Mirabaud Middle East and Menacorp sign agreement

Dubai:

Mirabaud Middle East Ltd and Menacorp, the largest UAE based securities brokerage firm by trade value and market share, announced the signing of an agreement that will expand Mirabaud Middle East’s brokerage offerings to its gulf clients by providing a superior level of access to Middle East and North Africa (Mena) stock markets.

This partnership will provide Mirabaud’s wealth management clients who are mainly invested in the global markets with a trading platform that provides access to Mena opportunities within the regional stock markets. The platform also offers opportunities for execution in the GCC’s $560 billion Tadawul stock market.

“We are very pleased to sign this agreement with a first class bank like Mirabaud. Following the upgrade of the UAE and Qatar to emerging market status, we have seen a wave of international private banks starting to offer Mena services to their clients, capitalising on the huge opportunities that exist in this market,” Racha Al Khawaja, Head of Institutional Coverage at Menacorp said in a statement.

Menacorp, which has been active in the region for over 11 years, will provide guidance and insight into market directions in addition to providing highly-developed execution capabilities and advanced trading tools, allowing clients to perform high-volume tradings.