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Falcon eyes more buys after Clariden deal

Dubai: Falcon Private Bank, the Abu Dhabi-owned entity which bought the London unit of Clariden Leu, is eyeing more acquisitions in the boutique wealth management sector as the industry consolidates to cut costs, a top executive said on Monday.

Zurich-based Falcon agreed to buy the Clariden Leu business from Credit Suisse in October, including some


Global Enterpreneurship Summit starts on Tuesday

Dubai: The Global Entrepreneurship Summit-Entrepreneurial Ventures of Arabia (GES-EV), held under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, will open on Tuesday at the Dubai World Trade Centre.

The two-day event, which is being held for the first time in the


Deep divide in Dubai at UN talks on Internet

Dubai: The chief American negotiator at a UN telecommunications conference says there’s a basic disagreement over possible new Internet regulations.

Ambassador Terry Kramer said some advocate stronger government roles, but the US wants to leave the Net alone.

Kramer is leading efforts at closed-door talks to block any new UN rules on Internet


Dubai market up marginally, Abu Dhabi index closes lower

Duba: The Dubai Financial Market (DFM) index again trudged upwards on Monday amid a substantial improvement in the volume of share transactions as global investors hoped the meeting between US President Barack Obama and John Boehner of the Republican party — to find common ground in a bid to avert the looming fiscal cliff next year — would produce


Private sector should engage in Expo 2020 bid

Dubai: The business community has a key role in generating support for the Dubai Expo 2020 bid, Reem Al Hashemi, UAE Minister of State and the Committee’s Managing Director of Expo 2020, said on Monday.

Reem stressed the need for public and private sector partnerships as part of the Expo 2020 bid. She called on the business community


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