Top Financial Services News

Aabar Acquires Stake in AIG Private Bank Ltd

Aabar Investment PJSC ("Aabar") announced the signing of a binding agreement to acquire AIG Private Bank Ltd. ("AIG Private Bank") from its parent company American International Group, Inc. ("AIG") Press Release - 01Dec 12:52GMT
DIFC Posts Electronic Transactions Law for Public Consultation

The Dubai International Financial Centre (DIFC) today released its proposed Electronic Transactions Law for public consultation. Press Release - 01Dec 12:51GMT
Barclays Wealth: Improvement In MENA Environment For Entrepreneurs

A new report published by Barclays Wealth and the Economist Intelligence Unit (EIU), entitled "The Entrepreneur in Adversity", reveals that the MENA region has seen the largest improvement in the environment for entrepreneurship over the past decade. Press Release - 01Dec 11:05GMT
T'azur plans operation from next month

T'azur Company will start offering products and services from mid-January, a senior official at the company announced. Arab News - 01Dec 06:12GMT
Europe Arab Bank Adopts Strategy Of 'Positive Survival'

The London-based Europe Arab Bank, a branch of the Jordan-based Arab Bank Group, has adopted a strategy of "positive survival" to cope with the effects of the credit crunch, the global financial crisis and the recession that is dogging the UK. Arab News - 01Dec 06:09GMT
Al Aman Fund seeks to increase beneficiary base

Jordan's Her Majesty Queen Rania emphasised the need to expand Al Aman Fund for the Future of Orphans' financial resources in order to absorb the increase in the number of its beneficiaries. Jordan Times - 01Dec 05:45GMT
Qatar National Bank adds two new branches

Qatar National Bank (QNB) announced the addition of two new full-service branches to its network. The new branches are C-Ring Road branch, located at C-Ring Road next to Al Mana light signals. The Peninsula - 01Dec 05:30GMT
'Future Of Micro Finance In Mideast Promising'

Low risk, good returns and a low volatility would drive growth of micro finance as an asset category in the region amid the ongoing financial crisis. Emirates Business 24/7 - 01Dec 05:29GMT
Banking and real estate help ADX make major advance

Banking and real estate gains helped the Abu Dhabi Securities Exchange (ADX) make its largest advance for nine sessions. Emirates Business 24/7 - 01Dec 05:27GMT
DFM extends winning run powered by rising turnover

Rising turnover helped the Dubai bourse extend its winning run to four sessions amid a regional and global upturn in equities. Emirates Business 24/7 - 01Dec 05:26GMT

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Fund	Vision Emerging Oman Fund
Geographic Focus	Oman
Fund Manager	Vision Investment Services Company
NAV	0.94 OMR \| 30Nov08
YTD Returns	- 28.95%
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Research

Al Rajhi Bank
Banque Audi - Nov 2008

Banque Audi issues a BUY recommendation on Al Rajhi Bank with a target price of SAR 78.8, representing a 45.9% upside potential to the current market price of SAR 54. The bank is expected to achieve FY08 net profit of SAR 6.968 billion, compared to SAR 6.451 billion for FY07. The stock is currently trading at a PE of 11.61x.

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EFG Report on Gulf Banking Sector

Arabic language (0:52)
Report: EFG-Hermes signals the end of huge financial gains era in Gulf Banking Sector - 30Nov

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Radio

Microfinance Across The Region

Royston Braganza, CEO of Grameen Capital India, explains where Grameen fits into the microfinance picture, and why the lending model has relevance across the region.
Dubai Eye - 30 Nov 2008

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Community Buzz

Stories in Financial Services

Most read stories by Community in the last 24 hrs

1	Good News Comfort Dubai Investors
2	Outstripping Supply?
3	'Future Of Micro Finance In Mideast Promising'
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5	Chinese investors channel over USD 36 million into Dubai real estate market in first three quarters of 2008
6	Companies Form Group To Resolve Common Problems
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