Saxo Bank (Dubai) Wins Banker Middle East Award

Saxo Bank (Dubai) Ltd, the online trading and investment specialist, won the Banker Middle East's 'Best FX platform' product award at a ceremony held on Tuesday evening at the Emirates Towers.


Saudi's NCB Capital will launch four funds this year

Jawdat Al Halabi said the National Commercial Bank unit, which has 44 billion Saudi riyals (Dh43 billion) in assets under management, will launch the funds in the second half of the year, with two aimed at foreign markets and two domestically focused.


Abu Dhabi's Finance House to buy CAPM - sources

Under an agreement between the two parties, Finance House will acquire CAPM's investment banking and asset management licence, offering a premium of between 5 to 10 percent to the value of those businesses, one of the sources said speaking on conditi


Emirates NBD launches $1bn five-year bond

The lender is tapping debt markets for a third time this year to take advantage of better funding costs and liquidity which have allowed three other Gulf borrowers to announce bond plans this week.


Qatar banks delay launch of brokerages

Several Qatari banks may delay or even halt plans to offer brokerage services following a recent directive from Qatar's central bank about the activities they would be allowed to carry out, sources said.


Qatar Wealth Fund Buys 2% of France's Total

The oil-rich nation began building up shares in the oil giant last summer and now has a stake of more than 2 billion euros, making it one of the company's top five shareholders, said Les Echos.


Dim sum bonds sprout in Dubai

Dubai-based Emirates NBD, the largest bank in the United Arab Emirates, is selling $119 million in so-called dim sum bonds, debt securities issued in the Chinese yuan outside of mainland China, primarily Hong Kong.