Middle East
Middle East | 7 Nov 12
hsbc obama victory boosts mena stability
Today’s election victory for US Presidential incumbent Barack Obama is likely to mean greater financial stability for the MENA region in the short and long term, according to HSBC Global Asset Management’s chief business strategist Peter Marber.
Middle East | 5 Nov 12
dubai fsa fires warning over egregious conduct
The Dubai FSA is calling on member companies of the DIFC not to reward their client facing staff excessively, ahead of a planned thematic review of commission and bonus payments in the first half of next year.
Middle East | 1 Nov 12
standard chartered moves into shariah space
Standard Chartered is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.
Middle East | 30 Oct 12
harrods bank ready to expand under qatari owners
Qatar Holding, the new owners of Harrods Bank, are ready to “take full control of the luxury store’s private banking arm”, according to a report in London’s Daily Mail.
Middle East | 30 Oct 12
Credit Suisse and qatar plan joint venture
Credit Suisse Group and a unit of the Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, plan to start an asset-management joint venture, Bloomberg reported.