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

UAE economy to grow an average 3.8% a year to 2023

Country's non-oil economy is projected to grow by an average of 4.1% annually between 2019-23, Dubai Chamber report says

Banks in Kuwait may declassify expat client data

The Fatwa and Legislation Department has submitted to the Council of Ministers a draft law that allows banks to declassify the data of their customers, as provided by the CRS Convention on Join Reporting

Foreign institutions’ sustained buying interests lift QSE

Trade turnover grew amidst lower volumes in the bourse, where industrials, realty and banking sectors together accounted for more than 82% of the total volume.

Scaling a Middle East business will attract global investors, says Wamda Capital

The complicated nature of regional markets makes it more difficult to grow a business in MENA as opposed to other regions

Dubai Ruler in Talks to Buy Some of Europe’s Most Famous Luxury Hotels

Jumeirah owner looking at hotels in Capri, Rome and Istanbul

Qatar sovereign wealth fund to boost US portfolio to $61b

Qatar denies supporting terrorism and its government is seeking to use the sanctions enforced by its neighbours as an opportunity to develop its own industry and its relations with other countries.

Banking results to set tone for UAE stocks

Traders on the UAE bourses have been stuck with loss-making positions

Investcorp, Coller form $1bn European equity fund

The deal also includes fresh capital for any follow-on investments and future investments

Nasdaq Dubai expands futures trading with MSCI UAE launch

Index comprises some of the largest firms in the UAE including DP World, Emaar Properties and First Abu Dhabi Bank

Over half of UAE based investors believe a slowing global economy will be biggest risk to their investments in 2019: survey

Over half of respondents (54%) believe economic stagnation in the world economy will be the biggest risk to their investments in the next 12 months, up from 39% in 2017

Global Saudi Equity Fund outperforms TASI

In 2018 and for the second consecutive year, Global Saudi Equity Fund ranked amongst the 5 best performing conventional funds and 10 best performing equity funds in a universe of 90 shariah and conventional funds in the Saudi market.

Abu Dhabi’s ADNH signs Dhs1.6bn loan to fund acquisition of Dubai hotels

Abu Dhabi National Hotels announced in November that it would acquire five hotels from Emaar

Investment Minister Nasr lauds investment opportunities in Egypt

The government believes the private sector can contribute to achieving comprehensive economic development, Nasr said.

Middle East bond rush shunned by Oman before $6.2bn debt push

Oman will likely raise the money in the first and second halves of the year, “depending on market conditions,”

New opportunities await as Lord Mayor of London visits Kuwait and UAE

Opportunities in emerging areas such as fintech and green finance will be high up the agenda

Why Banks in Morocco Are Spreading the Wealth Around Africa

Moroccan banks' expansion across Africa will allow Moroccan businesses to invest and integrate better into the continent, gaining lucrative market access.

The UAE for OAPs: Dubai is offering residency to foreign pensioners

Provided they have a sizeable retirement fund. Should British buyers be tempted to trade Eastbourne for the Middle East?

Agility opens new regional distribution hub in Bahrain in push for GCC expansion

The company plans to invest $1.6bn by 2020 to grow its industrial real estate and warehousing business

Nasdaq Dubai launches Saudi equity futures

The 12 companies have a combined market capitalisation of $212 billion

Dubai Land Department signs deal with ADIB

The MoU reflects an important aspect of our endeavours, especially those related to providing a world-class environment that attracts investment

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