#Morgan Stanley

Wellington Management opens Dubai Office

Wellington Management set to expand into Middle East with Dubai office

Wellington has been managing assets for clients in the Middle East and North Africa for 29 years and decided to expand into the region to support local needs


Saudi stocks are performing well helping EM fund managers beat peers

Saudi Arabia’s Vision 2030 programme to transform the kingdom is a key support to the Saudi stock market

Smartwatches no longer a threat to pricey swiss timepieces

Smartwatches no longer a threat to pricey swiss timepieces, Morgan Stanley says

Smartwatches are still outselling the Swiss watch market by a wide margin, with Apple selling more during one quarter than the Swiss industry does in a year

Turkish lira

Turkish lira falls to record low against US greenback

Wall Street sees more weakness ahead for the lira, with Morgan Stanley warning that it may reach 26 per dollar sooner than earlier expected and slide toward to 28 by the end of the year

Dubai property market Morgan Stanley

Morgan Stanley sees cash buyers and Chinese buoying Dubai property

Demand for Dubai real estate is booming after the government’s handling of the pandemic and its liberal visa policies attracted more foreign buyers

Americana, Luberef IPO managers set to share $74m in fees

Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn


Big tech sinks stocks as clock ticks on earnings

All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading

Morgan Stanley raises oil forecasts by $10 citing market deficit

The bank raised its third quarter estimate to $130 a barrel

SABIC to shortlist Citi, Morgan Stanley for specialty chemicals IPO

SABIC hasn’t decided on a venue for the sale

ADNOC hires Morgan Stanley veteran Klaus Froehlich as CIO

Froehlich spent 16 years working at Morgan Stanley in Europe and the Middle East

Coronavirus pandemic drags global M&A to lowest level since 2012

Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012