Refinitiv research shows investment banking fees totalled $1.4bn, the second-highest total on record
investment banking
banking industry
Citigroup is hiring across Gulf, awaits another record IPO year
Lured by the region’s deep pools of capital, Wall Street banks from Citigroup to JPMorgan Chase & Co. and Goldman Sachs Group Inc. are seizing on the opportunity to capture market share, expanding teams on the ground in the hope of winning advisory roles
DIFC
US investment bank Jefferies makes another effort to crack Mideast market amid boom
Lured by the region’s deep pools of capital, the firm joined a wave of investment banks that set up in Dubai more than a decade ago
Brand View
Lombard Odier’s long-term vision in a fast-growing region
The Swiss private bank has been serving clients in the Middle East for over half a century, and is equipped with a deep understanding of their specific needs
acquisition
EFG Hermes Holding concludes aiBANK acquisition
Firm is now a universal bank in Egypt with a market-leading investment banking platform in frontier emerging markets (FEM)
GCC IPO market
Natixis IPO shows how to break through in crowded Saudi market
Paris-based bank, which aims to boost its investment banking revenues by 7 percent every year until 2024, is looking to get a “substantial increase” in how much it generates out of Saudi Arabia
Asset Management
UAE’s Shuaa Capital to deliver $2.7bn worth of property projects in London
Shuaa’s subsidiary Northacre is currently focused on completing its two key projects, No.1 Palace Street and The Broadway
acquisitions
Bahrain’s GFH signs $200m Las Vegas real estate deal
Assets consist of two multifamily residential compounds, Emerald Springs and The Meadows, located close to Las Vegas suburban areas
banking business
Goldman hires Citigroup, HSBC bankers amid deal surge in Middle East
Hirings come as deal activity picks up in the Middle East, fueled by governments and state-owned firms looking for new ways to raise money and diversify their economies
banking business
UBS hires team of Middle East private bankers from Credit Suisse
World’s largest wealth manager set to expand in the Gulf region, according to reports
Investment bank
UAE’s Shuaa Capital posts biggest H1 net profit in a decade
CEO Jassim Alseddiqi says company has ‘surpassed’ itself with performance in the first six months of 2021
acquisitions
Middle East SPAC trickle may turn to flood as Dubai’s Shuaa plans launches
Three SPACs are expected to list in the US this year and will target companies in the Middle East and North Africa, according to reports
Asset Management
Dubai’s Shuaa Capital set to go digital with new wealth platform
The platform, managed by newly appointed chief digital officer Hadi Raad, seizes a market opportunity in millennials and regional HNWIs
Asset Management
Dubai-based Shuaa Capital sells stake in Khaleeji Commercial Bank
Shuaa and its managed subsidiary Goldilocks Fund have sold interests in KHCB to Bahrain’s GFH Financial Group
Absa Group
On prowl for clients, Absa weaves banking network spanning globe
An area of focus is the Middle East, where Absa will consider setting up a coverage point to engage better with clients in the region, as well investors and commodity traders in markets like Japan, Singapore and India
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Asset Management
Dubai’s Shuaa Capital records highest Q1 profits in a decade
Looking ahead to Q2, Shuaa is looking towards a ‘healthy pipeline of activity and deals across the platform, including some transactions which saw delays in completion in the first quarter of the year’
Goldman Sachs
Goldman’s Saudi investment bank chief said to leave for PIF role
Eyas AlDossari will join the Public Investment Fund to help work on new investments, sources say
