Switzerland's third-largest wealth manager Julius Baer Group has taken over the international wealth management business of Merrill Lynch in Bahrain, Lebanon and the UAE after an agreement was signed last year.
Julius Baer sai
The UAE will have total debt amounting to $184 billion by the end of this year, according to estimates by Bank of America-Merrill Lynch, which said the region faces a heavy redemption schedule until 2013.
Dubai’s shock announcement this we
Saudi equities are the best investment among Gulf stocks because of the country's oil reserves and large economy, and the Dubai market is the cheapest, brokerage Merrill Lynch said in a report on Sunday.
"As access improves we would expect
The chief executive of Merrill Lynch & Co expects emergency measures by US and international authorities designed to unfreeze lending to succeed, but said more pain awaited the financial sector.
Banks will need to raise capital and mer
Banking and insurance clients are reportedly seeking to hire dozens of former employees from Lehman Brothers, Merrill Lynch and AIG, according to Grafdom, leading global IT consultancy and strategic management firm.
Grafdom experiences a h
Merrill Lynch raised its price objective on Arab regional mobile operator Orascom Telecom to 80 Egyptian pounds from 73.16 Egyptian pounds to reflect the company's recent share buyback.
Late last month, Orascom said it applied to buy back
State-owned Kuwait Investment Authority said it would invest $3 billion in Citigroup Inc and $2 billion in Merrill Lynch & Co, both hit by writedowns linked to the US subprime mortgage crisis.
"As a long-term investor, the KIA believes