Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.
Morgan Stanley's third-quarter revenue jumped 50 per cent, helping adjusted earnings beat expectations, as higher income from equities sales and trading made up for a drop in the Wall Street bank and brokerage's fixed-income business.
Asia-focused bank Standard Chartered has hired Sarmad Lone, previously with Morgan Stanley, to help boost the lender's business with top international companies in the Middle East and north Africa.
Lone has joined the British
Mara Group, a pan-African multi sector conglomerate with headquarters in Dubai, has named Bradford M Gibbs, the managing director of Morgan Stanley, as its third managing partner.
Mara Group is a young and dynamic diversified grou
Commercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday.
Morgan Stanley named veteran banker Sammy Kayello as the chief executive and chairman of its business in the Mena replacing Kamal Jabre who is relocating to London for a senior investment banking role.
Kayello, who was in charge o
Morgan Stanley's quarterly earnings beat analysts' expectations by a wide margin, helped by a big jump in trading revenue, and the bank said it was ready to deliver better returns to shareholders.
The Wall Street bank also
Morgan Stanley, the sixth-largest US bank by assets, is trimming staff at its Dubai office, mainly by cutting jobs in its equities division, as part of a global plan to reduce costs, three sources aware of the matter said.