While low oil prices are a challenge for oil exporting countries, it is also an opportunity for stable GCC countries to implement deep structural reforms and move towards becoming more mature and diversified economies, say experts.
Dubai-based Emirates Investment Bank, a private and investment banking boutique, has posted a net profit of Dh30.6 million ($8.3 million) in the nine month period ending September, marking a 33 per cent rise over the same period of 2012.
The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has been named the “Best Private Bank in UAE for 2012” in the fourth annual Global Private Banking Awards.
“At a time when private banking h
LGT Group, the largest privately-held private banking and asset management group in Europe to be run entirely as a family business, is setting up its operations in Dubai, sources said.
The Liechtenstein-based LGT is the latest private bank
Representatives of financial institutions from more than 15 countries will take part in a special event organised by Euromoney with focus on private banking and wealth management in the GCC in Bahrain this week.
The first Euromoney GCC Pri
The National Bank of Abu Dhabi (NBAD) has appointed Dr Mariah Khan as the head of private banking’s velvet programme, the bank’s special private banking service developed exclusively for high net worth women.
In her new role, Dr Khan
The National Bank of Abu Dhabi (NBAD), a leading, has appointed Ghadeer Abu Hijleh as Head of Private Banking - Abu Dhabi and Al Ain.
Abu Hijleh will focus on promoting and expanding NBAD Private Banking business in the region on par with
Eddy Abramo, CEO of Societe Generale Private Banking Middle East, has won the “Outstanding Young Private Banker” award 2011 from Private Banker International (PBI).
The annual and independent award is based on a rigorous selection process
Al Habtoor Group, a leading business conglomerate in the UAE, said its top management recently held talks with Standard Chartered to discuss key business ventures.
Group chairman Khalaf Al Habtoor received&nbs
Credit Suisse announced that it has won the Banker ME award for the Best Private Banking Service in the Middle East for 2011.
“Our holistic approach to private banking enables us to offer comprehensive solutions tailored to the individual