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

Kuwait's NREC pens $200m Grand Heights Egypt deal

NREC subsidiary Kuwaidco and Bader El Dean Group to develop 35ha townhouse community west of Cairo

The $259bn question: Saudi Arabia's 2019 budget under the microscope

Some say the budget is achievable because oil prices are currently “irrationally depressed

Mideast entrepreneurs among world’s most ambitious and dynamic communities: HSBC

The report, which researched views of more than 3,700 successful entrepreneurs across eleven countries, revealed that the entrepreneurs in the Middle East tend to set up their businesses at a younger age against their global counterparts.

Dubai's ultra-prime property still a magnet for investors

Supply in the ultra-prime category is still somewhat limited in Dubai

Nasdaq Dubai to Launch Futures on MSCI Index in January

With the exception of Kuwait, Gulf Arab stock markets have been slow to introduce futures and options.

Dubai sovereign wealth fund records 23% uptick in first half revenue

The Investment Corporation of Dubai posts Dh115bn in revenue

BoI rallies Dubai investors on bilateral investment opportunities

He assured that the chamber would extend all necessary support to improve trade and investment relations between Nigeria and Dubai.

Dubai’s property market slump hits construction sector

While 865 developers were registered with the Dubai Land Department in 2018, one in four had projects currently active

Shuaa Capital begins consolidation after buying Kuwait’s Amwal

Shuaa said earlier this year that it had struck a deal to boost its stake in Amwal to more than 87 percent.

NBK Capital to be coordinator of largest bond issue in Kuwait for Burgan Bank

CEO outlines NBK Capital’s strategy in interview with Sky News Arabia

Boom years ahead for Middle East

Growth ahead in next 8-10 years; UAE, Saudi Arabia to lead region

Saudi pledges Tunisia financial aid of about $830m

Tunisia is struggling to cut its budget deficit and stabilise falling foreign currency reserves

Qatar Fund building venture capital unit for US startups

Saudi Arabia has since grabbed the spotlight for technology deals after pumping US$3.5 billion into Uber and allocating US$45 billion to SoftBank Group Corp.'s Vision Fund.

Kuwait allows limitless foreign trade, ownership in bank shares

The ministry said the decision aims to attract and facilitate foreign investment in Kuwait especially in the banking sector.

UAE Forum Opens Room for Debating 2019 Economic Prospects

The world’s economy is in constant movement.

Abraaj Credit Fund to Be Taken Over by Kuwait's NBK CapitalNBK to make nominal payment to take over fund’s management

NBK to make nominal payment to take over fund’s management

Kuwaiti investor spends £39m on London office building

The deal comes despite wider jitters in the commercial property market about rental growth prospects and tenant demand after Britain leaves the EU.

Building and construction sector vital for realizing ‘New Kuwait 2035’ vision

Al-Subaih said that working towards achieving the vision of “New Kuwait 2035” requires the spirit of work and initiative to overcome all difficulties and obstacles

QFC focusing on driving FDI inflows to Qatar: Al-Jaida

Not only have global agencies upgraded the banking sector’s rating, but their forecast for 2019 reflects continued confidence in Qatar’s economy.

Sawari Ventures announces $35m first closing of $70m North Africa fund

This investment in the Sawari Ventures North Africa Fund I fully fits our mandate to support innovation, skilled job creation and access to essential services in the region

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