Middle East

Middle East | 24 Apr 13

Saudi Arabia is considering changing its working week to Sunday through Thursday, to bring it into line with most of its Gulf neighbours, but is finding the move opposed by traditionalist clerics.

Middle East | 17 Apr 13

The Qatar Financial Centre has plans in place to buy hedge funds as part of a strategy to bolster the asset management industry based in the country.

Middle East | 26 Mar 13

Islamic banking assets with commercial banks in the Gulf Cooperation Council region leapt 14% in 2012, paced by Qatar, according to Ernst & Young’s Global Islamic Banking Center.

Middle East | 26 Mar 13

Wealth management company Mondial has established a joint venture company in India with Mumbai-based Padmakshi Pvt, with the intention of accessing the burgeoning market for financial advice in the fast growing and increasingly wealthy country.

Middle East | 25 Mar 13

It is estimated that at least 2 million expatriates working in Saudi Arabia are at risk of losing their jobs, with about 250,000 companies yet to meet ‘Saudisation’ requirements “days before the deadline”, according to local media.