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

2 Barclays Lawyers Killed in Avalanche

A former Ashurst associate and her colleague were among the victims.

Kuwait Finance House boosts fourth quarter profit 26%

The bank has been in merger talks since mid-2018 with Bahrain's Ahli United Bank

Standard Chartered strategically partners with Zurich International Life

Tailor-made financial and life-insurance solutions

Deutsche Bank to Get Qatari Commitment for More Funds

Two other Qatari investment vehicles, controlled by members of the royal family and other prominent politicians, already own a stake.

Egyptian group Orascom to expand across sub-Saharan Africa, Togo included

The group intends to use a $170 million financing it obtained from the Africa Export Import Bank (AfreximBank)

HSBC earns most investment banking fees

HSBC earned the most investment banking fees in the Middle East & North Africa during 2018

Riyad Bank selects Goldman to advise on merger talks with NCB

In December, National Commercial Bank and Riyad Bank announced that they had begun preliminary talks for a potential tie-up to create a lender with $183 billion in assets.

Combined growth in the GCC region expected to be at 3.0% in 2019: Markaz

Markaz: Oil price, Banking mergers, bond issuances and competitiveness are top economic and investment themes in 2019

HSBC opens new $250m headquarters in Dubai

HSBC Tower embodies an entirely new way of working for staff in a building that leverages artificial intelligence, machine learning, biometrics, and blockchain innovation.

GFH Awarded Best Investment Bank- Middle East

Among the industry’s most prestigious honours, the awards cover a wide range of financial services categories and are determined through an online poll

Egypt to have strongest economic growth in Arab world

Plenty of uncertainty remains, experts say at Strategy Forum

African Development Bank Lauds Egypt’s Economic Rebound, Partnerships, at Africa 2018 Forum

The Forum successfully convened key private and public stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent.

GIB Capital takes four EMEA Finance Awards

GIB Capital was also named “Best Foreign Investment Bank - Oman” for the second consecutive year.

Standard Chartered slashing jobs in Dubai, Singapore

Standard Chartered's job cuts are expected to affect Singapore employees, according to sources familiar with the matter.

Banque du Caire to open branches in Tanzania, Kenya, Russia, China

The bank mulls also opening offices in Russia and China to finance the trade and investment operations, he asserted, noting that it also finalized getting license to open another office in Dubai.

Egypt's EFG Hermes advising on four M&A deals expected in H1 2019

The bank is also acting as a financial advisor on a major M&A deal in Saudi Arabia’s health sector which is expected to be completed in 2019

Egypt's EFG Hermes considers move into insurance and mortgage sectors

Hermes, the Middle East's largest investment bank, operates in countries including Egypt, the United Arab Emirates, Saudi Arabia, Kuwait, Oman, Pakistan and Jordan.

GFH third quarter profit climbs 23.3% on investment banking activities

The Manama-based firm reported a $103.4m net income for the first nine months of the year

International Investment Bank Announces Successful Exit From Aircraft Investment, Achieving 18 Percent IRR

The hotel has 21 floors and 218 rooms, 40 of which are apartments, with spacious rooms that offer a panoramic view of the city and surrounding mountains.

SoftBank reaffirms investment ties with Saudi Arabia

Quarterly net profit up fivefold to $4.6bn as Vision Fund returns start to feed through