The research center will cover 300 equities with a market capitalization of $500m and more in MENAT - Middle East, North Africa and Turkey, and it may hire as many as 100 analysts over the next three years.

"Investors are hungry for information to support the advice they receive from advisers and the new research centre will add a new dimension to our equities offering,'' said Riad Meliti, chief executive officer of Arqaam Capital.

Arqaam Capital was launched in 2007, offering brokerage , corporate finance, equity derivatives, and asset management services, among others.