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Middle East

  • November

    Global Investor/ISF launches MENA directory 18 November 2015

    Investment management, custodians and brokers based in the MENA region are invited to enter

  • Financial Market Innovation: Saudi CMA 03 November 2015

    The predicted rush into the Saudi market when QFI started this year has not happened – yet. But CMA’s groundwork looks set to pay dividends in 2016

  • Sukuk manager: QInvest 03 November 2015

    In 2014 QInvest closed sukuk worth $3.5bn, which equates to 20% of the international sukuk market

  • Asset Manager Jordan: AB Invest 03 November 2015

    Since inception AB Invest’s flagship funds have consistently outperformed benchmarks

  • Asset Manager Kuwait: NBK Capital 03 November 2015

    NBK’s MENA equities funds managed to achieve exceptional relative returns during 2014

  • Asset Manager Morocco: Wafa Gestion 03 November 2015

    The firm has a 30%-plus share of the Moroccan market and the best performing long term fixed income mutual fund

  • Asset Manager Oman: Bank Muscat 03 November 2015

    Bank Muscat’s Oryx Fund delivered a return of 25.92% in 2014 and 47.9% in 2013. It continues to be the best performing fund in its category in the GCC

  • Sharia fund manager: Sedco Capital 03 November 2015

    Real estate and the innovative launch of its Luxembourg shariah platform in 2013 paired with is sophisticated capabilities in liquid assets continue to maintain the firm’s strong performance in the shariah-compliant space

  • Sovereign wealth fund: ADIA 03 November 2015

    ADIA returns grow slightly as the giant SWF launches internal mandates and initiatives

  • Asset Manager Bahrain: GIB UK Asset Management 03 November 2015

    GIB UK’s efforts include the development of its Emerging Markets Opportunities Fund (EMOF) which, according to the firm, is the best expression of its alpha generating capability

  • Asset Manager Egypt: CI Capital 03 November 2015

    Firsts are not new to CI. It was the first institutionalized asset management firm in Egypt. It introduced Egypt’s first one-year open-ended capital-protected fund and launched Egypt’s first shariah-compliant money market fund

  • Asset Manager Qatar: QNB 03 November 2015

    QNB’s funds have successfully been able to outperform all the markets it operates in

  • Asset Manager Turkey: Yapi Kredi Asset Management 03 November 2015

    As of December 30, 2014, Yapi Kredi Asset Management managed assets totaling TL12.5bn ($5.4bn) with an 18% market share in mutual funds and 14.6% in pension funds

  • Asset Manager/Broker Palestine: Al Wasata Securities 03 November 2015

    Al Wasata was ranked number one in terms of new investor acquisition, with a share of 26% of total investors in the local market

  • Equity research provider: Mubasher Financial Services 03 November 2015

    The firm provides some of the most comprehensive technical and funds research along with customized and third party research

  • Fintech vendor: NASDAQ OMX 03 November 2015

    NASDAQ continues to lead the pack in exchange technology

  • Fund administrator: Deutsche Bank 03 November 2015

    The bank has expanded its administration capabilities by automating multiple processes

  • Asset Manager Lebanon: Blominvest 03 November 2015

    Blominvest Bank’s asset management has grown from being a local player with two funds to becoming a regional competitor with 10 funds projected to reach $750m by end of 2015

  • Asset Manager Saudi Arabia: Al Rajhi Capital 03 November 2015

    Al Rajhi launched a number of new initiatives in the past year – notably its sukuk and IPO funds

  • Asset Manager UAE: Union National Bank 03 November 2015

    Union National Bank’s (UNB) funds continued to perform strongly in 2014 – despite volatility in the markets

  • Broker Jordan: AB Invest 03 November 2015

    AB Invest retains highest turnover on Amman Stock Exchange, investing heavily in IT infrastructure

  • Broker Lebanon: MedSecurities Investment 03 November 2015

    In the last few years, MedSecurities has introduced several innovative measures to expand its brokerage appeal. It launched its Solidere Capital Guaranteed Certificate, offering selected customers returns on share prices with limited risk exposure. It also brought in institutional fixed-income arbitrage and focused private placement positioning

