
Strong loads for Ramadan, coupled with capacity expansion, kept the region in pole position.
Julius Baer’s total client assets amounted to CHF 304 billion ($321 billion) at the end of June 2012, with assets under management accounting CHF 218 billion for ($230 billion).
The U.S. shale boom has already altered the landscape of oil trade.
Banking assets in the GCC now account for around or slightly above a quarter of all banking assets in the region.
Facebook’s global mobile advertising revenues soared to 41 per cent of overall revenues in Q2 2013.
Saudi Arabia, Kuwait and the UAE are already providing Egypt petroleum products until the end of December
The Swiss bank has 40 years of wealth management experience and is owned by Abu Dhabi government vehicle Aabar Investments.
Global oil prices are expected to fall moderately in 2014 as new supply comes on line from the United States.
Around 69 per cent of sovereign funds in the Middle East cited an increase in allocation of their investments to alternative options.
Vodafone, Kuwait’s Zain, UAE’s du and Kuwaiti internet service provider Zajil will create the Middle East-Europe Terrestrial System
State news agency WAM reported on a statement from the Islamic Crescents’ Observation Project.
Founded in 1976, EIB changed its strategy away from pure asset management to a wealth management platform offering private and investment banking services to a broader client base.
Airbus has recently raised its 20-year jet demand forecast, saying the world needed to double its fleet to meet demand.
A survey has found that 42 per cent of companies always research a new employee on the internet before hiring them.
Egypt has received $3 billion from the UAE and $2 billion each from Saudi Arabia and Kuwait
Strong fundamentals and attractive valuations are driving the Middle East market, says Ayman Abuhabsa, head of Private Banking at Mashreq.
The Egyptian army ousted Mursi, a Muslim Brotherhood leader, on July 3 after mass protests against his one-year rule.
Jordan was hit by a financial crisis last year as foreign aid fell and welfare payments soared.
MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.
Europe’s biggest airline by sales has seen some of its market shares gobbled up by ambitious Gulf airlines.
A World Bank report found the Middle East and North Africa have made the least progress over the last 50 years in improving women’s economic opportunities.
IATA projects that Middle East carriers will post a profit of $2.1 billion in 2014.
The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.
A 50-member committee has been appointed by the interim government to amend the constitution.