Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Lower property prices, interest rates drives UAE mortgage market growth

Mortgage Finder says there has been a 59% overall increase in mortgage enquiries in the UAE in 2019

Lebanon will probably restructure debt, foreigners will be paid-senior banker

One of the world’s most heavily indebted states, Lebanon is mired in a deep financial crisis

Saudi, U.A.E. Banks to See Jump in Loan Demand as Profit Lags

A regional expansion by U.A.E. banks may also add to revenue, as a government-backed mortgages program in Saudi Arabia fuels demand for home loans.

Saudi Q4 earnings outlook for equities, petrochem, banks and F&B

Net profit of petrochemical sector set to drop while cement, healthcare will shine

GCC projects signal strong prospects for steel

A strong resurgence in the GCC's economic growth prospects is fuelling growth of the region's construction and infrastructure industries

HSBC voted leading trade finance bank in Bahrain

This is the second consecutive year that HSBC Bahrain was voted the country’s top trade finance bank

Japan PM’s visit set to boost cooperation, says JETRO MD

Abe's trip will promote bilateral ties and begin a new era of partnership between the two countries, Hideki Sho says

GCC sovereigns’ fiscal reforms progress to remain slow

Lower oil revenue available to fund government spending will constrain growth in the non-oil sector which is expected to deter GCC countries from undertaking more fiscal tightening.

Danube completes $82mln 444-unit project in Dubai

The project is located in Arjan

First Abu Dhabi Bank to auction Al Jaber's Dubai Shangri-La hotel: sources

The auction by First Abu Dhabi Bank, which is the main lender for the Shangri-La hotel, marks a first step by creditors to recover funds

Saudi economy to grow 1.9% in 2020 – World Bank

The bank expects Saudi growth to strengthen during 2021 and 2022 to 2.2% and 2.4%, respectively

Kuwait’s foreign reserve rises to historic record

Kuwait’s economy depends on oil revenues which constitute more than 90 per cent of government income.

Emaar launches Burj Crown tower in Downtown Dubai

The tower is within walking distance of attractions such as Burj Khalifa, The Dubai Mall, The Dubai Fountains, Burj Park and Dubai Opera.Video: Emaar launches Burj Crown tower in Downtown Dubai

GCC sovereigns' 2020 outlook is negative, says Moody's

Negative outlook reflects slow progress on fiscal reforms, weak growth and higher geopolitical risks

Saudi Business Sector Promised With Attractive Investment Opportunities in Cyprus

The Kingdom's Vision 2030 aims to find economic and investment integration with the friendly countries, including the Republic of Cyprus, because of its natural wealth and geographical location

UAE’s Tabreed eyes new deals amid GCC expansion push

The district cooling firm is looking to expand through acquisitions and greenfield projects in the Gulf markets.

MUFG expects growth in real GDP in 2020 in the MENA region

The bank's research forecasts MENA real GDP growth of 2.7% in 2020, from a near flat 0.1% in 2019, with Saudi Arabia continuing last year's trend of being the regional outperformer

Dubai's Amlak Finance achieves 95% approval on debt restructuring

Negotiations underway on remainder 5%, representing three creditors out of twenty-seven

Dubai developer Azizi targets Chinese buyers

Chinese buyers ranked among the top four non-GCC property investors in Dubai in 2018, according to Dubai Land Department data

5 ETFs to Profit From Rise in Middle East Tension

Below we have highlighted six such zones and their popular ETFs where investors could stash their money amid the rise in Middle East tensions.

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