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

EFG Hermes Holding concludes aiBANK acquisition

This is now a universal bank in Egypt with a market leading investment banking platform

“Hermes Holding” becomes a comprehensive bank in Egypt

The Gulf Cooperation Council is proud of the company’s key role in concluding the most important regional agreements group in the world.

Shuaa Capital's nine-month profit rises on strong performance

Net profit for the January-September period surges to $24.7m

Natixis IPO Shows How to Break Through in Crowded Saudi Market

The Paris-based bank, which aims to boost its investment banking revenues by 7% every year until 2024,

Credit Suisse pares back investment banking, sharpens focus on rich

Credit Suisse plans to hire 500 more private bankers over the next three years, with the aim of having 1.1 trillion Swiss francs of assets under management by 2024 compared with 0.9 trillion currently.

Saudi EXIM Bank, Japan's SMBC, sign MoU

More global deal making to secure financing & insurance solutions that help Saudi exporters reach Southeast Asia & the world

Qatar First Bank was named "Best Corporate and Investment Bank" in Qatar at Asiamoney Best Bank Awards 2021

QFB's strength was reflected in the numerous Shari'ah compliant investments which provide an opportunity for local investors to enter the US real estate market

StanChart to add bankers in sustainable finance, capital markets in Saudi Arabia

“Do remember we have a large presence in the regional office, so some of it will be fresh hires, some of it will be moves from here to the kingdom,”

First Abu Dhabi to Sell Stake in $1B Payments Unit

The proposed sale aligns with the current shifts in the international payments space. Banks are going toe-to-toe with bespoke providers and have been looking to sell off various divisions to stay competitive.

First Abu Dhabi Bank expected to sell $344mln in 5-year bonds - document

FAB, HSBC, Standard Chartered and TD Securities are arranging the deal

Standard Chartered H1 profit surges on strong business momentum

Operating profit jumped to $476 million from $91 million during the same period last year

EFG Hermes closes fifth issuance for premium international for credit services in an EGP 211mln securitization transaction

The fourth EGP 170 million issuance closed in January 2021

Saudi Investment Bank adopts Cisco SDN Architecture

SAIB will be the first bank in Saudi Arabia to have the full stack of Cisco SDN Architecture

HSBC collects five Euromoney Middle East Awards

The report also shows that 98 per cent of businesses in the Middle East see growth opportunities from increasing environmental, ethical and sustainable investments, compared with a global average of 90 per cent.

HSBC collects five Euromoney Middle East Awards

HSBC launched a US$5 billion growth initiative in the UAE in June 2021 to support strong companies to grow internationally and sustainably

Dubai’s Shuaa Confirms Talks to Set Up Three SPACs; Shares Surge

SPACs are corporate shells that raise money from investors with the aim of merging with private businesses to take them public.

Citi’s banking revenue from Saudi Arabia ‘nearly tripled’

“Citigroup’s corporate and investment banking revenues from Saudi Arabia have nearly tripled” since the bank obtained its CMA license, Shaikh said.

Israel's Bank Leumi says will reap 253 mln shekels from ironSource

Leumi said it will also gain 214 million shekels for the revaluation of the bank's remaining 0.75% ownership stake.

Standard Chartered begins offering banking services at new Saudi HQ

The latest edition to the Kingdom’s banking scene comes as it was reported in June that the accumulated income of the Top-10 banks in Saudi Arabia increased by 34.1 percent during the first quarter of 2021, compared to the previous quarter

HSBC Saudi Arabia acts as a lead manager

The final pricing not only represented the tightest end of the initial pricing range offered to investors, but also the lowest ever senior unsecured Sukuk pricing achieved by a corporate or bank issuer in the local market since 2017