Dubai investment bank Shuaa Capital has cut about 15 percent of its workforce, sources familiar with the matter told Reuters, ahead of a possible sale of a stake in the company by Dubai Group.
Before the lay-offs, which took place
GFH Financial Group (GFH), a leading regional financial services group, has been recognised as the ‘Best Investment Bank – Bahrain’ at the 2016 Banker Middle East Industry Awards.
The results were determined by a
EFG Hermes, a leading investment bank in the Arab world, reported a 17 per cent year-on-year rise in net profit to E£79 million, after tax and minority interest from continuing operations at the investment bank platform.
Arqaam Capital, a specialist emerging markets investment bank, has relocated its operating hub in Dubai to a new office in Index Tower, the 80-storey mixed-use property in Dubai International Financial Centre (DIFC).
Essa Kazim, g
QInvest, a leading investment group in Qatar, posted a net profit of $33.8 million in the third quarter of the year, marking an increase of 69 per cent compared to $20 million in the third quarter of 2014
The bank generated revenu
Bahrain-based Investcorp, has bought eight residential properties in the United States for about $400 million through its US unit, the investment bank said on Wednesday.
Investcorp acquired properties in the metropolitan areas of
HSBC was named the best investment bank in the Middle East for 2015 by Global Finance magazine in its 16th annual World’s Best Investment Banks survey.
The survey lists the best investment banks by country, region and sector
Egypt's Qalaa Holdings, formerly Citadel Capital, has signed a deal to sell its 80 per cent stake in investment bank Pharos, Qalaa said in a statement on Tuesday.
Qalaa, one of Egypt's largest investment companies, has som
Natixis plans to increase staffing levels in the Middle East by 50 percent in 2014, a top executive of the French investment bank said, as the lender looks to gain more revenue from outside its home market.
The bank, whose parent