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

Middle East property investors still favour UK and US

Investors continue to target stable countries with competitive debt markets that can boost cash returns

Real estate sector contributes 13.6% to Dubai’s GDP in 2018

Dubai’s GDP grew to AED 398bn last year

AUB concludes sale of its share in KMEFIC to Al-Thekeir Co

Dr Mudhaf expressed best wishes to the new owner and management of KMEFIC for continued success, growth and business continuity.

UAE- Emaar inks final terms for $500m sukuk

The developer earlier said that it had hired Standard Chartered as sole global coordinator while other banks involved in the transaction were Dubai Islamic Bank, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Sharjah Islamic Bank.

UAE investors to inject $10bn in Bangladesh economic zones

Bangladesh is on a growth overdrive and is expected to touch more than 8 percent in the next few years, making it the fastest growing economy in the world

Aramco pursues IPO plans despite doubts

Officials meeting bankers but IPO timeframe less certain

ADGMAC publishes unique and innovative arbitration guidelines for best practice in arbitration

This is part of ADGMAC's ongoing commitment to raise the level of global arbitration practice and standards

Alvarez & Marsal releases UAE banking pulse report for Q2 2019

The report shows that overall operating income across the sector improved marginally from Q1 2019, largely driven by consolidation activity in the sector as the merger of ADCB with Al Hilal Bank and UNB completed in the spring.

Kuwait’s consumer spending growth maintains upward momentum in Q3

The NBK consumer spending index (CSI) has thus far (as of August) expanded by 3.3 percent y/y in 3Q19 – above the 1.9 percent and 1.4 percent averages recorded in Q2 and Q1, respectively.

Aldar Properties inaugurates new Provis and Khidmah headquarters in Yas Mall

New head office will have more than 200 staff supported by over 3,000 technicians

Assets under management in GCC to grow steadily from $260bn in 2018, Moody's says

Investment legislation and economic diversification drive in the region will support growth of asset management business

Disruption – a Constant for the Energy Sector in the Coming Decade

“Aligning strategic imperatives to the disruptive forces in energy will be essential for organizations across the energy value chain to thrive,” said Bjorn Ewers, Managing Director and Partner at Boston Consulting Group.

UAE-based investors to develop 5 Economic Zones in Bangladesh

UAE-based investors present 25 investment projects at the Bangladesh Economic Forum

Tel Aviv-Based Media-Tech Fund Remagine Raises $31 Million

In September 2018, London-headquartered media and telecommunications company Sky announced a $4 million commitment to the fund

Octal Wins ‘Financing Deal of the Year’ Award at Alam Al-Iktisaad Wal a’Mal Business Awards

In a strong vote of confidence in OCTAL’s future, the Facility was oversubscribed by almost 250% and will continue to set OCTAL for stronger and rapid growth.

Shuaa gets closer to a name change Abu Dhabi Financial Group

It has been one month since it completed a merger with Abu Dhabi Financial Group

Stratas Advisors, Gulf Downstream Association to Host Downstream Symposium in Bahrain

The symposium is designed for mid-level and senior-level professionals who are supporting decision-makers or are decision-makers themselves.

Abraaj Breakup Sees Actis Take Over More Funds

Abraaj’s collapse has provided opportunities for its former rivals

Bond yields climb as ECB stimulus expectations adjust

The bond moves come as markets are gearing up for tomorrow’s European Central Bank meeting, which is widely expected to deliver a cut to interest rates and point to further bond-buying stimulus.

QSE inches near 10,400 on bullish foreign institutions

Trade turnover and volumes were on the decline in the bourse, where the banking, realty and industrials sectors together accounted for more than 85% of the total volume.

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