Commercial Bank of Dubai appoints new COO

Dubai: Commercial Bank of Dubai announced the appointment of C Krishna Kumar as its chief operating officer. Kumar joins CBD from his previous role as chief operating officer of Qatar Islamic Bank in Doha. He has over 25 years of experience in the banking ... ( read original story ...)

UAE Banks Desperate to Sell Qatar Loans

UAE banks holding Qatari loans have become “more aggressive over the past couple of weeks” in offering the loans for sale in the secondary market, said one banker at a European bank specializing in financial institutions. Prospective sellers ... ( read original story ...)

Greater security for UAE commodity and finance trade with Africa

Bordered by eight other countries and a member of both the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC), Zambia is an important regional trade hub. According to MIT Economic Complexity Index ... ( read original story ...)

Selloff Brings Bond Bulls Back to India

Morgan Stanley Investment Management says it favors rupee bonds, though prefers to hedge its currency exposure ... Roland Mieth, a Singapore-based fund manager for emerging markets, said in an interview. The asset manager was reducing its overweight ... ( read original story ...)

Joined-up thinking to keep the client close

The firm has set up a one-stop shop for hedge funds and private equity firms for undertakings ... The funds chosen by Addleshaw this year are based in London, but are also as far afield as Dubai and Hong Kong. “We were really taken aback by the ... ( read original story ...)

2018 will be the year for cryptocurrency in UAE

Dubai launches blockchain-based cryptocurrency. On September 26 Dubai’s government’s economic website announced it had established a partnership to facilitate financial transactions through contactless payment. “The partnership brings Emcredit ... ( read original story ...)