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

NBK Capital wins ‘Best Investment Bank in Kuwait’ at 2019 Euromoney Awards

Euromoney highlights NBK Capital’s business model of customer satisfaction

SICO Named Best Investment Bank in Bahrain

The Euromoney Middle East Awards for Excellence are held annually to recognize banks with a demonstrated capacity to exceptionally deliver to their clients’ needs and evolve to meet market conditions and regulatory changes.

HSBC Bank Oman wins Best Investment Bank Award from Euromoney

The bank was praised for excellence in terms of quality of service and performance as well as having the most comprehensive investment banking product offering in the market.

Euromoney Middle East Awards for Excellence 2019 winners revealed

Arab Bank named Middle East’s best bank in Euromoney Awards for Excellence 2019; EFG Hermes scoops regional investment banking award; Accad recognised for outstanding contribution to finance.

Evercore Investment Bank to Open Israel Branch

Leonard Rosen, CEO of Barclays Israel and former CEO of Lehman Brothers Israel, will head the local branch

HSBC gets top adviser role in Qatar for first time since Gulf row

As a result of that, HSBC has not arranged any bond deals out of Qatar since the crisis began in 2017, according to Refinitiv data, after having been at the top of bond league tables.

UBS brings machines into credit derivatives to boost trading

When combined, these transactions can give a boost to trading volume, which is why a wide range of brokerages are automating that trading.

Barclays feted at M&A Awards 2019

We’ll continue to work closely with our teams around the world to deliver seamless execution to our clients in the region

HSBC Carves Special Role as Banker to the Saudis

As the kingdom tries to attract business after Jamal Khashoggi’s killing, HSBC is drawing on its decades-long ties to benefit more than any financial institution

Dubai's Mashreqbank hires Citi, BAML for dollar bond reopening -sources

Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before.

SHUAA Capital progressing with potential combination with ADFG; releases Q1 2019 earnings

Combination with major shareholder ADFG progressing through final stages, followed by regulatory and shareholder approvals

Shuaa swings to Q1 loss on Abraaj exposure

Company says talks for a potential merger with ADFG are in progress

GFH Q1 net profit dips 41.4pc to $21.36m

The Group reported consolidated net profit of $20.7 million, compared with $36.89millionin the first quarter of 2018.

Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga - sources

The sources said Goldman bought TIBC’s debt after rulings in various jurisdictions

Goldman, Bain, EBRD meet Turkish banks about problem loans -sources

A currency crisis saw the lira fall nearly 30 percent against the dollar last year.

UAE’s Arqaam in merger talks with The National Investor

The investment banks are in merger talks that would create an entity with an equity value of about $250 million.

QFB eyes US, Europe and other new markets

“The new strategy which was approved about a few months ago, is all about strengthening the Bank’s performance and profitability for its shareholders, which is going to turnaround the Bank’s performance

GIB converts Saudi branches into local bank with $2bn capital

The establishment of local arm is part of GIB’s strategy to strengthen its presence in the Saudi market.

Citi Expands ETF Servicing Capabilities in EMEA

The launch of Citi’s ACES platform highlights our commitment to continuously strengthen our offering and support our clients’ ETF needs holistically across products and geographies.

Citi inaugurates new offices at Abu Dhabi Global Market

Citi’s ADGM branch, located in ADGM Square Al Sila Tower, will provide cutting-edge liquidity management services to clients