Global Investment House is set to hire Michael Helou, a former senior banker at Barclays , as its investment banking head, four banking sources said, as the Kuwaiti firm seeks to revive growth after a debt restructuring deal.
Global, one of the largest investment firms in the Mid
Jeddah Economic Company (JEC), chaired by Kingdom Holding Company chief Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has appointed Mounib Hammoud as the company's new chief executive officer.
Hammoud has more than 20 years of experience in urban planning and real est
Saudi Arabia's gross domestic product, adjusted for inflation, grew 3.1 per cent in the third quarter of 2013 from a year ago compared with a 2.7 per cent rise in the previous three months, the data from Central Department of Statistics showed on Wednesday.
While business activity growth in the UAE’s non-oil private sector accelerated to a record high in November as both output and new orders increased sharply, the growth rate remained slower than the average in Saudi Arabia, a survey showed.
The HSBC UAE Purchasing Managers
Global Islamic banking assets with commercial banks are expected to reach $1.72 trillion in 2013, as against $1.54 trillion last year, marking a growth of 11.68 per cent, a report said.
Six rapid-growth markets including Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey (Q
Egyptian business activity returned to growth in November, putting an end to a 13-month downturn as the country moves towards a constitutional referendum and elections, a survey showed on Wednesday.
In mid-November Egypt lifted a nighttime curfew that had lasted three months afte
United Arab Bank (UAB) has set up a dedicated desk to support Turkish businesses in the UAE, providing access to UAE contacts and networks, in a quest to become the preferred local bank for the Turkish business community in the UAE.
The mutual relationship will also support UAE b
The biggest challenge in the development of Islamic finance is the need for integration within the global architecture, a top regulatory official said.
Central Bank of Bahrain executive director for banking supervision Khalid Hamad was speaking yesterday at the fourth Internation
Bahrain has the second most developed Islamic finance sector, after Malaysia, with total assets worth $47 billion, said a recent analysis.
The analysis was based on the ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI), a numerical measure representing the overall
Dubai Mercantile Exchange (DME) has recorded 80 per cent higher trading volume in November, as compared to the same period last year.
It recorded an average daily trading volume of 7,450 lots in November, equivalent to almost 7.5 million barrels of crude oil per day, up 16 per ce