 |
Gulf growth drawing global funds to set up shopInternational asset management firms are showing renewed interest in setting up in the Gulf, drawn by markets performing better than those in more volatile emerging economies. Despite high incomes and large sovereign wealth funds, More… |
 |
Nomura opens Mideast office in DubaiJapanese fund manager Nomura Asset Management has opened an office in the Dubai International Financial Centre (DIFC), as part of its ongoing commitment to the Middle East. The launch is part of a broader strat More… |
 |
JP Morgan names ME public sector chiefLeading global financial services firm JP Morgan has appointed Ahmed Saeed, an industry veteran, as the new head of public sector coverage for its Middle East division. Saeed joins from Nomura International, where he was most rece More… |
 |
Nomura readies ME forex trading teamJapanese investment bank Nomura is setting up a foreign exchange trading team in Dubai to meet growing demand among its institutional clients to trade Mena currencies, the bank said on Monday. Nomura said it had hired three specialists in More… |
 |
Nomura to offer access to Saudi stock marketNomura, a global investment bank, has been authorised by the Saudi Arabian Capital Markets Authority (CMA) to offer international institutional investors access to the Saudi stock market (Tadawul). Nomura, in accordance with CMA guideline More… |
 |
Damas hires Nomura on potential offerUAE jeweller Damas International has appointed Japan's Nomura to advise it on a potential offer from Qatari conglomerate Mannai Corp, three sources familiar with the matter said on Wednesday. Mannai, whose operations span the oil and More… |
 |
DP World 'likely to post higher H1 profit'Analysts at UBS and Nomura expect port operator DP World's first-half profit to be higher due to a rise in container volumes and better margins. The company, which is the world's third-largest ports operator, More… |
 |
Low demand, inflation 'to hurt UAE real estate'The real estate sector in the United Arab Emirates continues to languish due to high inflation and reduced demand, despite improving liquidity, Nomura said, and cut its price targets on four real-estate developers in the region. Nomura cut More… |
 |
ME petchem firms set for strong Q2Middle East petrochemical companies will see another quarter of strong earnings growth, due to the continued rise in chemical prices combined with increased plant utilisations, Nomura said. The brokerage in its forecast stated that profit More… |
 |
Mena petchem sector ‘attractive despite unrest’Nomura sees the petrochemical sector in the Mena region an attractive one despite political unrest, due to higher prices, export demand and plant utilisation. The brokerage said it prefers speciality petrochemical companies like Saudi Basi More… |
