DUBAI: Leading global investment banks, including Credit Suisse AG , are cutting research staff in the Middle East to save costs amid tough global conditions and a dearth of work in the region.
Japan's largest investment bank Nomura has shut down (...)
DUBAI: Bank of America Merrill Lynch has poached the top executive at Egyptian investment bank EFG-Hermes in the Gulf to run its business in the Middle East North Africa region, two sources said on Monday.
Phil Southwell has run EFG in the Gulf (...)
DUBAI: Dubai International Capital's (DIC) board was dissolved in January and the private equity firm was brought under the control of its parent conglomerate, Dubai Holding, in a move that relinquished the role of its founder.
A company (...)
DUBAI: Dubai Holding's main unit posted a $6.2 billion loss for 2009 and said it may resort to asset sales, sending shares in Dubai sharply lower, in the latest setback to the emirate's troubled finances.
Dubai Holding Commercial Operations Group (...)