Middle East

Euler Hermes predicts growth in UAE

Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.


HSBC appoints new personnel to address regional growth

New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.

Palmet Enerji hires Garanti Yatirim Menkul Kiymetler, BGC Partners as IPO advisers

Two firms were hired by Palmet Enerji to advise it on its IPO scheduled next year. Turkey-based Palmet Enerji said it had hired Garanti Yatirim Menkul Kiymetler and BGC Partners to be its advisers for the group's initial public offering.

Andrew Bates is head of Nedbank Group's Middle East private banking unit

The Nedbank Group appointed Andrew Bates as head of its Middle East private banking unit. Andrew Bates was appointed as head of Nedbank Group's Middle East private banking unit.


Latest News

Senaat, because of surging stock values, had engaged the services of banks to run its IPO. Senaat, Abu Dhabi holdings firm, owns companies such as National Petroleum Construction Co, has engaged the services of HSBC Holdings Plc and JP Morgan Chase & Co for a share sale.
With plans to reach 10,000 companies by 2015, The Dubai Multi Commodities Centre had become the largest free zone in the United Arab Emirates.
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
Emirates NBD agreed to a five year sponsorship deal with Manchester United Football Club. The largest bank in the United Arab Emirates, the Emirates NBD, recently announced a five year partnership agreement with Manchester United Football Club.
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
Lamborghini unveiled a model of Lamborghini Aventador LP-700-4 carved out of solid gold and adorned with precious metals and gemstones.
Perion Network's share prices declined as the promised premium for the merger was lost. The share price for the Perion Network Ltd had its largest decline in more than three years as its investors were disappointed with the lack of a premium for its merger with Conduit Ltd's Client Connect business.
Masharie, a subsidiary firm of Dubai Investments, sold its stake in Anchor Allied Factory to Alkhabeer Capital.
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