  • Broker Oman: EFG Hermes 03 November 2015

    EFG Hermes Oman combines excellent research with investor engagement reporting rising market share

  • Broker Qatar: QNB Financial Services 03 November 2015

    QNB Financial Services consolidates after exceptional 2014

  • Derivatives provider: HSBC 03 November 2015

    With a well-balanced client mix consisting of 50% corporate and 50% financial institutions and governments, the bank was well placed to recycle risk

  • Financial centre: QFC 03 November 2015

    Qatar Financial Centre (QFC) has long been at the forefront of financial markets development across the Middle East – and 2014 was no different

  • Real estate investment: Sidra Capital 03 November 2015

    A shariah-compliant alternative asset manager specializing in real estate that continues to push its business boundaries

  • Broker Egypt: EFG Hermes 03 November 2015

    EFG Hermes continues to lead the Egyptian brokerage market with excellent research and integrated services

  • Broker Saudi Arabia: Albilad Capital 03 November 2015

    Saudi-based broker focuses on technological provision to engage clients

  • Broker UAE: Mubasher Financial Services 03 November 2015

    UAE broker delivers advanced all-in-one trading platform to stay ahead of competitors

  • Equities Manager Kuwait: Markaz 03 November 2015

    The Kuwait-based manager continues to grow fund offering in tough economic environment

  • ETF provider: Falcom Financial Services 03 November 2015

    Falcom is an ETF pioneer in the Middle East – a market that is expected to rocket in the next year

  • Exchange: Saudi Stock Exchange 03 November 2015

    The restructured and updated Saudi Exchange posts an extraordinary turnaround from 2013

  • Global custodian: JPMorgan 03 November 2015

    CEO James Dimon has reaffirmed JP Morgan’s commitment to custody despite forthcoming regulation

  • Sub-custodian: HSBC 03 November 2015

    In the Mena region, HSBC is the only custodian bank to offer sub-custody services in all six GCC countries in addition to Egypt, Lebanon and Palestine

  • Best newcomer: Iridium 03 November 2015

    The start-up has already won mandates to bring investor relations practices in the region up to international standards

  • Broker Kuwait: EFG Hermes 03 November 2015

    EFG Hermes Kuwait operation expands, reaching 3000 new clients in 2014 alone

  • Cash manager: Emirates NBD 03 November 2015

    Emirates NBD sees success across the board in 2015

  • Consultancy: Insight Discovery 03 November 2015

    Dubai-based research consultancy continues to provide strategic insight in the Middle East

  • Equities manager Egypt: Rasmala Egypt Asset Management 03 November 2015

    Egyptian-based Rasmala continues to deliver 5% outperformance despite market difficulties

  • Equities Manager Qatar: Al Rayan Investment 03 November 2015

    Al Rayan reaches five year milestone and bucks economic slump

  • Equities Manager Saudi: HSBC Saudi 03 November 2015

    HSBC Saudi funds report good performance despite GCC downward turn

  • Equities Manager UAE: ADCB Asset Management 03 November 2015

    ADCB seeks UCITS-compliance as Al Nokhitha Fund remains strong

  • Regional broker: Aljazira Capital 03 November 2015

    First among 30 brokerage firms in the Saudi capital market in 2014 with 17.29% of the total number of trades in the market

  • Transition manager: Citi 03 November 2015

    Citi has a growing Middle East transition management footprint and last year helped several clients in transition their portfolios from external managers to in-house management

  • UAE Fixed Income: NBAD 03 November 2015

    The National Bank of Abu Dhabi leads in fixed income provision

  • Wealth manager: Barclays 03 November 2015

    Barclays cuts costs and raises satisfaction for private wealth clients

  • Fixed income manager: Rasmala Investment Bank 03 November 2015

    Rasmala has continued to build and enhance its product offering

  • Regional asset manager: Jadwa Investment 03 November 2015

    Jadwa’s equity funds continue to outperform their nearest rivals and their benchmarks

