Middle East
Middle East | 1 Jan 13
report uae to limit expat mortgages
The United Arab Emirates Central Bank plans to limit the size of residential real estate mortgages that expatriates living in the UAE may take out to 50% of the value of the property, according to Gulf media reports, which cite anonymous banking and real estate industry sources.
Middle East | 20 Dec 12
emirates nbd to buy bnp paribas egypt
Emirates NBD has signed a deal to buy BNP Paribas Egypt for $500m, subject to approval from the Central Bank of Egypt and other approvals in Egypt and the United Arab Emirates.
Middle East | 19 Dec 12
credit suisse to shift focus from dubai to qatar
Credit Suisse is reportedly planning to cut its investment banking business in Dubai in order to focus on Qatar and Saudi Arabia.
Middle East | 5 Dec 12
leading financial figures acknowledge need
Financial services in the Gulf Cooperation Council countries will benefit from forthcoming changes to regulation, according to leading figures within the industry who recognise there is a need to deal with issues such as trust and product awareness.
Middle East | 4 Dec 12
advisers say uae change to 100 ownership
Financial advisers specialising in catering for expatriates in the United Arab Emirates say they would welcome a change to laws that currently prevent them from owning more than 49% of the companies they set up and operate there but are not holding their breath.