It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
“Global institutions of developed markets are currently retrenching from their frontier and emerging-market bases, increasing the opportunity that we have in front of us today,” CEO Riad Meliti said. Arqaam is exploring both acquisitions and “organic” growth, he said. Arqaam is among Arabian Gulf investment banks that are hiring after Europe’s debt crisis led banks including Credit Suisse Group, Nomura Holdings and Morgan Stanley to trim their regional presence. Trading value in emerging-market shares has risen in 2013 as economic growth that’s more than six times higher than developed nations spurs corporate earnings.
The company, which expects to this year “significantly” increase assets under management from $175 million, has boosted staff 28-fold to 110 since it started operations five years ago, Meliti said. Arqaam will add headcount in Dubai, Cairo, Tripoli and Beirut, after posting a compounded annual growth rate of 35 per cent since inception, a level of momentum it expects to sustain, he said.
“Our macro vision is global in terms of what’s happening with the shift in focus from developed to emerging and frontier,” Meliti said. “Anything in between is just turbulence, because we know the trajectory in the long term.”
“It was a critical market for us to have a presence on the ground in to produce research and add value to regional and international clientele to invest in the market,” Meliti said.
It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The 18-year-old was taken to hospital in a serious condition
The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
The left-handed batter scored 3369 runs in 136 one-day internationals and 2893 in 140 Twenty20 internationals — both Pakistan records
Food supplies were distributed to 80 households
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The online retailer, which is headquartered in Singapore, has said it has around 108 million monthly active users in the 27-nation EU
The baby girl named Rouh, meaning Soul, suffered respiratory problems and a weak immune system, a doctor at the Emirati Hospital in Rafah said