Friday 11 July 2014
 
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Dubai court freezes assets in GFH fraud case

A Dubai court has extended an order to freeze the worldwide assets of a former official of GFH Capital, the Dubai-based subsidiary of Bahrain's Gulf Finance House (GFH).   David Haigh, former managing directo

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Shuaa Capital swings to Q1 profit

Leading UAE investment bank Shuaa Capital has a registered a net profit of Dh8.2 million ($2.23 million) in the first quarter of 2014 when compared to a net loss of Dh5.9 million last year. Announcing the results, the Dubai lender

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Shuaa swings to $2.2m Q1 net profit

Leading UAE investment bank Shuaa Capital has registered a Dh8.2 million ($2.23 million) net profit in the first quarter of 2014 compared to a net loss of Dh5.9 million for the same period the previous year. The Dubai-based lender

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Art now 'a viable asset class for ME investors'

The necessary market maturity and support infrastructure is now in place to consider art as a viable standalone asset class for Middle East retail investors. This was the consensus view of a panel of industry experts from Christie

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Citadel Capital invests $376m in assets

Citadel Capital, a leading investment company in the region, said it has completed asset purchases and add-on investments worth a combined EGP2.63 billion ($376.2 million). The new acquisitions and follow-on investments are part o

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GCC Islamic bank assets surge 14pc to $445bn

The Sharia-compliant assets at commercial banks in the GCC region climbed 14.1 per cent from a year earlier to $445 billion at the end of 2012, according to a report. While Islamic banking assets posted solid growth the conventional ban

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UK asset manager plans Abu Dhabi hub

UK-based asset management firm Speedy International has announced plans to open a 30,000-sq m regional hub in Abu Dhabi as part of investment plans for its Middle East operations. Speedy International, which first opened operation

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New UAE fund rules worry Gulf asset managers

  By introducing new rules on the sale of foreign funds, the UAE aims to shield its investors from losses as global markets struggle. But the country risks damaging its role as a hub for asset management in the region.

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JLL helps in DIFC property transaction

Jones Lang LaSalle, the leading real estate investment and advisory firm, said it had played a key role in the successful disposition of a large prime commercial asset located within Dubai International Financial Centre. The Building 6, wh

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StanChart wins transaction awards

Standard Chartered has announced that it won two prestigious Transaction Banking Awards by The Asset Magazine. At The Asset Triple A Transaction Banking Awards 2012, Standard Chartered was named ‘Best Treasury and Cash Management Bank

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