Hints and tips:
...Andrew England It’s very different to Dubai. Dubai produces negligible oil....
...chief executive of the Dubai-based Nomura Asset Management....
...EFG-Hermes, an Egypt-based investment bank, has cancelled plans for a regional investor conference in Dubai next week. “It’s a precautionary measure,” said one person briefed on the decision....
...His appointment follows that in December of Sheikh Ahmed bin Saeed Al Maktoum....
...By Ahmed Al Omran in Jeddah Additional reporting by Najmeh Bozorgmehr in Tehran Production: Adrienne Klasa...
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
...Mr Rumaihi works under Sheikh Khalid bin Ahmed al-Khalifa, the royal court minister....
...But the Dubai venues, in the Al Quoz district and DIFC, along with the Beirut space, are tapping into buoyant local markets....
...“He was killed in town – he went to pray and when he left, two al-Shabaab attacked with pistols,” says Ahmed, explaining that his father’s job made him a target....
...Law firm Taylor Wessing has appointed Tahir Ahmed as its new corporate finance partner in Dubai....
...Part owned by Qatar Islamic Bank, QInvest has received regulatory approval in Egypt for its merger with EFG-Hermes, the Cairo-based regional investment bank, creating the biggest regional investment bank...
...London-based European Islamic Investment Bank bought a majority stake in Rasmala in January, after the Dubai-based investment bank had last year closed its brokerage....
...QInvest, part-owned by Qatar Islamic Bank, is chaired by Jassim bin Hamad al Thani, the son of the country’s prime minister, an influential businessman who plays an important role in guiding the country’...
...Cash-rich Islamic banks are lapping up issuances, with demand outstripping supply. “I don’t think it’s a fad at all,” says Usman Ahmed, fixed-income fund manager at Emirates NBD in Dubai....
...Analysts say the DIFC’s approach to debt negotiations has been affected by last year’s abrupt departure of its former governor, Ahmed al-Tayer, who had been instrumental in co-ordinating the emirate’s broader...
...Ahmed al-Tayer, long-standing Emirates NBD chairman, was removed from his position in June and replaced by Sheikh Ahmed bin Saeed Al Maktoum, chairman of Emirates Airlines....
...Sheikh Ahmed bin Saeed Al Maktoum, chairman of the emirate’s supreme fiscal committee, denied “rumours” that the government would restructure upcoming maturities, adding it may “refinance” maturities....
...Last year, Ahmed Abdel-Fatah al-Gabry, a businessman known as Ahmed al-Rayan, was released after 22 years in prison for his role in the fraud, according to local media reports....
...Moreover, banks are doubly exposed via the property market that Dubai Holding et al. abandoned from 2009 to 2010. Property prices have halved in the emirate since 2008....
...“Trade in Dubai hasn’t been affected, the moving of goods has not been affected,” says Ahmed Butti Ahmed, director-general of Dubai Customs....
...Ahmed al-Tayer, a former finance minister, became governor at the Dubai International Financial Centre last year....
...Sultan Ahmed bin Sulayem, a close aide of ruler Sheikh Mohammed bin Rashid al-Maktoum since Dubai first set out to become a global economic hub, has been replaced as chairman by Ali Rashid Ahmed Lootah....
...The three lieutenants – including Dubai World’s chairman, Sultan bin Sulayem – who led Dubai’s debt-fuelled overseas investment drive and real estate bubble over the past decade, are replaced by Ahmed al-Tayer...
...Omar bin Sulaiman, governor of the centre since 2004, has been replaced by Ahmed al Tayer, a former finance minister....
...And while Saudi banks promote their Islamic-compliant offerings and downplay ”traditional” banking, the prince made much of his fortune betting on ailing Citibank in 1991....
International Edition