Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Top banks set climate targets for loans and investments

The consortium is now zeroing in on how financial firms should change their lending and investing activities.

GFH holds Ordinary General meeting of shareholders

The assembly has also elected A new ten person Board for the next three- year period

HSBC named ‘Best International Bank in the Middle East’

HSBC has a long and proud history in the Middle East and it is a region prioritised for growth by HSBC Group.”

Credit Agricole to Build Its Own Saudi Bank After Stake Sale

The stock of Riyadh-based Saudi Fransi rose as much as 1.9% to 32.80 riyals, adding to gains of 0.6% on Sunday, when details of the transaction were first reported.

Italian group Intesa Sanpaolo increases stake in Bank of Alexandria to 80%

The Bank of Alexandria had previously announced that for the first half of 2020, its assets exceeded 103.8 billion Egyptian pounds ($6.58 billion) and achieved a net profit of EGP 1.36 billion pounds,.

Emirates NBD Capital named Sukuk Lead Manager of the Year 2020 by GIFA

Emirates NBD Capital currently holds a leading league table position in international Sukuk and MENA bonds with over 150 transactions successfully completed since 2015 across GCC, Turkey, India, China and Indonesia.

Egypt-Based EFG-Hermes Sells Controlling Stake In British Solar Project For $647M

Keen to develop another renewable energy portfolio, EFG-Hermes is now looking beyond Asia for investments.

Japan's Nomura cuts investment banking jobs in Dubai

Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices

National Bank of Oman Brings in Global Expert for Online Event on European Equity Markets

National Bank of Oman (NBO) recently held a virtual event in collaboration with Franco-German financial group, Oddo BHF

Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits

More than 80,000 new active clients joined the group across all global markets in the first half of 2020

Strong capital base gives SABB buffer against pandemic shock

SABB is focused on three core priorities: Supporting its customers, integrating the two banks and positioning the bank for future growth.

Mashreq Bank outlines investment trends to navigate the global economy in uncertain times

Low interest rates will result in investors hunting for higher yields

GFH takes majority stake in GB Corp

As of December 2019, GB Corp reported total assets of $125 million and assets under management of approximately $500 million.

GFH increases GB Corp shareholding to majority stake of 50.4%

Transaction reflects continued ability to capture strategic opportunities for growth and revenue generation

Egyptian bank Beltone diversifies in hunt for profitability

Beltone, controlled by Egyptian billionaire Naguib Sawiris, had already obtained licences for the new companies this month, hired staff, set up offices and even agreed on some deals.

Shuaa Capital returns back into black

Shuaa's investment banking business continued to increase its focus on capital raising and restructuring mandates

Afreximbank wins 2 EMEA Best Structured Finance awards

Afreximbank’s $100 million global guarantee facility in favour of Orascom Construction was also awarded best structured trade finance deal in Africa.

Saudi banks’ investments in gov’t bonds down 4.6% in H1-20

Total bank investments in Saudi bonds hiked by 21.7% YoY

JPMorgan revamps shareholder activism defense practice -sources

Hunker, who had worked at JPMorgan for 16 years, will join Ernst & Young and lead the professional services firm's push in advising boards on shareholder enragement, three people familiar with the matter said.

EFG Hermes concludes advisory role in $50m sale of Fawry shares

EFG Hermes was ranked first on the ECM ranking league tables for the Middle East & North Africa (MENA) region for the first half (H1) of 2020.

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