04/29/2022
Standard Chartered’s operating profit in Middle East, Africa hits near 10-year high
First-quarter 2022 profits crossed $300mln for the first time in nearly a decade
Investment Bank
04/20/2022
HSBC becomes Dubai Financial Market's first general clearing member
HSBC is expected to offer its GCM service on DFM Equity Market starting in May. It is also looking at the opportunity to offer equities futures clearing.
04/19/2022
Global investment banking fees fall 31% to two-year low
Imputed fees in the EMEA region decreased 29% to $6.3bln during the first quarter of 2022, according to global data provider, Refinitiv
04/14/2022
First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes
"After careful consideration and in the context of ongoing global market uncertainty and volatile macroeconomic conditions, First Abu Dhabi Bank has decided to withdraw its non-binding offer submitted on 9 February 2022," FAB said
04/06/2022
UAE’s investment banks back in action as IPOs and M&A deals await bumper year
It is the same story in GCC’s banking sector - will it break 2007’s record fees of $5.5b?
04/06/2022
HSBC launches metaverse opportunities fund for its private banking clients
The UK lender, whose origins are in Asia, is delving deeper into the $800 billion virtual reality market
04/04/2022
GFH shareholders approve plan to cross-list shares on Tadawul and ADX
Bahrain-based investment bank will offer $60m dividend in cash and bonus shares for 2021
03/30/2022
SHUAA Capital reports strong growth
In 2021, SHUAA made key hires across the business, notably within real estate and client coverage, with core headcount increasing by 33 percent.
03/25/2022
EFG Hermes Holding FY21 revenues cross EGP 6 billion mark for the first time
Net profit gains for global lifestyle brand grows 12% Y-o-Y to EGP 1.5 billion
03/21/2022
Markaz named ‘Best Investment Bank in Kuwait'
In recognition of its consistent performance and commitment to service excellence
03/16/2022
Leading European Bank Societe Generale expands client offering through DIFC
Societe Generale Middle East reinforces its regional expansion strategy with license upgrade, reflecting its optimism in the region
03/09/2022
Emirates NBD Capital marks record year
EMCAP witnessed increased confidence from sovereign issuers as it led several landmark deals
03/09/2022
Emirates NBD is first UAE banking group to publicly commit to female leadership targets, aiming for 25 percent of senior roles to be filled by women by 2027
Emirates NBD will support females across the organization to reach their leadership potential
03/08/2022
Emirates NBD Capital posts record transactions in 2021
After a short hiatus on the GCC stock market, the investment bank’s ECM team has witnessed a noteworthy frenzy in the UAE and KSA equity market
03/07/2022
Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News
The move is not intended to be permanent as of now, the report added.
03/04/2022
Standard Chartered Gets Greenlight In Egypt
Before obtaining a new license, Standard Chartered tried several times to buy out a local lender.
03/04/2022
Deutsche Bank’s Mystery Middleman Sat In on Saudi Stake Plans
German businessman’s role is being investigated over DWS links
03/02/2022
Dubai’s Shuaa Capital lists $100m SPAC on Nasdaq New York
It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit
02/23/2022
Kamco completes 22 banking deals worth $4.8bn in 2021
The Mergers & Acquisitions team successfully concluded six landmark transactions during the year, including three sell-side and three buy-side transactions, totalling to $336 million.
02/21/2022
Kamco Invest reports net profit
Total revenue almost doubled to reach KWD30.1mln of which fees and commission represent 67.2%