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

Boursa Kuwait announces the listing of "KFH Capital REIT"

First Real Estate Investment Trust to be listed on Boursa Kuwait

Dubai to come back to debt market with 10-yr sukuk, 30-yr bonds

The new issuance could bolster the finances of the Middle East trade, finance and tourism hub, which has been hit hard by the coronavirus crisis this year.

UAE Property Deals Lure Israeli Investors

Matthew Bortnick, associate director at Tel Aviv-based Beauchamp Estates, said Israeli investors are keen to make forays into the UAE property market.

QSE declines by more than 77 points as Gulf funds square off their position

A total of 38,830 exchange traded funds (both QATR and QETF) valued at QR133,484 changed hands across eight transactions; while in the debt market, there was no trading of sovereign bonds and treasury bills.

UAE banks' investments in debt securities hit $72bln in June

The banks' investments in stocks were lowered by 15.4%

Bupa Investments raises stake in Saudi's Bupa Arabia for $134mln

Nazer Group to remain 'long-term shareholder'

Dubai plans comeback to international debt markets

The planned deals will be of benchmark size, which generally means upwards of $500 million, as part of a $6 billion sukuk issuance programme and of a $5bn bond issuance programme.

Waha Capital initiates fresh income generating Islamic fund

The fund is to be open-ended, and is expected to have a capacity in excess of $500 million.

Bahrain starts preparing its second bond sale this year - sources

One of the sources said the deal may include both conventional and Islamic bonds

ENBD Reit posts $215mln in Q1 NAV

Company maintains healthy blended portfolio occupancy

UAE unveils future energy, infrastructure roadmap

The UAE was also ranked first regionally and 12th globally in terms of the quality of infrastructure, and was ranked first regionally and 7th globally in terms of the availability and quality of road and transport infrastructure.

Sovereign wealth funds stampede into stocks outside the U.S.

We have seen more direct investments in public markets and this was partly skewed by large investments Saudi Arabia's PIF has made in U.S. equity markets in Q1

FTSE Russell launches local currency Saudi government bond index

The FTSE Saudi Arabian Government Bond Index will cover sukuk and non-sukuk government bonds

Saudi inflation to hover between 4% and 6% y-o-y in coming 12 months - MUFG

In July 2021, MUFG expects headline inflation to swing into negative territory primarily due to base effects

The Prevailing Trends of UAE Banks in Q2 2020

Like many banks globally, the UAE’s top lenders are likely to focus more on improving their efficacy in the coming period as a challenging operating environment demands increased efforts toward cost optimisation.

AM Best Affirms Credit Ratings of Bahrain Kuwait Insurance Company B.S.C. and Takaful International Company BSC

gig-Bahrain Takafuls ratings consider its strategic importance to gig-Bahrain, with the company providing a platform to underwrite takaful business locally and increasing the overall operations market share to approximately 20%, measured by gross written

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