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

Remittances: Filipino expats in UAE save, send home Dh5.5 billion in 9 months

Latest remittance figures show how much money OFWs are able to set aside this year

Emaar Properties tumble to 33-month low as margins feared

Emaar Properties hit a low of Dh4.57, its lowest level since February 2016

Sailing: Next edition of Sailing Arabia - The Tour set to attract international fleet

At the end of a close fought fortnight the French team on Beijaflore emerged as the winner

Aberdeen Standard maps countries on ESG credentials

The research found that, without globalisation, poverty reduction in developing nations would not have happened over the past 20 years

Middle East finance firms urged to adapt to demands of investors

With social media and the internet, there is heightened awareness and access to information and options like we’ve never had, so you’re operating in a much more educated and knowledgeable space, especially in the world of investment.

Qatar blockade plays out in battle over UAE banks

UAE-based companies, banks, shy away from business opportunities with Qatari shareholders amid ongoing GCC crisis.

Global concludes exit from Emirates Retakaful

Global and other shareholders representing a total ownership of 75% of Emirates Retakaful, have worked together during the past months

Shuaa acquires 4.8pc stake in Ajman Bank

Ajman Bank has maintained a continuous growth trajectory since inception and boasts an active network of services combined with healthy customer outreach programs.

Saudi oil output said to surge to record high in Nov

Saudi oil production rises to near 11 million barrels a day this month after the kingdom received stronger-than-usual demand

Investcorp floats biz to buy stakes in mid-size alternative asset managers

The sale of GP stakes helps smaller asset managers to keep expanding.

GCC property markets forecast to remain under pressure in 2019

S&P Global Ratings says supply demand imbalances, economic slowdown, and lower population growth to hit Guf real estate markets next year

Saudi wealth fund said to plan healthcare investments

Sources say the Public Investment Fund may appoint an adviser in the near future to help identify healthcare investment opportunities

St Kitts highlights citizenship scheme to GCC residents

The country also allows dual citizenship and holders of its passport can also keep and the original passport of the country of the immigrant’s origin.

Gulf drops on oil, weak global trend; banks hit Abu Dhabi

The Abu Dhabi index fell 1.8 percent, its biggest drop since June, with First Abu Dhabi Bank dropping 2.2 percent and Commercial Bank International tumbling 8.6 percent in light trade.

Heavyweights lead UAE indices decline

Abu Dhabi falls 1.7%, but still above the key support level of 4,955

OSN shareholder KIPCO hires bankers to sell 60% stake

The group has engaged an international investment banker for this purpose.

Oman is open to all

The sultanate's welcoming climate facilitates opportunities for investment as it continues on its path of economic diversification.

Where Middle East real estate investors see opportunities in Europe

Top cities for prime central business district offices include Amsterdam, Brussels, Copenhagen and Paris

Banks aid Saudi gain, Dubai falls on real estate

Some cement stocks including Saudi Cement, Al Jouf Cement and Yanbu Cement gained, partly on hopes that a possible end to the Yemen war could boost cement demand for reconstruction.

Middle East Investments in UK Property Market Surge as Brexit Hits Pound

Commentators have been speculating that if the government agrees on a trade deal with the EU, the value of pound sterling could rise.

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