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.
This week marks the launch of Social Business Week 2012, an event organized by the Family Bank, the Middle East's first Islamic microfinance bank, in collaboration with the Grameen Creative Lab.
It provides wealth management, financial engineering, and advisory services in addition to a competitive package of online and offline brokerage services in terms of pricing, fees, execution, and support. Working with a wide range of individual and instit
"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.
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.
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.
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.
Alpen also operates a financial advisory and consultancy firm in India called Sarasin Alpen India, a subsidiary of the Swiss private bank, Bank Sarasin.
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.
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
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
The deal is conditioned upon Shlomo Eliahu acquiring control of Migdal from Generali, Europe's No. 3 insurer, as well as regulatory approval.
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.