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

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.

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