  • CEO of the Year: Adel Saleh Al-Ghamdi, Saudi Stock Exchange 03 November 2015

    Having turned the Saudi Stock Exchange’s performance on its head, Adel Saleh Al-Ghamdi is unfazed by current market troubles

  • International asset manager: Kuwait Investment Company 03 November 2015

    KIC’s investment portfolios outperformed the Kuwait Stock Exchange weighted performance rates

  • Regional equities manager: GIB UK 03 November 2015

    Offering passive indexed equity funds at competitive prices, GIB UK continues to offer new opportunities and solid returns

  • Photos of the Middle East Awards winners 02 November 2015

  • Middle East Awards 2015: Winners announced 02 November 2015

    Global Investor/ISF has named top performers in the MENA region at an annual event in Dubai

  • Sub-custody Survey LIVE 02 November 2015

    All users of the services of sub-custodians (agent banks), from broker-dealers to global custodians, are asked to rate their performance

  • October

    Broadridge hires trio to expand EMEA team 22 October 2015

    Broadridge has announced the expansion of its EMEA leadership team with three new London-based appointments.

  • ADS and Duemme launch new GCC fund 21 October 2015

    Abu Dhabi-based ADS Securities and Duemme SGR, an asset management company owned by Banca Esperia, have partnered to launch Duemme GCC Markets - a balanced fund investing in GCC markets.

  • Middle East roundtable 20 October 2015

    Liberalisation of the Saudi stock exchange was the big regional event of 2015. And the next big thing will be Saudi’s accession to the MSCI EM Index. But while Saudi grabs the investment headlines, there has also been significant change across the whole Middle East – creating some surprising investment opportunities and markets. James Gavin discusses the Saudi ripple effect, best practice, new products, asset sectors and markets, with some of the leading names across the Middle East investment spectrum

  • Local funds for local firms 19 October 2015

    The recent involvement of international firms in local deals suggests that the Middle East is no longer just seen as somewhere to raise funds for private equity investment elsewhere. Domestic and international investment is starting to go local. By Paul Golden

  • The next big thing 19 October 2015

    Assets in Middle East focused ETFs are less than $150m, despite Middle East investors holding up to $30bn of international ETFs. Middle East domiciled ETFs may still be a market waiting to happen but 2016 looks set to be the beginning of the boom. By Paul Golden

  • The infrastructure kings 19 October 2015

    Infrastructure funds could soon be benefiting from a Middle East sovereign wealth fund (SWF) client base. The region’s SWFs are growing in, and hiring in, expertise in infrastructure investment. Consequently, the jump from direct equity, where opportunities are limited, to secondary infra fund investment looks more and more certain. By Tom Nelthorpe

  • Pathan joins Arabesque 08 October 2015

    Rehan Noor Pathan has joined London-based ESG quant fund manager Arabesque Partners as head of Middle East operations.

  • HSBC Saudi wins Ashmore custody mandate 07 October 2015

    HSBC Saudi Arabia has been mandated as local custodian to Ashmore Group - one of the first international asset managers to get qualified foreign investor (QFI) status to invest in Saudi’s stock market (Tadawul).

  • September

    Equity Lending Survey 2015: The Results 25 September 2015

    Morgan Stanley and State Street have taken the highest accolades in the 2015 Global Investor/ISF equity lending survey.

  • Allfunds Bank to distribute Jadwa Investment’s sharia-compliant funds 14 September 2015

    Jadwa Investment and Allfunds Bank (AFB) have announced a new distribution agreement to offer Jadwa’s portfolio of sharia-compliant mutual funds across AFB’s global platform.

  • The infrastructure kings 08 September 2015

    Infrastructure funds could soon be benefiting from a Middle East sovereign wealth fund (SWF) client base. The region’s SWFs are growing in, and hiring in, expertise in infrastructure investment. Consequently, the jump from direct equity, where opportunities are limited, to secondary infra fund investment looks more and more certain. By Tom Nelthorpe

  • Tehran or bust? 07 September 2015

    With a developed stock exchange and undervalued stock that continues to drop in price – the first western fund could be trading in Iran by the end of the month. By Andrew Maloney.

