04/05/2023
Private banks in Egypt issue high-yield savings certificates
In the first reaction to offering these certificates, the Commercial International Bank issued a certificate for a period of 3 years, with a return of 22%, to be paid monthly.
Wealth & Asset Management
04/04/2023
HSBC named UAE’s Best International Private Bank at Euromoney Awards
The premier accolade for private bankers and wealth managers, recognised by the industry across the globe
04/04/2023
The UAE: A Hub For Wealth
At the heart of the Arabian Peninsula, the UAE is home to some of the world’s wealthiest people and an increasing number of foreigners.
04/04/2023
Over 300 wealth and asset managers have offices in the DIFC
Firms based in the Dubai International Financial Centre represent an industry size of $450bn
03/31/2023
SABB awarded Best Private Bank in Saudi Arabia for 2023
Awarded as a result of its contributions to developing private banking services in Saudi Arabia
03/30/2023
Kuwaiti Private Bank Moves Into Historical Geneva Building
Before moving to the banking district, the bank was based at Quai du Mont-Blanc.
03/29/2023
Best wealth managers for high net worth individuals in the Middle East in 2023
Some are based away from the Middle East but their clients and knowledge are entirely concerned with the region.
03/27/2023
StanChart to Sell Jordanian Business
The sale is part of broader plans announced in April 2022 to exit seven markets in Africa and the Middle East.
03/24/2023
British billionaire to offer $5bln against Qatari bid for Man United
The record-breaking bid comes after the deadline was extended late Wednesday night, as Qatar’s Sheikh Jassim bin Hamad al-Thani and Brit Sir Jim Ratcliffe vie for control of rival to Abu Dhabi-owned Manchester City
03/15/2023
HSBC Mines MENA Wealth Opportunity in Singapore
To cater to this demand, HSBC Global Private Banking formed a coverage team in the city-state in 2022 to work with existing colleagues in the Middle East where it has a significant existing presence.
03/07/2023
Iron Wealth gets approval for multi-family office services in Dubai
Iron Wealth will focus on providing wealth management and investment advisory services to Africa-based HNIs, family offices and businesses.
03/07/2023
Azimut Egypt targets $488mln in assets under management in 2023
The volume of assets under management currently amounts to more than $358mln, while Azimut International manages assets estimated at more than $2.83bln
02/28/2023
Swiss bank Edmond de Rothschild sets up MENA hub in Dubai's DIFC
The bank secured a Category 4 advisory licence from the DIFC and has hired eight private bankers who will be working from its offices in the ICD Brookfield Place
02/28/2023
Investcorp expands globally, launches its presence in Japan
The opening of Investcorp’s Tokyo office will allow the firm to provide global alternative investment solutions in Japan
02/20/2023
HNWIs inflow to help boost UAE financial wealth to $1trln by 2026
UAE has emerged as an attractive destination for HNWIs following its successful strategy against the Covid-19 pandemic, latest data shows
02/17/2023
Standard Chartered’s FY2022 results in Africa and Middle East announced
Record performance for the bank in Africa and the Middle East
02/15/2023
Mashreq Private Banking: The ideal partner for a seamless wealth journey
Strong global presence allows institution to provide best-in-class banking experiences
02/15/2023
Wealth resurgence offers opportunities
Banks in the UAE rush to take advantage of a booming market in private wealth
01/24/2023
Qatar Investment Authority raises stake in Credit Suisse to just under 7%
The Qatar Investment Authority bought 139.03mln shares in the Swiss lender
01/18/2023
Ahlibank launches brand new Digital Wealth System for its Wealth Management Customer
The launch of this state-of-the-art system comes in line with the bank’s digitalization efforts