09/16/2012

Qatar bank acquires two London properties

Qatar First Investment Bank (QFIB) has acquired two properties in central London, The Leinster Inn Hotel at Leinster Square and Westbourne House, Westbourne Grove, the company said in a statement.

09/13/2012

Trafigura gets $400 mln loan from Mideast banks-sources

"Before, the pricing they could get from international relationship banks meant they didn't have to expand too far from them, but now they are looking at other sources," said a second source, whose bank joined the transaction.

09/13/2012

Jordan War Talk Hurts Real Estate Sector

Jordan’s once booming real estate sector is struggling under political and economic uncertainty while, citing the crisis in neighboring Syria, investors and bankers are predicting difficult times.

09/12/2012

Fifth of UAE bank assets exposed to property - cen bank

The Central Bank said that the UAE’s banking sector had learned lessons from property crashes such as in the US in the 1980s and Japan and Sweden in 1990s, which had helped it contain its own property crisis, which hit in 2008-2009.

09/05/2012

PE firm buys 6.6 pct of Jordan Dubai Islamic Bank

The firm declined to disclose the monetary value of the deal. It is not yet considering seeking a seat on the bank's board because the term of the current board has yet to expire, Foursan's vice-president Jameel Anz told Reuters.

09/04/2012

Alpen Capital opens office in Bangalore

Alpen also operates a financial advisory and consultancy firm in India called Sarasin Alpen India, a subsidiary of the Swiss private bank, Bank Sarasin.

09/04/2012

GulfMena to launch DIFC-based fund with Solo Capital

The firm will act as the manager of the fund, while UK-based investment manager Solo Capital will retain an advisory role. Morgan Stanley has been appointed as prime broker, while Apex will act as the fund administrator.

08/29/2012

NSE exploring tie-up with Qatar Exchange

NSE’s chief executive officer (CEO) Ravi Narain on Tuesday met top officials of Qatar Exchange and briefed them about facilities that the Indian bourse offers to foreign investors.

08/29/2012

Emirates NBD recognized in inaugural Visa Leader Awards

The Leader Awards seeks to recognise and honour financial institutions that demonstrate best practices in implementing secure and reliable fraud management infrastructure, and aims to sustain and enhance risk management standards across the financial serv

08/26/2012

EFG Hermes Securities Brokerage Achieves Major Milestones

Despite a challenging 2011 for domestic markets, during which the Egyptian Exchange lost nearly half its market capitalisation, as well as further difficult conditions during 2012, the EFG Hermes Securities Brokerage Division has successfully maintained i

08/23/2012

Dubai property valuations drop 26% in H1

In the first half of the year, the Real Estate Appraisal Centre (REAC) at Dubai Land Department (DLD), valued 1,090 properties at the request of property owners with a total value of AED42bn (US$11.4bn), the WAM news agency reported.