Emerging capital markets will double their global index share by 2030, with Saudi Arabia expected to emerge as the seventh largest emerging capital market by 2030, says a report.
Saudi Arabia will account for the second largest sh
BlackRock said Credit Suisse's guilty plea in a US tax evasion case does not affect its business relationship with the Swiss bank.
Last month, Credit Suisse pleaded guilty to a US criminal charge and will pay more than $2.5 bi
Credit Suisse has become the largest bank in 20 years to plead guilty to a US criminal charge, and will pay a $2.5 billion fine to authorities for helping Americans evade taxes, Attorney General Eric Holder said.
But the Swiss ban
Consumer optimism has dropped in Saudi Arabia with just 18 per cent expect to see improvements in the state of their personal finances, a report said, noting that this is the second consecutive drop in optimism seen within the region.
Credit Suisse missed expectations with a marginal uptick in fourth-quarter net profit yesterday after increased legal costs arising from US probes into alleged tax evasion and the sale of mortgage-backed bonds.
Credit Suisse is cu
Qatar recorded the highest average wealth per adult of $153,294 in mid-2013 in the Mena region, growing two per cent from the same period last year, said a report.
The fourth annual Global Wealth Report 2013 released by Credit Sui
Credit Suisse's top investment banker for Qatar has resigned, three banking sources said, in a move that comes as the Swiss bank tries to bolster operations in the Gulf state, home to its second-largest shareholder.