UAE-based investment bank Menacorp has been ranked the number one brokerage house in the UAE by trade value for 2013, according to a recent report.

The bank bested 49 competitors at the DFM and ADX exchanges through the year, delivering leading services behind its philosophy of ‘Values Creating Value,’ said the official data published by the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX).

As one of the few UAE-based brokers authorized by the Securities and Commodities Authority to offer margin trading and access to regional and international markets, Menacorp gathered 40 brokers to form the largest sales force in the region recently.
 
Fathi Ben Grira, CEO, said: “Being formally recognised as the leading financial services firm on UAE markets by the DFM and the ADX is a great honour for all our team.”

Menacorp is based in Abu Dhabi with a secondary office in Dubai. It offers investment banking, securities brokerage, asset management, financial research, and shariah-compliant financial solutions to the Mena market. - TradeArabia News Service