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

EFG Hermes delivers robust results despite a challenging operating environment, with Group revenues up 12% Y-o-Y to EGP 5.5 billion in FY20

2020 was a year unlike any other, not just for us at EFG Hermes but for business the world over.

EFG Hermes Finance Signs Partnership with Universal Group to Create Bespoke E-commerce Platform

Signing this partnership with Universal Group is a key milestone in our journey to develop a full-fledged non-bank financial services ecosystem that leverages the synergies inherent in our business model throughout the group.

HSBC completes first-ever securities lending transaction in Saudi Arabia

The bank expects further such transactions to follow

Stan Chart launches one-stop banking solutions for NRBs in Dubai

With Swadeshi Banking, Bangladeshi expatriates in Dubai would be able to avail a full suite of NRB banking service

Standard Chartered showcases one-stop banking solutions for NRBs in Dubai

The offering was showcased as part of "The Rise of Bengal Tiger: Potentials of Bangladesh Capital Markets", roadshow held in Dubai recently.

BBVA, the world’s best investment bank for sustainable finance

Global Finance has named BBVA the best investment bank for sustainable finance in the world, a global recognition of its constant efforts to offer its clients a wide range of investment banking products and solutions, and accompany them in their transitio

Japan’s MUFG predicts 2021 economic recovery for Saudi Arabia

MUFG opened a branch in the Saudi capital in October 2018

ENBD Capital logs record debt capital transactions

Environmental, Social and Governance (ESG) issuances are gaining in prominence and the Debt Capital team at Emirates NBD

EBRD provides US$ 100 million loan to Turkey’s Denizbank

The EBRD’s new investment follows a record €893 million in financing to Turkish financial institutions in 2020 to support thousands of businesses across the country, providing the private sector with much-needed funds.

Emirates Investment Bank turns to losses in 2020

The bank's revenues plunged

Bahrain's GFH Financial set to acquire more properties in UK, Europe this year

Firm made new investments worth over $208mln last year

Egypt's state National Investment Bank slashes yields on certificates

Yields on certificates with a maturity of one year were now 6%,

MENA M&A transactions reach $70.3 bn in 2020

Refinitiv released the Middle East and North Africa investment banking analysis for 2020.

HSBC launches Sustainable and Transition Finance team in Middle East

With a presence in all of HSBC’s markets across MENAT, the Team will work with all of HSBC’s bankers to provide advice, expertise and financing solutions to customers across all sectors and segments – no matter what stage of the sustaina

EBRD provides US$ 58 million loan to Turk Ekonomi Bankasi

The new loans follows €1.7 billion of investment provided by the EBRD for the Turkish economy in 2020

Saudi Arabia generates $382.9m in investment banking fees

Total fees across region fall 12% to $1.2bn amid pandemic slowdown

First Lebanese banking merger since 2019 agreed as capital pressures rise

Bank Audi says it is merging the local business operations of Audi Private Bank and Audi Investment Bank into its business

Japan's largest brokerage said to close more offices in the Gulf

After announcing Saudi exit, Nomura Holdings is reportedly set to close offices in Bahrain and Qatar

Credit Suisse opens branch in Riyadh in Saudi push

Credit Suisse has had a presence in the Middle East since 1967 and has been operating in Saudi Arabia since 2005

Bank Audi absorbs private and investment subsidiaries

Merger eliminates duplication and reduces operating expenses