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

In Dubai, developers turn mortgage providers

Banks’ reluctance is creating an opportunity for developers to sell and lend

Fundraising on Mena equity markets hit all-time high in 2019

Saudi Aramco IPO pushed equity capital market issuance up five-fold to $27.4bn

Ahlibank posts QR675.2mn net profit in 2019

Ahlibank’s Board of Directors proposed cash dividend of 15% and bonus share of 5% as dividend distribution for 2019

Majority of GCC professionals see no uplift in salaries

The latest Hays 2020 GCC Salary & Employment Report found 54% of working professionals salaries remained the same year-on-year in 2019, 41% increased and 5% decreased.

Mohamed Jameel Al Ramahi, CEO, Masdar: "UAE is ideally positioned to reassert its credentials as a global sustainability leader"

Predictions For 2020: The financial community is now responding to the growing public demand for climate action.

Dubai-based PE firm Fajr Capital exits Brunei bank

Its shareholders include the investment agencies of the governments of Abu Dhabi, Brunei and Malaysia.

Foreign investments in UAE stock markets rise to five-year high

Net investments of non-Arabs in the financial markets in Abu Dhabi and Dubai rise to $3.4bn in 2019

Al Ramz acquires market-making business of Shuaa Capital

The deal comes after plans to sell the same unit to IHC got scrapped last year

Emirates reveals plan to raise funds for Australian bushfire relief

There's been an outpouring of support from all over the world for Australia, including from the UAE.

First-Of-Its-Kind Luxury vault and safe deposit facility unveiled at DMCC’s Almas Tower in Dubai

The first-of-its-kind vault further strengthens the position of Almas Tower at the heart of the region’s gold, diamond and jewellery trade; DMCC committed to supporting value services and solutions to DMCC member companies, the community and industr

Issuers Shrug Off Geopolitical Risk as Investors Pile into GCC Bonds, Sukuk

A slew of GCC borrowers have moved to sell bonds and sukuk to global investors a further sign that regional borrowers and capital holders remain unperturbed by any perceived escalation in geopolitical risk.

Ensuring the Benefits of Capital Flows in the Middle East

But the region’s economies must do more work to ensure the benefits of portfolio inflows while securing more stable and growth-friendly foreign direct investment, our research shows.

Abu Dhabi Department Of Energy Announces Green Bond Programme

Green bonds to be an investment vehicle for sustainable projects across the Region and support Abu Dhabi’s commitment to build a diversified economy in line with its 2030 Vision

Gulf Capital unveils growth plans following $100mln IVI-RMA Mideast acquisition

Expansion plan will initiate a new platform-wide brand identity in 2020, include the inauguration of a cutting-edge genetics lab in Abu Dhabi

Down, but not out: Middle East private equity fights on

Fund-raising remains difficult, but stronger firms are emerging, say participants

Pacific Prime Dubai Receives Cigna’s Individual Broker of the Year 2019 Award

This award recognizes their unique contributions and dedication which have helped us build our IPMI offering and broaden our services to our customers.”

CORRECTED-UPDATE 1-Qatar National Bank issues $600 mln Formosa bond

Gulf borrowers have begun the year by issuing sukuk, or Islamic bonds, as that market benefits from pent up demand from Islamic investors, largely based in the region.

Samana offers 50% financing in new Dubai project

Samana Developers will be providing the most attractive terms for end users financing for both residents as well as non-residents

Abu Dhabi energy firm Masdar launches green REIT in UAE

The first green REIT in the United Arab Emirates

ADIA plans private equity fund stake sale

If it goes ahead, this could generate $2b in proceeds for Abu Dhabi entity

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