Tuesday 19 March 2024
 
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Financial advisory

ME finance firms ‘must adapt to investor needs’

Financial advisory firms in the Middle East must modernise and enforce leadership changes to steer the market away from its current sales-driven mentality, said an industry expert, noting that a drastic change is needed in how to approach client

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Al Khafrah buys into UK financial advisory

Saudi Arabia-based Al Khafrah Holding Group, a leading investment company, has acquired a substantial equity position in Invescore, a financial advisory firm based in London. Sheikh Mubarak Al Khafrah, chairman of Al Khafrah Holdi

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Deloitte acquires Monitor’s Mideast business

Deloitte, a leading provider of audit, tax, consulting, and financial advisory services, has acquired a substantial portion of the business of US-based Monitor, one of the world’s leading strategy consulting firms. This tran

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Firm cutting Mideast staff after setback

Financial advisory firm NM Rothschild & Sons is cutting its Middle Eastern staff by more than half in a significant change of strategy in the face of dwindling deal volumes, four sources said. The cutbacks signal the extent to which so

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Bahrain ops 'key to BDO Mideast growth'

Global accountancy and financial advisory practice BDO saw its fastest growth worldwide in the Middle East last year, said the chief executive officer of BDO International. And the firm is building its business in the region through the e

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Capitalism 'to shape banking sector'

The future of the banking industry remains uncertain, but there are a number of long-term catalysts such as the expected demographic shift and the rise of state-directed capitalism that will further shape the global financial sector. That

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Western Gulf Advisory moves base to BFH

Western Gulf Advisory (WGA), a self-sustained investment and asset management company headquartered in Bahrain, will be relocating its head office to the Bahrain Financial Harbour (BFH) complex. The company will move to the 27th floor of t

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