UAE. All eyes now are on the European summit of 28 June for evidence that the continent's leadership is moving in the direction of a Europe-wide system of cross-guarantees for bank deposits and fiscal policies, says Mark McFarland, Chief Investment Strategist, Private Banking, Emirates NBD.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.