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

Axiory Global expands to Middle East

They are also available in the Islamic variant considering the local market of UAE.

Drop in commercial sector sales hits Kuwait real estate market

Figures from National Bank of Kuwait show real estate sales dropped to $693.6m in October

Economic reform program reflected in positive figures: Ma’it

“We are targeting a growth rate of 7 percent by 2022."The foreign currency cash reserves have jumped from $12 billion in 2014 to more than $ 45 billion currently,” he revealed.

Abu Dhabi’s go-to man builds $229 billion fund for post-oil era

His broad remit - it even includes the chairmanship of Manchester City Football Club - is particularly important now as Abu Dhabi seeks to reduce its dependence on oil and Mubadala works to diversify its investments.

UK-based Apis Partners hits final close of second fund at $550m, exceeds target

Apis Growth Fund II expects to make equity investments of between $30 million and $50 million into financial services with a focus on capital-light financial services and fintech companies across the growth markets of Africa, South Asia and Southeast Asia

MetLife Named Life Insurance Company of the Year

Company recognized for its Customer Centricity

Qatar's Commercial Bank expects to issue $500mln bonds in Q1 or Q2-CEO

Qatari banks have sought to tap a larger variety of investors

Al Zahia launches the UAE’s first Value Protection Programme for Investors

The Value Protection Programme will be available until December 31st, 2019.

Falcon Network launches second round of funding for start-ups

Inaugural round, earlier this year, saw six start-up companies benefit from investment totalling more than $450,000

Majid Al Futtaim to invest $1.5bn in Saudi, Egypt expansion plans

Majid Al Futtaim investment centred on Egypt and Saudi Arabia as well as Uzbekistan and Uganda, according to reports

Saudi Umm Alqura and Alinma complete $4.5bln real estate funds

The funds are invested in seven hotel towers and two commercial complexes that will be developed within the King Abdul Aziz Road (KAAR) project in Makkah

Almost half of land sold for first phase of Egypt's new capital

Much of the land has been sold to real estate developers.

HSBC to leapfrog Barclays in equity rankings after Aramco coup

Barclays is poised to fall two spots to 11th place.

CORRECTED-UAE economy to grow by 2.3% in 2019 - c.bank

The central bank said the improved growth outlook for 2019 compared to last year is due to rising public and private spending at the federal and emirate levels, higher investment ahead of the Dubai Expo 2020 event and continued regional economic recovery.

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