Deutsche Bank must pay the largest ever fine levied by the regulator of Dubai's financial free zone for what the watchdog described as "serious contraventions" by the German lender's wealth management business in the emirate.
UAE-based private equity firm Ithmar Capital has picked Credit Suisse and Deutsche Bank to manage the flotation of a vehicle it hopes to list on the Dubai bourse by year end, sources close to the matter told Reuters.
Ithmar is aim
Deutsche Bank and Jebel Ali free Zone (Jafza) announced today the signing of a memorandum of understanding (MoU) to support the free zone’s current and future clients.
Through this MoU, Deutsche Bank will be able to support
Senior managers from more than 25 regional companies and institutional fund managers from across the world have come together for a Deutsche Bank conference in Dubai today (February 5).
The two-day Annual Mena Conference said Duba
Deutsche Bank has partnered with Al-Holailah Charity Society, which is affliated with Saudi Arabia’s Ministry of Social Affairs, as part of its commitment to corporate social responsibility in the kingdom.
The bank will supp
Deutsche Bank is celebrating the five-year anniversary of its Middle East Foundation.
The foundation focuses on supporting projects from the region, with an aim to give back to the societies the bank is operating in, said a statem
Regional healthcare companies and international firms are meeting at a two-day investment conference in Dubai Healthcare City starting today (November 13).
The Mena Healthcare Equity Conference, hosted by Deutsche Bank, at the Moh
Deutsche Babcock and partner Bilfinger Babcock have secured an order for the replacement of five new heat recovery steam generators (HRSGs) at Dubai Aluminium's (Dubal) Jebel Ali power plant.
The project, which is expected to
Deutsche Bank's chief executive, Josef Ackermann, said he expected banks around the world to drop the model of investment banking as a standalone business as a result of the financial crisis.
"We are seeing the end of pure investment banks