Tuesday 24 January 2017

Barclays reinforces wealth and investment management team

Barclays announced today the appointment of three new senior bankers in its Wealth and Investment Management division for Middle East and North Africa (Mena). Antoine Roger Chemali and David Stephan both join Barclays Wealth and Investment Management division as directors, while


Emirates Real Estate Fund secures $190m finance

Emirates Real Estate Fund (EREF) has agreed a $190.6-million (Dh700 million) Shari’a compliant finance facility with Emirates NBD, on “attractive” commercial terms. The new facility will help contribute to restructuring the balance sheet and creating a more effi


QIC Insured opens new branches for motor claims

QIC Insured, the retail arm of Qatar Insurance Company (QIC) said it has made the filing of a motor claim (both comprehensive and third party liability) a smooth process for its customers. Announcing the new service, the Qatari firm said now customers need to just simply visit an


Qatar's non-oil economy set for solid growth

Qatar’s efforts to broaden the economic base away from a reliance on hydrocarbons are gaining pace, as indicated by the country’s non-oil growth figures, said a new report by the global publishing firm Oxford Business Group (OBG). The country's plans to implement


Mashreq customers get early access to Samsung Pay

Mashreq, UAE’s leading financial institution, said it has become the first bank in the region to offer customers early access to Samsung Pay – a best in class and secure mobile payment service that works as a contactless credit or debit card. With the roll-out of Sams


Turkey prices $2bn global 10-year bond

Turkey has priced a $2-billion senior unsecured global bond which offers a semi-annual coupon of six per cent for a tenure of 10 years. QNB Capital acted as a joint-lead managers and book-runner on the transaction along with Barclays, Citi, and Goldman Sachs. The U


Abraaj Group acquires majority stake in Chile firm

The Abraaj Group, a UAE-headquartered investor operating in growth markets, has acquired through its funds a majority stake in Casaideas, a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia. The transaction represents the fi


UAE Exchange wins Service Olympian Award

Global remittance, foreign exchange and payment solutions brand UAE Exchange has won the Service Olympian Award 2016 under the Best Customer Experience Measurement category. The award is in recognition of the brand’s commitment towards continuous improvement in enhancing th


Qatar al khaliji's operating income soars to $329m

Qatar-based Al Khalij Commercial Bank (al khaliji) said its net operating income for 2016 soared to QR1.2 billion ($329 million), up one per cent over the previous year despite various global economic challenges. Announcing the results, the Qatari bank said its net profit hit QR4


UBS in bid to mobilise private wealth for public good

UBS, a top asset manager and investment bank, recently presented a white paper titled Mobilizing private wealth for public good at the World Economic Forum (WEF) Annual Meeting 2017 in Davos, Switzerland. UBS believes that this is a critical element of responsive and responsible

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