Finance articles

Dubai World Trade Center

Fields of green

Although the MSCI EM and EFM indices implied a bad month for emerging and frontier markets, with losses of 7.6 percent and 7.4 percent respectively for September, and although both indices were barely above water for the nine months ending on September 30, this tristesse did not reflect the performance of Arab markets in the

Acket on economics

Janwillem Acket is “the longest serving guy in the Zürich banking place” in his role as chief economist of Julius Bär, a Swiss private bank that has expanded its profile in emerging markets, including Lebanon, with the acquisition of Merrill Lynch’s international wealth management operations in 2012. He sat with Executive for a wide ranging

Making sense of the macro

For an extended interview with Janwillem Acket, read this.   To say that playing the global economy makes for a tricky game may be the world’s biggest understatement in the best of times. These days, however, the vagaries on the monetary and financial fronts extend far beyond the normal chaos that supplies the chat fodder

Unique challenges

Executive sat down with Kelvin Tay, Swiss banking stalwart UBS’ managing director and chief investment officer for the Southern Asia and Pacific region, during his first visit to Lebanon. While he notes his enthusiasm concerning the growth of the Asian market, he expresses concerns regarding the MENA region’s attractiveness for investment. For more on UBS

A tougher game

It is no secret that the management of other people’s money — especially of very rich people’s money — can make you a living, yet it is fraught with hazards. Swiss banks are, and have long been, the epitome of wealth management in service to high net-worth customers. But as Executive noted in our latest

The sideways stumble

The MENA’s benchmark indices kept a steady direction in the 37th week of the year, generally continuing the trend of the previous week. The region’s largest market, Riyadh’s Tadawul, continued to move sideways at an elevated level reached by a six week rally between July 21 and the start of September. The bourses of Oman,

Money magnet

Money magnets

This article is part of an Executive special report on wealth management and private banking. Read more stories published here, or pick up September’s issue at newsstands in Lebanon.   “Get on a plane from Middle Eastern Airlines (MEA) from Geneva to Beirut, and see how many bankers you have on that plane going and

Dubai mall fountain sculpture

Malls and mobiles

Arab markets made a well behaved transition into September. Benchmark indices at all regionally relevant exchanges moved as one might expect top local influencers want them to in the 36th week of the year. Saudi Arabia’s TASI went sideways just after some analysts started to warn of potentials for overheating. The Egyptian and Qatari benchmarks

Don’t ask for too much

This article is part of an Executive special report on wealth management and private banking. Read more stories as they’re published here, or pick up September’s issue at newsstands in Lebanon.   Banque Libano-Française, a Lebanese alpha group bank whose assets stood at $11 billion at the end of June 2014, does not operate a

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