Monday 28 July 2014
 
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investment bank

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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In a first, NCB Capital names female CEO

Saudi Arabia's National Commercial Bank (NCB) has appointed Sarah Al-Suhaimi as chief executive of its investment banking arm, sources aware of the matter said, the first time a woman has been named to head an investment bank in the kingdom.

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Iraq plans state investment bank to push projects

Iraq plans to establish a state-funded investment bank to help finance big infrastructure projects and steer money towards private sector companies which need it, said a senior government official. An underdeveloped, inefficient b

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Shuaa Capital swings to Q4 profit

Shuaa Capital, the Dubai-based investment bank, swung to a profit in the fourth-quarter of 2013, aided by cost cuts and growth in its core businesses. Shuaa made a quarterly net profit of 3.8 million dirhams ($1.03 million), compa

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Shuaa posts third quarter profit

Shuaa, the Dubai-based investment bank, reported a third-quarter net profit on Wednesday driven by growth in its core asset management and lending business. Shuaa made a net profit of Dh3.6 million ($980,100) in the third quarter

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Gulf banker plans investment bank in Dubai

Emad Mansour, a veteran Gulf Arab banker, is planning to set up an investment bank in Dubai's tax-free financial zone, he said on Sunday, joining a growing list of regional bankers taking advantage of a revival in deal making and a retreat b

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Saudi Fransi Capital wins award

Saudi Fransi Capital (SFC) has won the coveted "Most Innovative Investment Bank from the Middle East 2013" Award given by the Banker Magazine, a subsidiary of the Financial Times. The award ceremony was held in London and it h

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EFG Hermes swings to $4.2m loss in Q2

Egypt-based EFG Hermes, leading investment bank in the Arab world, suffered a net loss of EGP29 million ($4.2 million) in the second quarter compared to EGP71.2 million net profit a year earlier, it said on Sunday. The firm report

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Arcapita sells US-based logistics firm

Bahrain-based Arcapita Bank has announced that it has sold 3PD Holding, a leading last-mile logistics company in the US and Canada, for $365 million.    3PD was acquired by XPO Logistics, one of the fastest

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