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Investment banking fees down 7%

London: Fees for advising on mergers, share listings and bond issues have fallen again in 2012, forcing investment banks to cut jobs and start overhauling business models they had stuck by in times of crisis over the past decade.

Economic woes, particularly in the Eurozone, have hurt dealmaking and dragged worldwide investment banking income down 7


UK plans laws for bank separation

London: Britain needs to introduce legislation that could break up banks if standards slip because current reform proposals fall short of what is needed, an influential panel of lawmakers said.

The Parliamentary Commission on Banking Standards also said on Friday the government could set tougher rules for how much leverage banks were allowed,


Dubai Portugal trade ties boosted

Dubai: Paulo Sacadura Cabral Portas, Portuguese Minister of Foreign Affairs, called upon Dubai businesses to invest in his country which he said enjoys a 500-year-old connection with the UAE under the wise leadership of both the countries whose aim is to build a stronger bilateral relationship.

His words came during the Portugal Seminar jointly


Why transparency should be at the top of the agenda

Every sixty seconds there are over 200 million tweets, 300 million emails sent and 17 new websites that come into existence. Clearly there are limitations as to how much information you can fit into 140 characters, but it is certainly fascinating that, whether we like it or not, we live in a world where private knowledge is becoming


Ice to buy NYSE Euronext for $8.2b

Paris: The US commodities and financial market operator InterContinentalExchange (Ice) has agreed to buy transatlantic peer NYSE Euronext for $8.2 billion (Dh30.12 billion, €6.2 billion) to create the world’s biggest market operator, the two companies said on Thursday.

The deal, which is expected to be finalised in the second half of


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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