Monday 27 June 2016
 
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investment bank

Shuaa Capital cuts 15pc staff

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

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GFH wins top award at Banker Middle East

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

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EFG Hermes posts 17pc rise in Q1 profit

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. Ope

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Arqaam Capital opens new office in DIFC

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

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QInvest Q3 profit up one-third to $33.8m

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

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Investcorp buys eight residential properties in US

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

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HSBC named best investment bank in Mideast

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

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Qalaa sells 80pc stake in investment bank

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

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French bank to raise Mideast staffing by 50pc

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

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French bank to raise Mideast staffing by 50pc

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

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