The regional head of Canada’s giant financial services group, Canaccord Genuity announced that it will be doubling its investments in its Middle East and India banking businesses over the coming five years. The company was recently involved in sealing the C$Five billion deal between Dubai ports operator DP World and Caisse de Depot et placement… Continue Reading
Category Archives: Global
Climate Change Could Force Millions to Flee Middle East
Researchers of the Max Planck Institute for Chemistry in Germany and the Cyprus Institute in Nicosia have found that limiting global warming to just 2 degrees Celsius will not be sufficient to prevent uninhabitable conditions from developing in the Middle East and North Africa. The 2-degree limit is the compromise target temperature that was reached… Continue Reading
Dubai Ranked 25th for World’s Most Expensive Office Rentals
According to the international real estate services firm CB Richard Ellis, Dubai is among the world’s most expensive countries in which to rent office space, ranking 25th in the world. Overall occupancy costs average out to about $92.56 per square foot in the Gulf emirate. Abu Dhabi was also examined in the report, but found… Continue Reading
UAE and South Korea Strengthening Economic Ties
Abdullah Khalfan Al Rumaithi, the United Arab Emirates Ambassador to South Korea said in an interview that the UAE is eager to enlarge and strengthen its partnership with South Korea, especially in the areas of renewable energy, oil, training, education, construction, shipbuilding, semiconductors, information technology and telecommunications. Two Leaders Meet Progress in the economic and… Continue Reading
UBS AG Hires Momdijan to Be Investment Banker for High Net-Worth Clients
The influential Swiss Bank UBS AG announced on Monday that the former banker of Crédit Agricole, the corporate and investment bank, Albert Momdijan is slated to take charge of UBS’s business with the mega-wealthy clients of the Middle East and Africa as of August 1st. Financial Advisor to the Mega Wealthy Momdijan was the… Continue Reading
Qatar Company Full Partner at Traditonal British Horseracing Event
Qipco Sponsoring British Champions Series The wealthy Gulf State of Qatar will have a key presence at one of England’s leading sports events this year as the Qatar International investment and Projects Development Holding Company (Qipco) has signed a “multi-million pound” title sponsorship deal with the British Champions Series. Karl Oliver, chief executive officer of… Continue Reading
Middle East Unrest Holds Back Airline Industry Growth
According to the International Air Transport Association (IATA), the air travel industry has been adversely affected by the widespread unrest throughout the Middle East and North Africa during the month of February. Negative Reaction to Unrest and Earthquake The Director General of the IATA, Giovanni Bisignani pointed out on Tuesday that the industry showed only… Continue Reading
Gold Rises as Turmoil in Libya Continues
Air Strikes Shaking Tripoli and Economy In response to the air strikes on Libya from the west, oil prices are rising as well as the price of gold. Economists are worried that inflation will set in as gold becomes a safe bet for investors concerned that Mideast tensions will not resolve as quickly as first… Continue Reading
Stick and Carrot Should Be Tried in Middle East
As violence continues to escalate in the Middle East analysts in the United States are wondering what the best approach to achieving security in the region might be. In wake of the rocket attack of a convoy of British embassy personnel which took place in the Yemeni capital of San’a recently the United States is… Continue Reading
$400 million To Be Distributed To Bahrain Middle East Bank (BMB) Investors
The bank owns a fund which invests in various industry sectors and also US venture capital. The fund, BMB Technology and Communications Investment Company, is getting the dividend to its investors. The Bank’s CEO, Mr. Akbar Habib said ‘We are pleased with being able to reciprocate to the trust and confidence placed by investors while… Continue Reading