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Solid trading debut for Orascom Construction at Abu Dhabi market ADX
On its first trading day on the Abu Dhabi Securities Exchange (ADX), the stock of Orascom Construction turned out to be a high-flyer and emerged as a winner on the trading floor. The Egyptian construction group's trading debut in the UAE capital comes at the expense of Dubai's financial hub
BMW, Mercedes and VW: German Icons Reinvent Themselves
Pressured equally by Washington and Beijing, BMW, Mercedes and Volkswagen return to the stage at the IAA Mobility in Munich. With multi-billion investments, new electric models and a global strategy, the German industry wants to prove it remains indispensable in the race for the mobility of tomorrow
BTA Finance Picks Avaloq for Digital Wealth Services in Dubai
BTA Finance Limited, a Dubai-based financial institution, has partnered with Avaloq to modernize its wealth and investment management operations. By adopting the Avaloq platform as its core wealth system, BTA Finance Limited will automate and standardize key processes to streamline operations, enabl
Financial Sector to Be Asked to Contribute More
The Swiss Federal Audit Office (SFAO) has presented its report on the resource situation at the Federal Office of Police (fedpol), which also houses the Money Laundering Reporting Office Switzerland (MROS). The financial industry is now expected to shoulder part of the rising costs.
Lombard Odier: Lack of Succession Planning in the Gulf Region
Like in Switzerland, family businesses are the backbone of the economy across the Middle East. But fewer than 1 in 5 family businesses in the Gulf region have a comprehensive succession plan in place, a new survey-based study by Swiss private bank Lombard Odier reveals.
Testarossa Returns: Ferrari’s 1,050-Horsepower Statement
While the rest of the automotive world gathered in Munich for the IAA, Ferrari went its own way in Milan to present the successor to the SF90 – the most racing-oriented model in its regular lineup. Europe’s most valuable carmaker is clearly comfortable setting its own agenda.
Middle East: Blackrock Banks on the City of Millionaires
The world’s largest asset manager will open a branch in the northern Gulf state — and with good reason: around 15 percent of Kuwaitis are millionaires, and the virtually debt-free oil state is one of the most active investors in global financial markets.
GZO Creditor's Meeting: Interim Victory for Administrators and Hospital
The creditors of Spital Wetzikon have expressed their confidence in the two administrators. However, the opposition group around Clearway Capital succeeded in placing two of its candidates on the creditors’ committee—where a surprise also emerged. What had long been suspected is now official: PostFi
Structured Products: Which Paths Lead Out of Stagnation?
Structured products have firmly established themselves in the Swiss investment landscape over the past 30 years. Yet their share of total securities holdings has stagnated. Cryptocurrencies and ETFs have become strong competitors. At the industry’s most important gathering, it became clear: there is
Finreon Expands to the Middle East With Senior Hire
Finreon, a Swiss asset management firm, plans to step into the Middle East with the launch of a representative office in the Dubai International Financial Centre. The move builds on the company’s established presence in Switzerland and Germany, with offices in St. Gallen, Zurich, and Frankfurt.
GZO Hospital Wetzikon: Clearway Surprises with Candidate List
The group around Clearway Capital and Gregor Greber has proposed four representatives for election to the creditors’ committee, covering a broad spectrum of stakeholders involved in the distressed bond of GZO Spital Wetzikon. Greber also spoke directly to finews.ch, expressing frustration over what
Sergio Ermotti Warns of Challenging Times
UBS CEO Sergio Ermotti struck a cautious tone on the economic outlook at the Day of the Swiss Economy hosted by Economiesuisse, citing the impact of U.S. tariffs. He rejected suggestions that UBS should «shrink itself» in light of potential tighter regulations.
Lazard Upgrades Riyadh Branch to Regional HQ
The global financial advisory and asset management firm Lazard, based in New York, is expanding its office in the Saudi capital Riyadh into its regional headquarters for the Middle East. This move once again highlights the intense competition among Gulf financial centers.