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

Pharos Investment Banking acts as the exclusive sell-side advisor to the shareholders of Spinneys Egypt

Pharos acted as the exclusive sell-side advisor to the selling shareholders of Spinneys Egypt

HSBC grabs bigger piece of investment banking fees in Mena

The region’s equity capital markets fees decreased a significant 64.8 percent to $24m, a 10-year low.

Global concludes majority exit from JTC

JTC, which celebrates its 40th year of operations in 2019, has significantly expanded its capabilities in all its business segments in recent years.

Shuaa shareholders approve ADFG tie-up

Shareholders gave green light on Thursday for deal which creates enlarged group with 380 employees

Invest Bank sees Dh106m loss in first quarter

Bank says Sharjah government will underwrite Dh785m rights issue later in 2019

HSBC launches issuer services in the UAE and Egypt

In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.

Deutsche Bank says 'too early' to know about MidEast job cuts

A UAE-based spokesperson told Arabian Business “it is too early” to comment on how the job cuts would impact the Middle East operations and that the bank would not be disclosing a regional breakdown of job losses

2019 has been 'a pretty good year', says StanChart MENA CEO

Sunil Kaushal says Standard Chartered has seen very strong growth this year

Softbank plans to invest $2-4 b more in India in 2 years

The Japanese company will help portfolio companies form joint ventures with Indian firms.

Egypt United Bank Stake Sale Advances as Advisers Bid for Role

The years-long drive to sell part of United Bank could be a bellwether for investment prospects in the Arab world’s most populous country, which is seeking to draw in interest beyond its oil and gas industry.

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.