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

ABAX rebrands to Ocorian

African trade and business expansion experts, Abax Corporate Services (ABAX), renamed Ocorian following buyout

Mideast funds less positive on equities

Over the past couple of months, currency weakness in places such as Turkey, tumbling bond prices in countries including Lebanon and trade tensions involving the United States and China have cast a pall over emerging markets generally.

GCC bond performance fuels foreign investors’ appetite

The bond market in the GCC region saw the issuances to the tune of $70bn, an all-time high issued amount in the year 2017.

UAE approves record budget

$16.4bn allocation for 2019 is the largest in the Persian Gulf state's history

Forbes Middle East displays confidence in Middle East's real estate sector

Technology, too, is helping the industry transform and with government support the near future for the real estate market looks promising.

Crowdfunding: A new way of closing the financing gap for SMEs and entrepreneurs in Saudi Arabia

Scopeer is an equity-based crowdfunding platform that connects entrepreneurs, startups, and SMEs in Saudi Arabia with potential local and international investors

'Luxury' student accommodation sold to Middle Eastern bank

The purchase was supported by a five year £18.4m investment facility from the Bank of Scotland’s Commercial Real Estate team.

Qatar's emir to seek increased trade in tour of Latin American countries

Doha has sought to develop new trade and business partners since rift opened last year with four of its neighbours

Abu Dhabi's Mubadala plans bond transaction soon

The deal would come at a busy time in the regional debt markets, with a number of high-profile deals already lined up for the next few weeks.

Boston Consulting Group moves regional office to Dubai World Trade Centre

DWTC announced cuts to its licencing fees earlier this year

Saudi Sovereign Fund Plans to Build 'Riviera of the Middle East

Amaala seen as "ultra-luxury" tourism destination in kingdom

Abraaj asked to vacate a DIFC office by end of the month

Dubai-based buyout firm given notice to vacate an office in the financial centre after lease ends

Aldar takes over UAE property services group Khidmah

A leading real estate developer in Abu Dhabi with $10 billion in assets, a 75 million sq m land bank, and through its iconic developments, Aldar is one of the most well known in the UAE and wider Middle East region.

Qatar an attractive destination for US investments

The US is also Qatar’s first destination for imports, the Minister said noting that 16 percent of Qatar’s imports came from US in 2017.

Egypt Seeks New Debt Investors With Euroclear

Enlisting its services would make it easier for foreigners, who currently have to go through a local bank, to invest in Egyptian pound-denominated debt.

UAE high-flyers launch financial products comparison platform

Dubai-based insurance broker founders offer ‘transparent’ choice of life insurance and banking products

TPG in Exclusive Talks to Buy Abraaj’s $1 Health-Care Fund

Abraaj was the largest private-equity firm in the Middle East until it filed for provisional liquidation in June

'We want to be number one' - Azizi Developments' Mirwais Azizi on the story behind Dubai's fastest-growing developer

How the chairman of Azizi Properties not only got out, but subsequently amassed a fortune across multiple businesses and countries, could be the subject of a novel or screenplay.

Abraaj’s fund management rights to be transferred to investors

Liquidators’ move signals end for buyout group’s stewardship over EM funds

Egypt’s Real Estate Sector Goes into Growth Mode

When the value of the Egyptian Pound fell, inflation of imported goods including raw materials for construction rose sharply, and would-be buyers – in the midst of the economic tumult – erred on the side of caution, delivering a blow to real e

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