Middle East

Middle East | 12 Mar 13

Some 30,000 expatriates who work in Kuwait’s public sector stand to lose their jobs after the country’s parliament approved legislation capping the percentage of foreigners allowed to do such work, according to Gulf media reports this morning.

Middle East | 11 Mar 13

Optimism regarding global economic growth prospects has increased in the last year among Gulf intermediaries, but the Eurozone crisis remains a major concern for global financial markets, according to a poll carried out in Dubai last month by Invesco Asset Management.

Middle East | 5 Mar 13

Dubai headquartered Alpen Capital has received a license from the Capital Markets Authority in Saudi Arabia to conduct “arranging” and “advising” activities in the country.

Middle East | 26 Feb 13

JP Morgan has appointed a new head of its Middle East private banking team.

Middle East | 25 Feb 13

Fund Advisers Europe, a Luxembourg-based advisory firm whose two principals worked for industry giant deVere at earlier points in their careers, is looking to expand into the Gulf, and has hired well-known ex-deVere exec Spencer Lodge to head up its new Dubai office.