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

Saudi EXIM signed a memorandum of understanding with Natixis CIB for Banking Services

The memorandum aims to enhance the competitiveness of Saudi exporters in global markets

Bahrain’s GFH reports nearly 87% surge in 2021 net profit

Company’s business units perform strongly despite Covid-19 challenges

Egypt state investment bank NI Capital sets up new fixed-income fund

Siula paid out an annualised yield of 9.81%, making it the best performer of Egypt's 29 fixed-income funds, Metwally told Reuters.

Lower expenses push SAIB’s net profit to $283m during 2021

The bank’s earnings per share edged up from SR1.25 to SR1.34 in 2021.

Bank AlJazira sees momentous profit rally, hitting over $268m

Earnings per share went up from SR0.04 in the prior year to SR1.18 in 2021.

Spanish investment bank Alantra launches Dubai office

Dealmaking was up 60% in the Gulf in 2021 amid a global M&A boom which last year topped $5 trillion for the first time ever. read more

MENA investment banking fees rise as M&A activity soars in 2021

Refinitiv research shows investment banking fees totalled $1.4bn, the second-highest total on record

Citi to transform EMEA headquarters in major London refurbishment

Citi Tower project demonstrates confidence in London as a global financial centre

SICO maintains first place ranking on Bahrain Bourse

This drive to sustain and improve our market position across Bahrain, the UAE, and Saudi Arabia is of course bolstered by the efforts of our in-house research team

MENA investment banking fees totalled $1.4bln in 2021

In 2021, equity capital markets recorded their strongest year in 13 years, producing $334.4 million in fees

US investment bank Jefferies makes another effort to crack Mideast market amid boom

Lured by the region’s deep pools of capital, the firm joined a wave of investment banks that set up in Dubai more than a decade ago

Goldman Sachs to double Tel Aviv staff - report

Since the recent diplomatic breakthrough in the Middle East, Goldman Sachs has worked to drum up business for Israeli businesses.

BNY Mellon Set to Expand Collaboration

BNY Mellon’s data platform enables organizations to transform their data landscapes by centralizing and effectively managing complex investment assets.

SAIB's board recommends highest dividend since 2016; 33% capital hike

The bank’s board recommendation for the capital hike will be via issuing bonus shares, granting one share for every three shares.

EFG Hermes advises TPG's Evercare Group

On the sale of its 50% stake in Islamabad Diagnostic Centre to Integrated Diagnostics Holding for USD 72.4mln

UAE’s Mubadala, Bpifrance commit extra $4.5bn to co-investment partnership

Abu Dhabi sovereign investor signs agreement during French President Emmanuel Macron’s official state visit to the UAE

Oman's Al Madina Investment board approves merger

Merger by inclusion will be based on book value of both firms

DEWA hires Citi, HSBC for top roles in IPO: sources

Could raise up to $2bln

GFH Named As Region’s Top Islamic Investment Bank By MEA Finance Awards

The MEA Finance Awards recognise financial institutions and industry individuals for their exceptional achievement and inspirational leadership in delivering innovative products and services of the highest value to their customers.

QInvest subsidiary wins award

The award was received during the latest edition of the Turkish Capital Markets Summit.