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

Emirates NBD hires banks for perpetual dollar bonds -document

The bank has hired Emirates NBD Capital, HSBC and Standard Chartered to coordinate the potential deal, with Bank of America, Citi, and First Abu Dhabi Bank also involved

The hunt for yield is harder for investors but opportunities still exist

While generating income from your portfolio is a challenge during Covid-19, you can earn a decent return if you know where to look

DGCX, Albilad partner to provide pricing data for ETF

The DGCX’s Shari’ah Compliant Spot Gold contract, which provides pricing data to Al Bilad’s gold-backed ETF, was launched in 2018 and is the GCC’s first and the world’s only Shari’ah Compliant Spot Gold Contract.

Gold on track for its best quarter since 2016, flirting with key US$1,800 an ounce level amid coronavirus, other uncertainties

During the current the coronavirus pandemic and in prior crises, gold has been an effective diversifier and risk reducer in balanced, growth or equity oriented portfolios.

Azizi Developments sees Dubai property sector recovering in early 2021

The company plans to start four new projects and aims to raise $300m through sukuk

Dubai’s Emirates Islamic offers incentives to UAE healthcare professionals

The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals

UAE firm opens window for NRIs to buy digital gold asset

As currency enters the Gulf, Middle East, Africa and India markets

Turkey’s emerging market status may face downgrade

Goldman Sachs said this boost from Qatar could only cover up to one third of Turkey’s foreign exchange funding gap this year.

Record $15.4bn in gold purchased by exchange traded products in Q1: Invesco

We show you our most important and recent visitors news details Record $15.4bn in gold purchased by exchange traded products in Q1: Invesco in the following article

Dubai Gold and Commodities Exchange to launch currency rolling futures contracts in July

New perpetual contracts offer greater access for traders to global currency markets

Egypt- EFG Hermes, TSFE starts due diligence on aiBank to buy majority stake

'The partnership with EFG Hermes comes as part of the Fund's strategy to cooperate with Egypt's private sector to invest in promising sectors and in particular financial services and FinTech.'

Abu Dhabi wins $10bn FDI in gas pipeline deal

Given the global economic climate, it is a great endorsement of ADNOC and the UAE’s world-class assets

Kuwait is facing a dilemma over Future Generations Fund

Influential voices question government move to cut funding this year

Investments in telecom and health systems pay dividends as KSA eyes economic turnaround

The Covid-19 Response Report was produced in collaboration with stc.

Gold remains an attractive investment option despite latest surge

While many investors do not like gold as an asset class given that it pays no interest, those same investors may find the precious metal a better alternative to many other asset classes.

SEDCO Capital exits Germany's ABC West

Situated in Frankfurt, ABC West is a 13,723 square metre office space

Dubai homeowners find it's not easy changing property managers

Despite new Law, developers are still holding sway over owners associations

Emirates REIT seeks names behind 'suspicious trades' of its shares

Files petition in DIFC Courts to get Nasdaq Dubai to reveal traders identity

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Responsible investing around the world

Around the world, different regions have embraced ESG principles in varying ways and each market has something to contribute, which is why it is crucial for MENA based investors to have an overview of how ESG is evolving from a global perspective.

Alternative Investments