Managers of Wealth Offshore

Azerbaijan develops Islamic financing

Islamic financing is one of the fastest growing segments of the global financial services industry worldwide.

The China Ripples – Emerging Asia Beckons

As much of the West continues to struggle with the lingering fallout of the Global Financial Crisis, and with low growth rates expected everywhere across the United States and most of Europe, getting growth back into multinational companies not already ex

BRIC billionaires 'up by a third since 2007'

Overall, the report found that the total number of billionaires around the world has increased from 1,100 in 2007 to 1,340 today.

Saudi Hollandi Quarterly Net Climbs 2.7%, Misses Estimates

Saudi Hollandi’s profit gained “because of a decrease in operating expenses,” the bank said in the statement. Fourth- quarter operating profit rose 4.1 percent to 504 million riyals.

HSBC Expat survey result elates Palace

Earlier, the 2012 Index of Economic Freedom, published by The Wall Street Journal and The Heritage Foundation gave the Philippines a 57.1 score for economic freedom, making its economy the 107th freest in the 2012 Index. The score is 0.9 point higher than

US may overtake China's rich in Rolls Royce race

The 107-year old brand, known for its Phantom and Ghost models, remains focused on China after selling more than 1,000 cars there last year, helping the mainland cruise past the U.S. for the first time in the brand's history.

UBS: China may ease property curbs in 2012

The government in Decemner reiterated plans to maintain its curbs on the property market, a move that saw prices fall for the fourth consecutive month and housing values dropped in 60 out of 100 cities including the ten largest such as Shanghai and Beijin

Secure Markets? Has the UAE's caution paid off?

Troubles in the eurozone, limbo in America’s economy, and the Arab Spring in the Middle East have contributed to investors’ decreased appetite for risk. Chairman and CEO of Permal Group, Isaac R Souede, speaks of about the current investment s

BankMuscat wins Best Broker in Oman award by Global Investor

The division, which services a geographically diverse base of emerging market institutional investors, has consistently won accolades for promoting trading on Muscat Securities Market (MSM) and is reckoned the broker of first choice among foreign institut

Chinese are up to speed with life in the fast lane

In 2011, Chinese bought more Lamborghinis and Rolls-Royces than anybody else in the world. In time for Chinese New Year this month, Rolls is unveiling a "Year of the Dragon" model with hand-embroidered versions of mythical animals on leather hea

Temasek sets up subsidiary to tap North Asia firms

Singapore's state-linked investment giant Temasek Holdings said Tuesday it was setting up a new arm to invest in privately-owned North Asian firms with a particular focus on China.

China Bank Leads Bids for RBS Aircraft Leasing Unit

Wells Fargo & Co. (WFC) and Sumitomo Mitsui Financial Group Inc. (8316) are also interested in Dublin-based RBS Aviation Capital, the paper said.

IFC invests $170 million in BankMuscat

The investment will provide long-term capital resources to BankMuscat as it continues to expand its financial services.

India's FII outflows highest among BRIC nations

According to data compiled by EPFR Global, FIIs withdrew over $4 billion from India in 2011, against an inflow of $1.35 billion in 2010. EPFR Global tracks foreign fund flows across markets and different asset classes.

Chinese government views stability as top priority for 2012

Norman Villamin, CIO for Coutts in Asia, discusses the outlook for the Chinese economy and equity markets following the annual central economic work conference.

Central banks respond to growing risks

An extension of liquidity arrangements by major central banks and a cut in reserve requirements by the People’s Bank of China were announced yesterday.

UAE takes fancy to $1m mini-submarine

U-Boat Worx gets several enquiries from UAE for recreational, tourist and research purposes, says official

UAE's Swiss bank nears $1bn in assets

Swiss private bank says Chinese currency provides relief from Euro crisis

The observation highlights the strengthening stance of China in the world economy and as traditional safe havens become less attractive with the deepening banking crisis

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