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

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

NBK Capital wins The Banker's "Deal of the Year Award 2021"

In recognition of NBK's US$700 million securities issuance

HSBC’s expat account offers unique features on single, secure platform

The Global View and Global Transfers feature allows Premier and Advance customers to instantly transfer money from one account to the other in over twenty-five different currencies and to twenty-five countries and regions.

Saudi economy set to grow much faster: Goldman Sachs

US investment bank says activity surging in manufacturing, finance and construction

Egypt's EFG Hermes eyes start-ups after AIB deal, says CEO

Acquisition of the 51% stake will be finalised in the third quarter

Egypt's EFG Hermes to acquire control of state-owned Arab Investment Bank

The government began a programme of selling its stakes in banks in 2004, and in 2006 sold most of its fourth largest bank, Bank of Alexandria, to the Italian banking group Intesa Sanpaolo S.p.A.

SAIB Bank posts profits in Q1

This marked a Year on Year rise of 27%

Doha Bank wins ‘Best Trade Finance Award’ for the third time

The Bank’s products and solutions are built around advanced technology and automation to provide its clients with a seamless experience in execution of their trade transactions.

SABB reports profit of SAR 970 million

For the three-month period ended 31 March 2021

HSBC to Standard Chartered predict demise of business travel for bankers

Plenty of executives are now saying the days of regular globetrotting are gone for good

Markaz wins Kuwait's 'Best Investment Bank' for 2021

Recognized by Global Finance for the 10th time in 11 years

World’s Best Investment Banks 2021: M&A

Last spring’s seize-up in the global M&A market eased as companies rethought their business plans and sought a leaner profile.

World’s Best Investment Banks 2021: Global Winners

Despite Covid-19, 2020 was a banner year for investment banking, with IPOs and bond issues standing out.

‘International expansion is a must for GCC tech companies’ – investment banker Joshua Jahani

Joshua Jahani, managing director of investment firm Jahani and Associates (J&A), reveals why his firm is growing in the GCC

‘Don’t they know it’s the weekend?’ No more annoying Friday calls for Dubai Citi bankers

In a memo to Citi’s workers, Fraser revealed plans to “limit video calls on Fridays to clients only (or Thursdays where applicable)

Al-Kuwari meets Societe Generale representatives in Doha

SocGen is considered one of the largest banks in France.