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

Dubai forecasts 2.1% real growth in 2019, 3.8% in 2020, and 2.8% in 2021

The majority of businesses indicated their intention to place new purchase orders and subsequently expect volumes, revenues as well as profits to increase.

GCC banks need better understanding of SMEs to improve funding

In recent times, there has also been a spurt in alternative financing for SMEs (i.e. lending from bodies other than traditional banks) such as peer-to-peer lending

Conveyancing Developments In Europe, China, And The Middle East

Law firms with clients looking to invest in real estate abroad will be buoyed by the fact that despite considerable challenges

Gulf Capital closes long-term AED500m revolving credit facility

Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are very pleased to be signing this long-term flexible revolver facility which will fully secure our current funding needs.

Northridge Capital Acquires Class-AA Office Campus In CityPlace - Houston's Premier Mixed-Use Urban Center

The Property, located in Springwoods Village, sits on 11.78-acres and features two buildings, totaling 378,402 rentable square feet.

Rwanda opens doors to UAE investors

The forum discussed ways of developing the UAE-Rwanda economic and trade relations and shed light on Rwanda’s investment environment.

Gulf banking consolidation 'long overdue' - Investcorp's co-CEO

Scale can raise banks' investment in technology infrastructure amid rise of fintech enabled solutions

Gulf Companies Record $69 Bn Profit in 2018- Report

Saudi market Tadawul, which alone accounts for 41.2 percent of the total net profit of GCC listed companies for FY2018, recorded a growth of 1.3 percent.

Abu Dhabi outperforms on financials, real estate

The top lender in Abu Dhabi rose nearly 9 percent last week after obtaining regulatory approval to increase its foreign ownership limit to 40 percent from 25 percent.

Chinese tech investors turn attention to GCC

With total internet penetration surpassing 60 percent in the Middle East, representing more than 150 million users, Chinese venture capitalists and angel investors are starting to take notice of the region.

Gulf Insurance Group- Kuwait selects Beyontec suite to drive digital operations

Established in 2007 as a subsidiary of Gulf Insurance Group, gig-Kuwait was the first and only local specialized life and health insurance Company in Kuwait

Zurich brings reassurance amid rising health risks in the Middle East

Key health risks: Cancer (47%) and heart attack (38%) top the list for customer benefits paid.

Security token sales accelerate in the UAE

A $100m security token sale by Sumner Group targeting Middle East investors could be a taste of things to come

Land seeks UAE property opportunities

The property market remains soft following the oil price slump but there is demand for good quality sites.

Abu Dhabi hits multi-year on FAB foreign ownership change

Saudi stocks made a lacklustre start to the week as financial shares fell on profit-taking after robust gains in the Gulf region's biggest stock market this year.

Saudi wealth fund PIF in talks to raise up to $8bn bridge loan

The loan will be repaid from the proceeds PIF gets from selling its SABIC stake, a source said

Tuesday outlook: Asian shares' rally pauses as Wall Street drops on bank earnings

Abu Dhabi’s index gained 0.9 percent on Monday

WiT ME 2019: Middle East is the “golden goose” of travel

The promise of the market has lured global online travel brands such as Booking.com and Expedia, as well as brands that have grown up in similar emerging markets such as Africa, South-East Asia and India

Could Brexit encourage more Britons to retire in the UAE?

Under no-deal, an EU retirement will be more challenging for most Brits reaching the end of their working life

UAE's Damac secures £175 million in bank finance for Versace branded tower in London

3 banks involved in funding, including Emirates NBD, for 50-storey Versace branded tower

Alternative Investments