  • August

    National Bank of Abu Dhabi cleared for securities lending 14 August 2015

    As part of liquidity reforms in the UAE, The National Bank of Abu Dhabi has announced that it will become the first securities lending and borrowing agent in the region.

  • Sturgeon Capital to open first post-nuclear deal Iran investment fund 11 August 2015

    London-based emerging markets boutique Sturgeon Capital is launching an Iran focused equity fund in September – potentially the first foreign-owned fund to move into the market since international sanctions, begun in 2006, made the country a foreign investment no flow zone.

  • July

    ADIA hires Kuroda 28 July 2015

    Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has appointed Hisashi Kuroda as head of Japan, internal equities department, effective immediately

  • Asiya Investments launches UCITS fund 28 July 2015

    Kuwait-based Asiya Investments and Trium Capital are to jointly launch the Asiya Emerging Asia Fund on the Trium UCITS platform

  • Beneficial owners,Global custody/Sub custody - Survey Winner Photos 2015 06 July 2015

  • June

    BMO rebrands asset management business 18 June 2015

    Acquisition of F&C Asset Management last year to form core of newly named BMO Global Asset Management

  • Bahrain could provide access to Saudi Arabia 16 June 2015

    Hannah Smithies considers the potential of Bahrain to provide access to Saudi Arabia when its neighbour opens its borders, as Hong Kong does to China

  • May

    HSBC: The march of the new 13 May 2015

    HSBC sets out how investors are responding to liberalisation initiatives in three key emerging markets: Saudi Arabia, China and India Bring us up to date with the progress towards allowing foreign investors in Saudi Arabia.

  • Kuwait ready for recovery 12 May 2015

    Kuwait has been hit by the negative oil-related sentiment affecting the GCC. But regulatory reform and planned IPOs mean it will be ready when confidence returns, finds James Gavin

  • Saudi Arabia releases QFI rules 05 May 2015

    Capital Market Association allows institutions with AuM of over SAR18.75bn right to apply for qualified foreign investor status

  • April

    Mena Awards 2015 extended 27 April 2015

    Asset managers and investment services firms are invited to send in nominations until July 16

  • StanChart recruits former GCHQ director 23 April 2015

    Standard Chartered appoints former director of the UK security and intelligence organisation to its board's financial crime risk committee

  • Tadawul to open to foreigners on June 15 16 April 2015

    Saudi Arabia's Capital Market Authority announces timeline for allowing qualified foreign investors to trade shares listed on the Tadawul

  • March

    Rasmala Egypt Asset Management: Emerging evaluation 04 March 2015

    Ahmed Abou El-Saad, Chairman of Rasmala Egypt Asset Management, says that fundamental analysis is essential to navigate risk in emerging markets

  • February

    Sub-custody guide 25 February 2015

    Global Investor/ISF’s annual Sub-custody guide contains survey results and country profiles detailing the regulatory, technological and tax changes in each market

  • Sub-custody guide: Bahrain 25 February 2015

  • Sub-custody guide: Israel 25 February 2015

  • Sub-custody guide: Jordan 25 February 2015

  • Sub-custody guide: Kuwait 25 February 2015

  • Sub-custody guide: Lebanon 25 February 2015

  • Sub-custody guide: Oman 25 February 2015

  • Sub-custody guide: Qatar 25 February 2015

  • Sub-custody guide: Saudi Arabia 25 February 2015

  • Sub-custody guide: UAE 25 February 2015

  • Mena frontier markets could offer opportunities 24 February 2015

    Investors are on the lookout for the next Mena success story following the recent elevation of the leading GCC economies to emerging market status. James Gavin investigates

  • Neuberger Berman hires Mena head 24 February 2015

    Former head of Middle East at SEI Investments joins employee-controlled investment manager

  • Deutsche AWM launches GCC equity ETF 24 February 2015

    Deutsche Asset & Wealth Management launches first ETF to provide equity exposure to Middle Eastern Gulf states, including Saudi Arabia

  • Sub-custody survey results: Middle East and Africa 16 February 2015

    Global Investor/ISF has revealed the results of its annual survey and guide to sub-custody markets